Wells Fargo & Company MN boosted its stake in Quotient Technology Inc (NYSE:QUOT) by 59.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,346 shares of the technology company’s stock after purchasing an additional 29,085 shares during the quarter. Wells Fargo & Company MN’s holdings in Quotient Technology were worth $1,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its stake in Quotient Technology by 595.8% in the second quarter. BNP Paribas Arbitrage SA now owns 9,449 shares of the technology company’s stock valued at $109,000 after purchasing an additional 8,091 shares in the last quarter. Wedbush Securities Inc. purchased a new stake in Quotient Technology in the third quarter valued at approximately $160,000. Great West Life Assurance Co. Can raised its stake in Quotient Technology by 116.7% in the third quarter. Great West Life Assurance Co. Can now owns 11,269 shares of the technology company’s stock valued at $175,000 after purchasing an additional 6,069 shares in the last quarter. Principal Financial Group Inc. raised its stake in Quotient Technology by 15.3% in the second quarter. Principal Financial Group Inc. now owns 14,274 shares of the technology company’s stock valued at $164,000 after purchasing an additional 1,889 shares in the last quarter. Finally, Balyasny Asset Management LLC purchased a new stake in Quotient Technology in the second quarter valued at approximately $184,000. 72.35% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have commented on QUOT. BidaskClub downgraded shares of Quotient Technology from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 18th. Zacks Investment Research downgraded shares of Quotient Technology from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. ValuEngine downgraded shares of Quotient Technology from a “hold” rating to a “sell” rating in a research note on Thursday, November 30th. First Analysis began coverage on shares of Quotient Technology in a research note on Monday, October 9th. They set an “overweight” rating and a $21.00 price target on the stock. Finally, Dougherty & Co reissued a “buy” rating and set a $20.00 price target (up from $16.00) on shares of Quotient Technology in a research note on Wednesday, October 4th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. Quotient Technology currently has a consensus rating of “Hold” and an average price target of $18.14.

In other news, Director Andrew J. Gessow bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were bought at an average cost of $12.25 per share, with a total value of $61,250.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David E. Siminoff sold 8,000 shares of Quotient Technology stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $15.52, for a total transaction of $124,160.00. Following the completion of the transaction, the director now directly owns 3,000 shares in the company, valued at $46,560. The disclosure for this sale can be found here. 11.46% of the stock is owned by insiders.

Quotient Technology Inc (NYSE QUOT) opened at $11.95 on Wednesday. Quotient Technology Inc has a one year low of $9.10 and a one year high of $17.85. The company has a market cap of $1,094.86, a price-to-earnings ratio of -70.29, a P/E/G ratio of 5.14 and a beta of -0.14.

Quotient Technology (NYSE:QUOT) last issued its earnings results on Wednesday, November 1st. The technology company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.10). Quotient Technology had a negative return on equity of 4.96% and a negative net margin of 5.17%. The firm had revenue of $81.95 million during the quarter, compared to analysts’ expectations of $83.24 million. During the same period in the previous year, the firm earned ($0.13) earnings per share. The firm’s quarterly revenue was up 23.3% compared to the same quarter last year. analysts predict that Quotient Technology Inc will post -0.22 EPS for the current fiscal year.

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About Quotient Technology

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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Institutional Ownership by Quarter for Quotient Technology (NYSE:QUOT)

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