Wolverine Trading LLC grew its holdings in shares of Quotient Technology Inc (NYSE:QUOT) by 119.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,140 shares of the technology company’s stock after purchasing an additional 6,617 shares during the period. Wolverine Trading LLC’s holdings in Quotient Technology were worth $143,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of the company. State Street Corp lifted its position in shares of Quotient Technology by 13.0% in the second quarter. State Street Corp now owns 1,318,689 shares of the technology company’s stock worth $15,165,000 after purchasing an additional 151,433 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Quotient Technology by 15.8% during the second quarter. The Manufacturers Life Insurance Company now owns 57,385 shares of the technology company’s stock valued at $660,000 after acquiring an additional 7,819 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Quotient Technology by 3.4% in the second quarter. California State Teachers Retirement System now owns 130,502 shares of the technology company’s stock valued at $1,501,000 after purchasing an additional 4,268 shares during the period. First Trust Advisors LP bought a new position in shares of Quotient Technology in the third quarter valued at approximately $1,319,000. Finally, American Century Companies Inc. bought a new position in shares of Quotient Technology in the third quarter valued at approximately $3,958,000. Institutional investors own 74.77% of the company’s stock.
In other Quotient Technology news, Chairman Steven R. Boal sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $14.31, for a total transaction of $715,500.00. Following the completion of the transaction, the chairman now owns 3,237,445 shares of the company’s stock, valued at approximately $46,327,837.95. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Steven Michael Horowitz sold 56,300 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $13.18, for a total value of $742,034.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 156,300 shares of company stock valued at $2,117,534. Insiders own 11.46% of the company’s stock.
Several equities research analysts have recently issued reports on the stock. First Analysis raised their price objective on shares of Quotient Technology to $18.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 13th. Oppenheimer assumed coverage on shares of Quotient Technology in a research note on Wednesday, February 21st. They set an “outperform” rating and a $16.00 price target on the stock. ValuEngine upgraded shares of Quotient Technology from a “sell” rating to a “hold” rating in a research note on Tuesday, February 20th. Zacks Investment Research raised Quotient Technology from a “sell” rating to a “hold” rating in a report on Thursday, February 15th. Finally, Wedbush reissued an “outperform” rating and set a $17.00 price objective on shares of Quotient Technology in a report on Monday, February 12th. One investment 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’s stock. The company presently has a consensus rating of “Buy” and an average price target of $17.63.
Shares of QUOT traded up $0.15 on Friday, hitting $13.35. The company’s stock had a trading volume of 726,666 shares, compared to its average volume of 495,881. 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 Inc has a fifty-two week low of $9.10 and a fifty-two week high of $17.85. The firm has a market capitalization of $1,232.68, a PE ratio of -102.69, a P/E/G ratio of 8.53 and a beta of -0.24.
Quotient Technology (NYSE:QUOT) last issued its quarterly earnings data on Tuesday, February 13th. The technology company reported $0.06 earnings per share (EPS) for the quarter. Quotient Technology had a negative return on equity of 3.02% and a negative net margin of 4.68%. The business had revenue of $93.09 million during the quarter, compared to analyst estimates of $92.48 million. equities research analysts predict that Quotient Technology Inc will post 0.11 EPS for the current fiscal 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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