First Trust Advisors LP increased its holdings in shares of Quotient Technology Inc (NYSE:QUOT) by 13.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 167,176 shares of the technology company’s stock after purchasing an additional 20,152 shares during the period. First Trust Advisors LP owned 0.18% of Quotient Technology worth $2,591,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. US Bancorp DE boosted its holdings in shares of Quotient Technology by 12.4% during the second quarter. US Bancorp DE now owns 39,430 shares of the technology company’s stock worth $517,000 after acquiring an additional 4,348 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Quotient Technology by 39.7% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 16,978 shares of the technology company’s stock worth $222,000 after acquiring an additional 4,823 shares during the period. Rhumbline Advisers boosted its holdings in shares of Quotient Technology by 7.8% during the second quarter. Rhumbline Advisers now owns 76,446 shares of the technology company’s stock worth $1,001,000 after acquiring an additional 5,520 shares during the period. ClariVest Asset Management LLC boosted its holdings in shares of Quotient Technology by 11.2% during the second quarter. ClariVest Asset Management LLC now owns 65,300 shares of the technology company’s stock worth $855,000 after acquiring an additional 6,600 shares during the period. Finally, Cornerstone Wealth Management LLC bought a new stake in shares of Quotient Technology during the second quarter worth approximately $553,000. Institutional investors and hedge funds own 75.29% of the company’s stock.
Shares of QUOT stock opened at $12.46 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 6.27 and a quick ratio of 6.27. The company has a market capitalization of $1.14 billion, a P/E ratio of -95.85 and a beta of 0.17. Quotient Technology Inc has a 1 year low of $10.35 and a 1 year high of $15.98.
Quotient Technology (NYSE:QUOT) last issued its quarterly earnings results on Wednesday, November 7th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The company had revenue of $103.60 million during the quarter, compared to the consensus estimate of $102.99 million. Quotient Technology had a negative net margin of 5.27% and a negative return on equity of 3.11%. The company’s quarterly revenue was up 26.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.12) earnings per share. As a group, analysts predict that Quotient Technology Inc will post -0.27 earnings per share for the current year.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research cut Quotient Technology from a “hold” rating to a “strong sell” rating in a report on Thursday, November 15th. ValuEngine upgraded Quotient Technology from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $17.00.
In related news, insider Steven R. Boal sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 16th. The stock was sold at an average price of $13.07, for a total value of $653,500.00. Following the completion of the sale, the insider now directly owns 3,118,672 shares in the company, valued at $40,761,043.04. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders sold 150,000 shares of company stock valued at $2,060,500. 9.50% of the stock is currently owned by corporate insiders.
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About Quotient Technology
Quotient Technology Inc provides digital marketing platform that offers digital coupons and media solutions to consumer packaged goods (CPGs) brands, retailers, and shoppers in the United States. The company operates its platform across various distribution networks, reaching approximately 60 million shoppers, including the app and Website of its flagship consumer brand, Coupons.com, other owned and operated properties, and various publisher partners.
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