Quotient Technology Inc (QUOT) Holdings Reduced by Credit Suisse AG
Credit Suisse AG reduced its position in Quotient Technology Inc (NYSE:QUOT) by 38.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,657 shares of the technology company’s stock after selling 23,586 shares during the quarter. Credit Suisse AG’s holdings in Quotient Technology were worth $584,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the business. US Bancorp DE grew its holdings in Quotient Technology by 12.4% in the 2nd quarter. US Bancorp DE now owns 39,430 shares of the technology company’s stock valued at $517,000 after buying an additional 4,348 shares in the last quarter. OLD National Bancorp IN grew its stake in shares of Quotient Technology by 47.3% in the 3rd quarter. OLD National Bancorp IN now owns 16,105 shares of the technology company’s stock valued at $250,000 after purchasing an additional 5,171 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Quotient Technology by 7.8% in the second quarter. Rhumbline Advisers now owns 76,446 shares of the technology company’s stock valued at $1,001,000 after buying an additional 5,520 shares in the last quarter. Public Employees Retirement Association of Colorado raised its holdings in Quotient Technology by 119.1% during the third quarter. Public Employees Retirement Association of Colorado now owns 13,847 shares of the technology company’s stock worth $215,000 after purchasing an additional 7,528 shares during the last quarter. Finally, Swiss National Bank raised its holdings in shares of Quotient Technology by 7.2% in the second quarter. Swiss National Bank now owns 138,100 shares of the technology company’s stock worth $1,809,000 after acquiring an additional 9,300 shares during the last quarter. Institutional investors and hedge funds own 76.39% of the company’s stock.
Several equities research analysts have recently weighed in on QUOT shares. Zacks Investment Research downgraded Quotient Technology from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 15th. ValuEngine lowered Quotient Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $17.00.
Quotient Technology (NYSE:QUOT) last released its quarterly earnings results on Wednesday, November 7th. The technology company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The firm had revenue of $103.60 million for the quarter, compared to the consensus estimate of $102.99 million. Quotient Technology had a negative net margin of 5.27% and a negative return on equity of 3.11%. The firm’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.12) earnings per share. On average, research analysts forecast that Quotient Technology Inc will post -0.27 earnings per share for the current fiscal year.
In other Quotient Technology news, insider Steven R. Boal sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $12.64, for a total transaction of $632,000.00. Following the sale, the insider now owns 3,068,672 shares in the company, valued at approximately $38,788,014.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Chad Summe sold 2,903 shares of the stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $12.42, for a total transaction of $36,055.26. Following the sale, the chief operating officer now directly owns 125,454 shares of the company’s stock, valued at $1,558,138.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 152,903 shares of company stock valued at $1,892,055. Company insiders own 9.50% of the company’s stock.
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About Quotient Technology
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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