Quotient Technology Inc (QUOT) Shares Trimmed by Royce & Associates LP

Quotient Technology Inc (QUOT) Shares Trimmed by Royce & Associates LP

Other large investors have also modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in Quotient Technology by 29.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 546,408 shares of the technology company’s stock valued at $7,158,000 after purchasing an additional 124,103 shares in the last quarter. First Trust Advisors LP lifted its holdings in Quotient Technology by 13.7% in the 3rd quarter. First Trust Advisors LP now owns 167,176 shares of the technology company’s stock valued at $2,591,000 after purchasing an additional 20,152 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Quotient Technology by 17.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 265,165 shares of the technology company’s stock valued at $4,111,000 after purchasing an additional 40,315 shares in the last quarter. Granite Investment Partners LLC lifted its holdings in Quotient Technology by 5.0% in the 3rd quarter. Granite Investment Partners LLC now owns 1,137,277 shares of the technology company’s stock valued at $17,627,000 after purchasing an additional 54,025 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in Quotient Technology by 4.4% in the 3rd quarter. BlackRock Inc. now owns 5,377,677 shares of the technology company’s stock valued at $83,356,000 after purchasing an additional 227,827 shares in the last quarter. Institutional investors own 77.00% of the company’s stock.

Royce & Associates LP lessened its holdings in Quotient Technology Inc (NYSE:QUOT) by 43.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 188,000 shares of the technology company’s stock after selling 144,000 shares during the quarter. Royce & Associates LP owned about 0.20% of Quotient Technology worth $2,008,000 at the end of the most recent reporting period.

A number of research analysts have weighed in on QUOT shares. DA Davidson decreased their price objective on Quotient Technology to $20.00 and set a “buy” rating on the stock in a report on Wednesday, January 23rd. Royal Bank of Canada decreased their price objective on Quotient Technology to $12.00 and set a “market perform” rating on the stock in a report on Wednesday, February 13th. reiterated a “buy” rating and set a $12.00 price target on shares of Quotient Technology in a report on Wednesday, February 13th. ValuEngine lowered Quotient Technology from a “buy” rating to a “hold” rating in a report on Thursday, January 24th. Finally, reiterated a “buy” rating and set a $12.00 price target on shares of Quotient Technology in a report on Wednesday, February 13th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $14.00.

In other news, COO Chad Summe sold 3,753 shares of Quotient Technology stock in a transaction on Monday, March 4th. The stock was sold at an average price of $10.00, for a total transaction of $37,530.00. Following the transaction, the chief operating officer now owns 106,741 shares in the company, valued at approximately $1,067,410. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Steven R. Boal sold 50,000 shares of Quotient Technology stock in a transaction on Monday, December 17th. The stock was sold at an average price of $11.41, for a total value of $570,500.00. Following the transaction, the insider now owns 3,423,628 shares in the company, valued at approximately $39,063,595.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 123,719 shares of company stock worth $1,374,583. Insiders own 9.50% of the company’s stock.

NYSE QUOT opened at $9.95 on Thursday. Quotient Technology Inc has a 52 week low of $9.00 and a 52 week high of $15.98. The company has a debt-to-equity ratio of 0.40, a quick ratio of 6.27 and a current ratio of 6.27. The firm has a market cap of $945.28 million, a PE ratio of -41.46 and a beta of 0.26.

Quotient Technology 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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