Russell Investments Group Ltd. Acquires 25,530 Shares of Quotient Technology Inc (NYSE:QUOT)
Russell Investments Group Ltd. boosted its position in shares of Quotient Technology Inc (NYSE:QUOT) by 12.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 224,850 shares of the technology company’s stock after buying an additional 25,530 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.24% of Quotient Technology worth $2,945,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Quantitative Systematic Strategies LLC bought a new stake in shares of Quotient Technology in the 2nd quarter valued at $222,000. Bank of New York Mellon Corp increased its holdings in Quotient Technology by 29.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 546,408 shares of the technology company’s stock worth $7,158,000 after purchasing an additional 124,103 shares in the last quarter. Rhumbline Advisers increased its holdings in Quotient Technology by 7.8% during the 2nd quarter. Rhumbline Advisers now owns 76,446 shares of the technology company’s stock worth $1,001,000 after purchasing an additional 5,520 shares in the last quarter. Sei Investments Co. bought a new position in Quotient Technology during the 2nd quarter worth about $150,000. Finally, First Trust Advisors LP increased its holdings in Quotient Technology by 202.2% during the 2nd quarter. First Trust Advisors LP now owns 147,024 shares of the technology company’s stock worth $1,926,000 after purchasing an additional 98,367 shares in the last quarter. 75.20% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Chairman Steven R. Boal sold 50,000 shares of Quotient Technology stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $15.50, for a total value of $775,000.00. Following the transaction, the chairman now directly owns 3,168,672 shares of the company’s stock, valued at $49,114,416. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 150,000 shares of company stock worth $2,180,500 over the last three months. 9.50% of the stock is currently owned by insiders.
Quotient Technology (NYSE:QUOT) last announced its earnings results on Tuesday, July 31st. The technology company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.02). The business had revenue of $89.55 million for the quarter, compared to the consensus estimate of $88.44 million. Quotient Technology had a negative return on equity of 4.00% and a negative net margin of 6.45%. Equities analysts anticipate that Quotient Technology Inc will post -0.17 earnings per share for the current fiscal year.
A number of equities analysts have issued reports on the company. ValuEngine cut Quotient Technology from a “buy” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research downgraded shares of Quotient Technology from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. Finally, Royal Bank of Canada downgraded shares of Quotient Technology from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, August 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Quotient Technology presently has a consensus rating of “Hold” and a consensus price target of $17.00.
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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