American International Group Inc. reduced its position in Quotient Technology Inc (NYSE:QUOT) by 3.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,862 shares of the technology company’s stock after selling 1,648 shares during the period. American International Group Inc.’s holdings in Quotient Technology were worth $502,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in QUOT. Bernzott Capital Advisors increased its position in shares of Quotient Technology by 59.4% in the fourth quarter. Bernzott Capital Advisors now owns 2,182,195 shares of the technology company’s stock worth $23,306,000 after acquiring an additional 813,075 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Quotient Technology by 247.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 771,582 shares of the technology company’s stock worth $8,241,000 after acquiring an additional 549,206 shares in the last quarter. D. E. Shaw & Co. Inc. increased its position in shares of Quotient Technology by 46.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,184,390 shares of the technology company’s stock worth $12,649,000 after acquiring an additional 377,796 shares in the last quarter. Brandywine Global Investment Management LLC increased its position in shares of Quotient Technology by 69.2% in the fourth quarter. Brandywine Global Investment Management LLC now owns 672,370 shares of the technology company’s stock worth $7,181,000 after acquiring an additional 275,013 shares in the last quarter. Finally, Prospect Capital Advisors LLC increased its position in shares of Quotient Technology by 35.7% in the fourth quarter. Prospect Capital Advisors LLC now owns 971,900 shares of the technology company’s stock worth $10,380,000 after acquiring an additional 255,650 shares in the last quarter. 70.50% of the stock is currently owned by institutional investors and hedge funds.
QUOT stock opened at $10.99 on Friday. The company has a quick ratio of 3.94, a current ratio of 3.94 and a debt-to-equity ratio of 0.46. The company has a market cap of $1.02 billion, a P/E ratio of -45.79 and a beta of -0.07. Quotient Technology Inc has a 52 week low of $8.92 and a 52 week high of $15.98.
Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Quotient Technology from a “sell” rating to a “hold” rating in a research report on Friday, May 17th. TheStreet downgraded shares of Quotient Technology from a “c-” rating to a “d” rating in a research report on Monday, May 13th. Finally, Craig Hallum assumed coverage on shares of Quotient Technology in a research report on Wednesday, April 17th. They issued a “buy” rating and a $20.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Quotient Technology has an average rating of “Buy” and a consensus price target of $15.20.
In related news, CFO Ronald J. Fior sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $10.25, for a total transaction of $153,750.00. Following the completion of the sale, the chief financial officer now directly owns 309,563 shares in the company, valued at $3,173,020.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Andrew J. Gessow purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were bought at an average price of $10.50 per share, with a total value of $105,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 17,663 shares of company stock valued at $179,854. 10.00% of the stock is currently owned by corporate insiders.
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About Quotient Technology
Quotient Technology Inc, a digital marketing company, provides technology and services that offers integrated digital promotions and media programs for consumer packaged goods (CPGs) brands and retailers. The company offers programs across its network, including its flagship consumer brand Coupons.com and retail partners' properties.
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