OLD National Bancorp IN reduced its position in Quotient Technology Inc. (NYSE:QUOT) by 7.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,845 shares of the technology company’s stock after selling 1,578 shares during the period. OLD National Bancorp IN’s holdings in Quotient Technology were worth $240,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in QUOT. Airain ltd bought a new position in shares of Quotient Technology during the first quarter worth $110,000. Koch Industries Inc. bought a new position in shares of Quotient Technology during the first quarter worth $114,000. Principal Financial Group Inc. raised its position in shares of Quotient Technology by 4.0% in the first quarter. Principal Financial Group Inc. now owns 12,385 shares of the technology company’s stock worth $118,000 after buying an additional 474 shares in the last quarter. Invictus RG bought a new position in shares of Quotient Technology during the first quarter worth $135,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Quotient Technology during the first quarter worth $137,000. 69.74% of the stock is owned by hedge funds and other institutional investors.
Quotient Technology Inc. (NYSE:QUOT) traded up 0.35% during trading on Friday, reaching $14.45. 437,955 shares of the company’s stock traded hands. The firm’s market capitalization is $1.33 billion. Quotient Technology Inc. has a one year low of $9.10 and a one year high of $14.75. The company has a 50-day moving average price of $12.35 and a 200 day moving average price of $11.40.
Quotient Technology (NYSE:QUOT) last released its earnings results on Tuesday, August 1st. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.03. Quotient Technology had a negative net margin of 5.61% and a negative return on equity of 2.92%. The business had revenue of $74.49 million during the quarter, compared to analyst estimates of $73.72 million. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, analysts anticipate that Quotient Technology Inc. will post $0.25 earnings per share for the current fiscal year.
Quotient Technology announced that its board has authorized a stock buyback plan on Tuesday, May 2nd that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the technology company to purchase up to 4.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
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A number of equities analysts recently weighed in on QUOT shares. TheStreet lowered shares of Quotient Technology from a “c” rating to a “d+” rating in a research report on Tuesday, May 2nd. Wedbush restated an “outperform” rating and set a $16.00 target price on shares of Quotient Technology in a research report on Wednesday, May 3rd. Royal Bank Of Canada restated a “buy” rating and set a $17.00 target price on shares of Quotient Technology in a research report on Friday, April 21st. Maxim Group restated a “buy” rating and set a $15.00 target price on shares of Quotient Technology in a research report on Wednesday, May 3rd. Finally, BidaskClub lowered shares of Quotient Technology from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $15.57.
In other news, Director Andrew J. Gessow bought 4,618 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The shares were purchased at an average cost of $11.10 per share, for a total transaction of $51,259.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Steven R. Boal sold 124,789 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $11.33, for a total transaction of $1,413,859.37. Following the sale, the chief executive officer now owns 1,253,851 shares in the company, valued at $14,206,131.83. The disclosure for this sale can be found here. In the last three months, insiders have sold 540,513 shares of company stock worth $6,543,605. Corporate insiders own 11.99% of the company’s stock.
Quotient Technology Company Profile
Quotient Technology Inc is a provider of digital platform that enables consumer packaged goods (CPG) brands and retailers to engage shoppers through personalized and targeted promotions and media. Through the Company’s platform, CPGs and retailers are able to use online and in-store point-of-sale (POS) shopper data and analytics.
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