Wolverine Trading LLC lifted its stake in shares of Quotient Technology Inc (NYSE:QUOT) by 119.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,140 shares of the technology company’s stock after acquiring an additional 6,617 shares during the quarter. Wolverine Trading LLC’s holdings in Quotient Technology were worth $143,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Amalgamated Bank acquired a new position in shares of Quotient Technology during the fourth quarter valued at approximately $121,000. Capital Fund Management S.A. acquired a new position in Quotient Technology in the fourth quarter worth approximately $140,000. Great West Life Assurance Co. Can grew its position in Quotient Technology by 116.7% in the third quarter. Great West Life Assurance Co. Can now owns 11,269 shares of the technology company’s stock worth $175,000 after buying an additional 6,069 shares during the last quarter. Ellington Management Group LLC acquired a new position in Quotient Technology in the fourth quarter worth approximately $199,000. Finally, Quadrature Capital Ltd acquired a new position in Quotient Technology in the fourth quarter worth approximately $219,000. Institutional investors and hedge funds own 74.75% of the company’s stock.
QUOT has been the topic of several recent research reports. ValuEngine upgraded shares of Quotient Technology from a “sell” rating to a “hold” rating in a research report on Tuesday, February 20th. Zacks Investment Research upgraded shares of Quotient Technology from a “sell” rating to a “hold” rating in a research report on Thursday, February 15th. Wedbush restated an “outperform” rating and issued a $17.00 price target on shares of Quotient Technology in a research report on Monday, February 12th. Oppenheimer initiated coverage on shares of Quotient Technology in a research report on Wednesday, February 21st. They issued an “outperform” rating and a $16.00 price target on the stock. Finally, First Analysis lifted their price target on shares of Quotient Technology to $18.00 and gave the stock an “overweight” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $17.63.
In other Quotient Technology news, Director Steven Michael Horowitz sold 56,300 shares of Quotient Technology stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $13.18, for a total transaction of $742,034.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Steven R. Boal sold 50,000 shares of Quotient Technology stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $13.20, for a total transaction of $660,000.00. Following the transaction, the chairman now owns 3,300,146 shares in the company, valued at $43,561,927.20. The disclosure for this sale can be found here. Insiders own 11.46% of the company’s stock.
Quotient Technology Inc (NYSE QUOT) traded down $0.10 during midday trading on Friday, reaching $14.25. 112,697 shares of the company’s stock traded hands, compared to its average volume of 532,829. Quotient Technology Inc has a 12-month low of $9.10 and a 12-month high of $17.85. The company has a debt-to-equity ratio of 0.37, a quick ratio of 6.03 and a current ratio of 6.03.
Quotient Technology (NYSE:QUOT) last posted its quarterly earnings data on Tuesday, February 13th. The technology company reported $0.06 earnings per share for the quarter. Quotient Technology had a negative net margin of 4.68% and a negative return on equity of 3.02%. The firm had revenue of $93.09 million for the quarter, compared to analysts’ expectations of $92.48 million. equities analysts expect that Quotient Technology Inc will post 0.11 earnings per share for the current year.
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Quotient Technology Profile
Quotient Technology Inc is a provider of digital platform that enables consumer packaged goods (CPG) brands and retailers to engage shoppers through personalized and targeted promotions and media. Through the Company’s platform, CPGs and retailers are able to use online and in-store point-of-sale (POS) shopper data and analytics.
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