SG Americas Securities LLC raised its stake in Quotient Technology Inc. (NYSE:QUOT – Get Estimates ) by 23.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 150,136 shares of the technology company’s stock after acquiring an additional 28,484 shares during the period. SG Americas Securities LLC owned about 0.16% of Quotient Technology worth $347,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in QUOT. XTX Topco Ltd bought a new stake in Quotient Technology in the first quarter worth $65,000. Raymond James & Associates bought a new stake in Quotient Technology in the third quarter worth $25,000. Virtu Financial LLC bought a new stake in Quotient Technology in the second quarter valued at $52,000. Allspring Global Investments Holdings LLC increased its stake in Quotient Technology by 227.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 19,468 shares of the technology company’s stock valued at $44,000 after buying an additional 13,528 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new stake in Quotient Technology during the second quarter valued at $65,000. 76.56% of the stock is currently owned by hedge funds and other institutional investors.
Quotient Technology Trading up 4.7%
Shares of QUOT opened at $4.00 on Friday. The firm’s 50-day moving average is $3.26 and its 200-day moving average is $2.74. Quotient Technology Inc. has a 12-month low of $1.68 and a 12-month high of $7.26. The stock has a market cap of $386.80 million, a price-to-earnings ratio of -4.55 and a beta of 0.87.
Quotient Technology (NYSE:QUOT – Get Rating) last announced its quarterly earnings results on Tuesday, November 8th. The technology company reported ($0.07) earnings per share (EPS) for the quarter. Quotient Technology had a negative net margin of 23.03% and a negative return on equity of 42.75%. The company had revenue of $70.34 million for the quarter. Equities analysts predict that Quotient Technology Inc. will report -0.8 EPS for the current year.
Analysts set new price targets
Several analysts have weighed in on QUOT shares. Rosenblatt Securities upped their target price on shares of Quotient Technology from $3.50 to $5.00 and gave the stock a “buy” rating in a research note on Thursday. Morgan Stanley reduced their price objective on shares of Quotient Technology from $2.90 to $2.80 and set an “underweight” rating on the stock in a research report on Wednesday, January 18th. Finally, StockNews.com initiated coverage on shares of Quotient Technology in a research report on Wednesday, October 12th. They issued a “sell” rating on the stock.
Insider trading at Quotient Technology
In other news, Director Andrew J. Gessow purchased 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 29th. The shares were bought at an average price of $3.00 per share, for a total transaction of $45,000.00. Following the completion of the transaction, the director now directly owns 400,108 shares of the company’s stock, valued at approximately $1,200,324. The acquisition was disclosed in a legal filing with the Securities and Exchange Commission, which is available through the SEC’s website. In other news, Director Andrew J. Gessow acquired 15,000 shares of the stock in a transaction on Tuesday, November 29th. The shares were acquired at an average price of $3.00 per share, for a total value of $45,000.00. Following the completion of the transaction, the director now owns 400,108 shares of the company’s stock, valued at approximately $1,200,324. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Andrew J. Gessow acquired 10,000 shares of the stock in a transaction on Wednesday, November 16th. The shares were purchased at an average price of $3.20 per share, for a total value of $32,000.00. Following the transaction, the director now directly owns 385,108 shares of the company’s stock, valued at approximately $1,232,345.60. Disclosure of this purchase can be found here. In the last quarter, insiders bought 35,000 shares of company stock valued at $108,100. Corporate insiders own 12.51% of the company’s shares.
Quotient Technology Profile
(Get Rating)
Quotient Technology Inc operates as a digital media and promotions technology company that offers integrated digital media and promotional programs for brands and retailers. The company’s Quotient Promotions platform offers digital paperless promotions, print promotions and cash rebates, including the Coupons.com website and mobile apps; brand and retailer websites and mobile applications; and third-party publishing websites and mobile applications.
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