Teacher Retirement System of Texas purchased a new position in shares of Quotient Technology Inc. (NYSE:QUOT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,026 shares of the technology company’s stock, valued at approximately $108,000.
Other large investors have also recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new position in Quotient Technology during the first quarter worth $95,000. Thompson Siegel & Walmsley LLC acquired a new position in Quotient Technology during the first quarter worth $102,000. CHICAGO TRUST Co NA purchased a new stake in shares of Quotient Technology during the second quarter worth $120,000. Advisor Group Holdings Inc. increased its position in shares of Quotient Technology by 18.6% during the second quarter. Advisor Group Holdings Inc. now owns 11,267 shares of the technology company’s stock worth $123,000 after acquiring an additional 1,771 shares during the period. Finally, Royal Bank of Canada increased its position in shares of Quotient Technology by 747.2% during the first quarter. Royal Bank of Canada now owns 8,675 shares of the technology company’s stock worth $142,000 after acquiring an additional 7,651 shares during the period. Institutional investors own 86.24% of the company’s stock.
In related news, President Scott David Raskin sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, July 6th. The shares were sold at an average price of $10.94, for a total value of $54,700.00. Following the completion of the sale, the president now owns 709,479 shares in the company, valued at $7,761,700.26. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Andrew J. Gessow acquired 10,000 shares of Quotient Technology stock in a transaction that occurred on Tuesday, August 10th. The stock was purchased at an average price of $8.00 per share, with a total value of $80,000.00. The disclosure for this purchase can be found here. Insiders have sold 17,216 shares of company stock valued at $183,466 in the last quarter. Insiders own 11.00% of the company’s stock.
Quotient Technology (NYSE:QUOT) last announced its earnings results on Thursday, August 5th. The technology company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.08). Quotient Technology had a negative return on equity of 24.05% and a negative net margin of 11.96%. The business had revenue of $123.88 million for the quarter, compared to analyst estimates of $119.17 million. As a group, research analysts predict that Quotient Technology Inc. will post -0.25 EPS for the current year.
A number of research firms have recently weighed in on QUOT. Morgan Stanley upped their price objective on Quotient Technology from $7.80 to $8.50 and gave the stock an “underweight” rating in a research report on Monday, June 7th. Craig Hallum cut their price objective on Quotient Technology from $25.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, August 6th. TheStreet lowered Quotient Technology from a “c-” rating to a “d+” rating in a research report on Monday, August 9th. Colliers Securities reaffirmed a “buy” rating and set a $25.00 price objective on shares of Quotient Technology in a research report on Monday, July 12th. Finally, Zacks Investment Research lowered Quotient Technology from a “hold” rating to a “sell” rating in a research report on Tuesday, August 24th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $14.50.
Quotient Technology Profile
Quotient Technology, Inc engages in the operation of a digital marketing platform that connects brands and retailers with consumers through web, mobile, and social channels. It offers digital printable coupons, digital paperless coupons, coupon codes and other promotions. The company was founded by Steven R.
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