SG Americas Securities LLC grew its stake in shares of Quotient Technology Inc. (NYSE:QUOT – Get Estimates ) by 173.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,472 shares of the technology company’s stock after buying an additional 31,375 shares during the quarter. SG Americas Securities LLC owned 0.05% of Quotient Technology worth $316,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. Raymond James & Associates purchased a new stake in Quotient Technology during the fourth quarter valued at approximately $249,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Quotient Technology during the fourth quarter valued at approximately $3,168,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Quotient Technology by 23.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 344,658 shares of the technology company’s stock valued at $2,557,000 after buying an additional 64,774 shares during the last quarter. Horrell Capital Management Inc. boosted its holdings in shares of Quotient Technology by 70.0% in the first quarter. Horrell Capital Management Inc. now owns 510,000 shares of the technology company’s stock valued at $3,254,000 after purchasing an additional 210,000 shares during the period. Finally, Coliseum Capital Management LLC acquired a new position in Quotient Technology during the 4th quarter valued at $13,260,000. Hedge funds and other institutional investors own 83.28% of the company’s shares.
Insiders place their bets
In related news, Director Andrew J. Gessow bought 25,000 shares of Quotient Technology stock in a transaction dated Thursday, June 2nd. The stock was bought at an average price of $4.08 per share, for a total transaction of $102,000.00. Following the transaction, the director now owns 335,108 shares in the company, valued at $1,367,240.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 12.51% of shares are currently owned by company insiders.
Wall Street analysts forecast growth
QUOT has been the subject of a number of recent analyst reports. Morgan Stanley decreased their target price on shares of Quotient Technology from $5.00 to $4.00 and set an “underweight” rating on the stock in a research note on Thursday, May 26th. StockNews.com downgraded Quotient Technology from a “hold” rating to a “sell” rating in a research note on Tuesday, May 10th. Two research analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $8.33, based on data from MarketBeat.
Quotient Technology stock fell 2.1%
Shares of QUOT stock opened at $2.85 on Monday. Quotient Technology Inc. has a 52-week low of $2.58 and a 52-week high of $9.77. The company has a 50-day simple moving average of $3.39 and a 200-day simple moving average of $5.06. The company has a market cap of $271.37 million, a PE ratio of -4.60 and a beta of 1.01.
Quotient Technology Profile
Quotient Technology Inc operates as a digital media and promotions technology company that offers powerful integrated digital media and promotional programs for brands and retailers. The company’s Quotient Promotions platform offers paperless digital promotions, print promotions and cash rebates, including the Coupons.com website and mobile apps; brand and retailer websites and mobile applications; and third-party publishing websites and mobile applications.
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