Dynamic Technology Lab Private Ltd cut its stake in Quotient Technology Inc (NYSE:QUOT) by 46.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,402 shares of the technology company’s stock after selling 19,533 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Quotient Technology were worth $293,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wesbanco Bank Inc. acquired a new position in Quotient Technology in the 1st quarter worth $886,000. Xact Kapitalforvaltning AB acquired a new position in shares of Quotient Technology during the 1st quarter worth about $185,000. Royal Bank of Canada boosted its stake in shares of Quotient Technology by 39.9% during the 1st quarter. Royal Bank of Canada now owns 36,149 shares of the technology company’s stock worth $473,000 after buying an additional 10,312 shares during the last quarter. A.R.T. Advisors LLC acquired a new position in shares of Quotient Technology during the 1st quarter worth about $371,000. Finally, Senvest Management LLC boosted its stake in shares of Quotient Technology by 0.8% during the 1st quarter. Senvest Management LLC now owns 6,785,227 shares of the technology company’s stock worth $88,886,000 after buying an additional 54,000 shares during the last quarter. 74.84% of the stock is owned by hedge funds and other institutional investors.
Shares of QUOT stock opened at $14.10 on Friday. The stock has a market capitalization of $1.31 billion, a PE ratio of -108.46 and a beta of -0.24. Quotient Technology Inc has a 52-week low of $10.35 and a 52-week high of $17.85.
Quotient Technology (NYSE:QUOT) last issued its earnings results on Tuesday, May 1st. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.03). The firm had revenue of $86.77 million during the quarter, compared to the consensus estimate of $86.29 million. Quotient Technology had a negative net margin of 7.07% and a negative return on equity of 3.30%. analysts predict that Quotient Technology Inc will post -0.03 earnings per share for the current year.
A number of research firms have recently commented on QUOT. ValuEngine upgraded shares of Quotient Technology from a “hold” rating to a “buy” rating in a research note on Saturday, June 16th. Royal Bank of Canada restated a “buy” rating and set a $17.00 price objective on shares of Quotient Technology in a research note on Sunday, April 29th. William Blair restated an “outperform” rating on shares of Quotient Technology in a research note on Monday, April 16th. Finally, 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $18.00.
In other news, Director Andrew J. Gessow bought 10,000 shares of the company’s stock in a transaction dated Friday, May 4th. The shares were bought at an average cost of $12.55 per share, with a total value of $125,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Steven R. Boal sold 50,000 shares of the company’s stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $13.34, for a total transaction of $667,000.00. Following the completion of the sale, the insider now directly owns 3,187,445 shares in the company, valued at $42,520,516.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 150,000 shares of company stock worth $2,011,500. 9.50% of the stock is owned by insiders.
About Quotient Technology
Quotient Technology Inc provides digital marketing platform that offers digital coupons and media solutions to consumer packaged goods (CPGs) brands, retailers, and shoppers in the United States. The company operates its platform across various distribution networks, reaching approximately 60 million shoppers, including the app and Website of its flagship consumer brand, Coupons.com, other owned and operated properties, and various publisher partners.
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