Quotient Technology Inc. (QUOT) Shares Bought by Teachers Advisors LLC
Teachers Advisors LLC boosted its stake in Quotient Technology Inc. (NYSE:QUOT) by 258.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 762,904 shares of the technology company’s stock after buying an additional 549,948 shares during the period. Teachers Advisors LLC owned approximately 0.84% of Quotient Technology worth $8,773,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its stake in Quotient Technology by 595.8% during the second quarter. BNP Paribas Arbitrage SA now owns 9,449 shares of the technology company’s stock worth $109,000 after purchasing an additional 8,091 shares during the period. Koch Industries Inc. purchased a new stake in Quotient Technology during the first quarter worth about $114,000. Principal Financial Group Inc. increased its stake in Quotient Technology by 4.0% during the first quarter. Principal Financial Group Inc. now owns 12,385 shares of the technology company’s stock worth $118,000 after purchasing an additional 474 shares during the period. Stoneridge Investment Partners LLC purchased a new stake in Quotient Technology during the second quarter worth about $125,000. Finally, Invictus RG purchased a new stake in Quotient Technology during the first quarter worth about $135,000. Hedge funds and other institutional investors own 71.27% of the company’s stock.
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In related news, Director Dawn G. Lepore sold 4,800 shares of the firm’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $12.01, for a total transaction of $57,648.00. Following the sale, the director now directly owns 100,797 shares in the company, valued at approximately $1,210,571.97. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Steven R. Boal sold 40,000 shares of the firm’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $11.71, for a total value of $468,400.00. Following the sale, the chief executive officer now owns 1,008,823 shares in the company, valued at $11,813,317.33. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,095,523 shares of company stock worth $16,668,395. Company insiders own 11.99% of the company’s stock.
A number of analysts have issued reports on QUOT shares. BidaskClub lowered shares of Quotient Technology from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Royal Bank Of Canada reiterated a “buy” rating and set a $17.00 price target on shares of Quotient Technology in a research note on Friday, September 1st. DA Davidson started coverage on shares of Quotient Technology in a research note on Wednesday, September 13th. They set a “buy” rating and a $18.00 price target on the stock. ValuEngine upgraded shares of Quotient Technology from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Wedbush reiterated an “ourperform” rating and set a $16.00 price target on shares of Quotient Technology in a research note on Monday, July 31st. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Quotient Technology has a consensus rating of “Buy” and a consensus target price of $17.00.
Shares of Quotient Technology Inc. (QUOT) opened at 16.95 on Thursday. The company’s 50 day moving average is $15.36 and its 200-day moving average is $12.33. The stock’s market capitalization is $1.57 billion. Quotient Technology Inc. has a 1-year low of $9.10 and a 1-year high of $17.20.
Quotient Technology (NYSE:QUOT) last announced its earnings results on Tuesday, August 1st. The technology company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.03. The business had revenue of $74.49 million for the quarter, compared to the consensus estimate of $73.72 million. Quotient Technology had a negative return on equity of 2.92% and a negative net margin of 5.61%. The company’s revenue was up 10.8% on a year-over-year basis. During the same period last year, the business posted ($0.04) EPS. Equities analysts anticipate that Quotient Technology Inc. will post $0.24 earnings per share for the current fiscal year.
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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