MetLife Investment Advisors LLC raised its stake in Quotient Technology Inc (NYSE:QUOT) by 53.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,882 shares of the technology company’s stock after buying an additional 18,680 shares during the period. MetLife Investment Advisors LLC owned approximately 0.06% of Quotient Technology worth $835,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Prospect Capital Advisors LLC grew its position in Quotient Technology by 16.4% during the 3rd quarter. Prospect Capital Advisors LLC now owns 716,250 shares of the technology company’s stock worth $11,102,000 after purchasing an additional 100,750 shares in the last quarter. Redmond Asset Management LLC grew its position in Quotient Technology by 146.9% during the 3rd quarter. Redmond Asset Management LLC now owns 72,004 shares of the technology company’s stock worth $1,116,000 after purchasing an additional 42,844 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Quotient Technology by 862.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 222,376 shares of the technology company’s stock worth $3,447,000 after purchasing an additional 199,276 shares in the last quarter. Elk Creek Partners LLC grew its position in Quotient Technology by 7.1% during the 3rd quarter. Elk Creek Partners LLC now owns 3,362,206 shares of the technology company’s stock worth $52,114,000 after purchasing an additional 222,869 shares in the last quarter. Finally, BlackRock Inc. grew its position in Quotient Technology by 4.4% during the 3rd quarter. BlackRock Inc. now owns 5,377,677 shares of the technology company’s stock worth $83,356,000 after purchasing an additional 227,827 shares in the last quarter. 76.39% of the stock is currently owned by institutional investors.
Quotient Technology stock opened at $11.35 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 6.27 and a current ratio of 6.27. Quotient Technology Inc has a 12 month low of $10.08 and a 12 month high of $15.98. The firm has a market cap of $1.09 billion, a PE ratio of -87.31 and a beta of 0.36.
Quotient Technology (NYSE:QUOT) last posted its quarterly earnings results on Wednesday, November 7th. The technology company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Quotient Technology had a negative net margin of 5.27% and a negative return on equity of 3.11%. The company had revenue of $103.60 million for the quarter, compared to analysts’ expectations of $102.99 million. During the same quarter in the prior year, the firm earned ($0.12) earnings per share. The company’s revenue was up 26.3% on a year-over-year basis. As a group, equities analysts expect that Quotient Technology Inc will post -0.27 earnings per share for the current fiscal year.
In other news, COO Chad Summe sold 2,903 shares of the business’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $12.42, for a total transaction of $36,055.26. Following the transaction, the chief operating officer now directly owns 125,454 shares in the company, valued at approximately $1,558,138.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Steven R. Boal sold 50,000 shares of the business’s stock in a transaction on Monday, December 17th. The shares were sold at an average price of $11.41, for a total transaction of $570,500.00. Following the transaction, the insider now owns 3,423,628 shares in the company, valued at $39,063,595.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 152,903 shares of company stock worth $1,892,055. 9.50% of the stock is currently owned by corporate insiders.
QUOT has been the topic of several research analyst reports. ValuEngine cut shares of Quotient Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. Zacks Investment Research upgraded shares of Quotient Technology from a “sell” rating to a “hold” rating in a research report on Wednesday, January 9th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $17.00.
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Quotient Technology Company Profile
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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