Two Sigma Advisers LP boosted its position in shares of Quotient Technology Inc (NYSE:QUOT) by 367.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 51,400 shares of the technology company’s stock after purchasing an additional 40,400 shares during the period. Two Sigma Advisers LP’s holdings in Quotient Technology were worth $604,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in QUOT. Bank of New York Mellon Corp grew its stake in Quotient Technology by 17.7% during the third quarter. Bank of New York Mellon Corp now owns 498,548 shares of the technology company’s stock worth $7,802,000 after buying an additional 75,127 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in Quotient Technology during the third quarter worth about $1,325,000. American International Group Inc. grew its stake in Quotient Technology by 8.1% during the third quarter. American International Group Inc. now owns 49,402 shares of the technology company’s stock worth $773,000 after buying an additional 3,694 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in Quotient Technology by 116.7% during 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 in the last quarter. Finally, Wells Fargo & Company MN grew its stake in Quotient Technology by 59.0% during the third quarter. Wells Fargo & Company MN now owns 78,346 shares of the technology company’s stock worth $1,227,000 after buying an additional 29,085 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.
In other news, Director Steven Michael Horowitz sold 56,300 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $13.18, for a total value of $742,034.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Steven R. Boal sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $13.20, for a total transaction of $660,000.00. Following the completion of the sale, 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. Over the last 90 days, insiders sold 206,300 shares of company stock worth $2,784,534. 11.46% of the stock is currently owned by corporate insiders.
QUOT opened at $14.00 on Thursday. Quotient Technology Inc has a 1-year low of $10.35 and a 1-year 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. The company has a market capitalization of $1,251.35, a PE ratio of -107.69, a P/E/G ratio of 8.66 and a beta of -0.24.
Quotient Technology (NYSE:QUOT) last posted its quarterly earnings results 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 company had revenue of $93.09 million for the quarter, compared to the consensus estimate of $92.48 million. analysts expect that Quotient Technology Inc will post 0.11 earnings per share for the current year.
A number of equities research analysts have issued reports on the stock. William Blair reiterated an “outperform” rating on shares of Quotient Technology in a research note on Monday. ValuEngine downgraded shares of Quotient Technology from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. First Analysis increased 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. Wedbush reiterated an “outperform” rating and set a $17.00 price objective on shares of Quotient Technology in a research note on Monday, February 12th. Finally, Zacks Investment Research downgraded shares of Quotient Technology from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. Quotient Technology currently has a consensus rating of “Buy” and a consensus target price of $17.63.
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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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