Legal & General Group Plc increased its holdings in Quotient Technology Inc. (NYSE:QUOT) by 12.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,238 shares of the technology company’s stock after buying an additional 1,865 shares during the period. Legal & General Group Plc’s holdings in Quotient Technology were worth $198,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of QUOT. Principal Financial Group Inc. raised its position in shares of Quotient Technology by 4.0% in the first quarter. Principal Financial Group Inc. now owns 12,385 shares of the technology company’s stock worth $118,000 after buying an additional 474 shares in the last quarter. Stoneridge Investment Partners LLC purchased a new stake in shares of Quotient Technology in the second quarter worth $125,000. Invictus RG purchased a new stake in shares of Quotient Technology in the first quarter worth $135,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Quotient Technology in the first quarter worth $137,000. Finally, Parametric Portfolio Associates LLC raised its position in shares of Quotient Technology by 7.9% in the first quarter. Parametric Portfolio Associates LLC now owns 16,005 shares of the technology company’s stock worth $153,000 after buying an additional 1,168 shares in the last quarter. Institutional investors own 71.27% of the company’s stock.
In related news, insider Steven R. Boal sold 411,799 shares of the stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $16.78, for a total value of $6,909,987.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Steven R. Boal sold 80,000 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $16.01, for a total transaction of $1,280,800.00. Following the completion of the sale, the insider now directly owns 488,823 shares in the company, valued at $7,826,056.23. The disclosure for this sale can be found here. Insiders sold a total of 1,095,523 shares of company stock worth $16,668,395 over the last three months. 11.99% of the stock is currently owned by corporate insiders.
QUOT has been the topic of a number of recent analyst reports. Dougherty & Co reiterated a “buy” rating and issued a $20.00 price objective (up previously from $16.00) on shares of Quotient Technology in a research report on Wednesday, October 4th. DA Davidson initiated coverage on Quotient Technology in a research report on Wednesday, September 13th. They set a “buy” rating and a $18.00 price target on the stock. Royal Bank Of Canada restated a “buy” rating and set a $17.00 price target on shares of Quotient Technology in a research report on Friday, September 1st. BidaskClub upgraded Quotient Technology from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Finally, TheStreet upgraded Quotient Technology from a “d+” rating to a “c-” rating in a research report on Tuesday, August 1st. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $17.88.
Shares of Quotient Technology Inc. (QUOT) opened at 17.55 on Friday. Quotient Technology Inc. has a 52-week low of $9.10 and a 52-week high of $17.85. The stock’s market cap is $1.62 billion. The firm’s 50-day moving average price is $15.88 and its 200-day moving average price is $12.62.
Quotient Technology (NYSE:QUOT) last announced its earnings results on Tuesday, August 1st. The technology company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. The firm had revenue of $74.49 million for the quarter, compared to analysts’ expectations of $73.72 million. Quotient Technology had a negative net margin of 5.61% and a negative return on equity of 2.92%. The business’s revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.04) EPS. Equities analysts predict that Quotient Technology Inc. will post $0.24 EPS for the current 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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