Alliancebernstein L.P. reduced its stake in Quotient Technology Inc (NYSE:QUOT) by 7.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,000 shares of the technology company’s stock after selling 6,150 shares during the quarter. Alliancebernstein L.P. owned about 0.08% of Quotient Technology worth $917,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Amalgamated Bank bought a new position in Quotient Technology in the 4th quarter valued at about $121,000. Capital Fund Management S.A. bought a new position in Quotient Technology in the 4th quarter valued at about $140,000. Great West Life Assurance Co. Can raised its holdings in Quotient Technology by 116.7% in the 3rd quarter. Great West Life Assurance Co. Can now owns 11,269 shares of the technology company’s stock valued at $175,000 after acquiring an additional 6,069 shares during the period. Quadrature Capital Ltd bought a new position in Quotient Technology in the 4th quarter valued at about $219,000. Finally, Aperio Group LLC bought a new position in Quotient Technology in the 4th quarter valued at about $287,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.
NYSE QUOT opened at $13.35 on Friday. The company has a current ratio of 6.03, a quick ratio of 6.03 and a debt-to-equity ratio of 0.37. The company has a market cap of $1,246.68, a P/E ratio of -102.69, a PEG ratio of 8.63 and a beta of -0.24. Quotient Technology Inc has a 1 year low of $10.30 and a 1 year high of $17.85.
Quotient Technology (NYSE:QUOT) last posted its quarterly earnings results on Tuesday, February 13th. The technology company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $93.09 million for the quarter, compared to analyst estimates of $92.48 million. Quotient Technology had a negative net margin of 4.68% and a negative return on equity of 3.02%. equities analysts expect that Quotient Technology Inc will post 0.11 EPS for the current year.
QUOT has been the topic of several recent research reports. ValuEngine cut shares of Quotient Technology from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. First Analysis raised their target price on shares of Quotient Technology to $18.00 and gave the stock an “overweight” rating in a report on Tuesday, March 13th. Wedbush reaffirmed an “outperform” rating and set a $17.00 target price on shares of Quotient Technology in a report on Monday, February 12th. Zacks Investment Research cut shares of Quotient Technology from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Finally, Oppenheimer initiated coverage on shares of Quotient Technology in a report on Wednesday, February 21st. They set an “outperform” rating and a $16.00 target price on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. Quotient Technology presently has an average rating of “Buy” and an average price target of $17.63.
In related news, Chairman Steven R. Boal sold 50,000 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $13.20, for a total transaction of $660,000.00. Following the sale, the chairman now owns 3,300,146 shares in the company, valued at approximately $43,561,927.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven Michael Horowitz sold 56,300 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $13.18, for a total transaction of $742,034.00. The disclosure for this sale can be found here. Insiders have sold a total of 156,300 shares of company stock worth $2,117,534 in the last quarter. 11.46% of the stock is currently owned by company insiders.
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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