Quotient Technology Inc. (QUOT) Shares Sold by Legal & General Group Plc
Legal & General Group Plc lowered its position in shares of Quotient Technology Inc. (NYSE:QUOT) by 1.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,373 shares of the technology company’s stock after selling 298 shares during the period. Legal & General Group Plc’s holdings in Quotient Technology were worth $149,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Granite Investment Partners LLC boosted its position in shares of Quotient Technology by 14.0% in the first quarter. Granite Investment Partners LLC now owns 1,481,111 shares of the technology company’s stock valued at $14,145,000 after buying an additional 182,094 shares during the last quarter. Cowen Prime Services LLC boosted its position in shares of Quotient Technology by 91.6% in the first quarter. Cowen Prime Services LLC now owns 552,600 shares of the technology company’s stock valued at $5,277,000 after buying an additional 264,200 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of Quotient Technology by 3.2% in the first quarter. Teachers Advisors LLC now owns 212,956 shares of the technology company’s stock valued at $2,034,000 after buying an additional 6,524 shares during the last quarter. Swiss National Bank boosted its position in shares of Quotient Technology by 4.3% in the first quarter. Swiss National Bank now owns 116,100 shares of the technology company’s stock valued at $1,109,000 after buying an additional 4,800 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in shares of Quotient Technology during the first quarter valued at about $945,000. Institutional investors own 69.74% of the company’s stock.
Shares of Quotient Technology Inc. (QUOT) traded up 0.883% during midday trading on Wednesday, reaching $14.275. The company’s stock had a trading volume of 8,881 shares. Quotient Technology Inc. has a 52 week low of $9.10 and a 52 week high of $14.40. The stock’s market capitalization is $1.32 billion. The stock has a 50-day moving average price of $12.19 and a 200 day moving average price of $11.36.
Quotient Technology (NYSE:QUOT) last released its quarterly earnings data on Tuesday, August 1st. The technology company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The firm had revenue of $74.49 million during the quarter, compared to analysts’ expectations of $73.72 million. Quotient Technology had a negative return on equity of 2.92% and a negative net margin of 5.61%. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.04) earnings per share. Equities analysts forecast that Quotient Technology Inc. will post $0.25 earnings per share for the current year.
Quotient Technology announced that its board has initiated a share repurchase plan on Tuesday, May 2nd that permits the company to buyback $50.00 million in shares. This buyback authorization permits the technology company to reacquire up to 4.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.
Several equities research analysts recently weighed in on the company. Maxim Group set a $15.00 target price on Quotient Technology and gave the stock a “buy” rating in a research note on Thursday, May 25th. BidaskClub downgraded Quotient Technology from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Wedbush reiterated an “ourperform” rating and issued a $16.00 target price on shares of Quotient Technology in a research note on Monday, July 31st. TheStreet upgraded Quotient Technology from a “d+” rating to a “c-” rating in a research note on Tuesday, August 1st. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $17.00 target price on shares of Quotient Technology in a research note on Friday, April 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. Quotient Technology presently has an average rating of “Buy” and an average price target of $15.57.
In related news, Director Dawn G. Lepore sold 14,924 shares of Quotient Technology stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $12.92, for a total transaction of $192,818.08. Following the completion of the sale, the director now owns 85,873 shares of the company’s stock, valued at $1,109,479.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Steven R. Boal sold 160,000 shares of Quotient Technology stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $12.64, for a total value of $2,022,400.00. Following the sale, the chief executive officer now directly owns 968,823 shares of the company’s stock, valued at approximately $12,245,922.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 480,513 shares of company stock valued at $5,695,205. Insiders own 11.99% of the company’s stock.
Quotient Technology Company 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.
Want to see what other hedge funds are holding QUOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quotient Technology Inc. (NYSE:QUOT).
Receive News & Stock Ratings for Quotient Technology Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quotient Technology Inc. and related stocks with our FREE daily email newsletter.