Natixis reduced its position in shares of Quotient Technology Inc (NYSE:QUOT) by 3.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 120,919 shares of the technology company’s stock after selling 4,713 shares during the quarter. Natixis’ holdings in Quotient Technology were worth $1,584,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in shares of Quotient Technology by 39.9% during the 1st quarter. Royal Bank of Canada now owns 36,149 shares of the technology company’s stock valued at $473,000 after acquiring an additional 10,312 shares during the period. Swiss National Bank grew its stake in shares of Quotient Technology by 7.2% during the 2nd quarter. Swiss National Bank now owns 138,100 shares of the technology company’s stock valued at $1,809,000 after acquiring an additional 9,300 shares during the period. Elk Creek Partners LLC grew its stake in shares of Quotient Technology by 26.2% during the 1st quarter. Elk Creek Partners LLC now owns 2,814,940 shares of the technology company’s stock valued at $36,876,000 after acquiring an additional 583,941 shares during the period. Senvest Management LLC grew its stake in shares of Quotient Technology by 0.8% during the 1st quarter. Senvest Management LLC now owns 6,785,227 shares of the technology company’s stock valued at $88,886,000 after acquiring an additional 54,000 shares during the period. Finally, Summit Creek Advisors LLC grew its stake in shares of Quotient Technology by 9.4% during the 2nd quarter. Summit Creek Advisors LLC now owns 444,858 shares of the technology company’s stock valued at $5,828,000 after acquiring an additional 38,050 shares during the period. Institutional investors and hedge funds own 75.21% of the company’s stock.
A number of research analysts recently issued reports on QUOT shares. Royal Bank of Canada downgraded Quotient Technology from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, August 1st. ValuEngine upgraded Quotient Technology from a “hold” rating to a “buy” rating in a research note on Saturday, September 1st. Finally, Zacks Investment Research downgraded Quotient Technology from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $18.00.
NYSE QUOT opened at $15.35 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 5.28 and a current ratio of 5.28. Quotient Technology Inc has a 12 month low of $10.35 and a 12 month high of $17.85. The company has a market capitalization of $1.47 billion, a P/E ratio of -118.08 and a beta of -0.15.
Quotient Technology (NYSE:QUOT) last posted its quarterly earnings results on Tuesday, July 31st. The technology company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.02). Quotient Technology had a negative return on equity of 4.00% and a negative net margin of 6.45%. The business had revenue of $89.55 million during the quarter, compared to analysts’ expectations of $88.44 million. equities analysts forecast that Quotient Technology Inc will post -0.17 earnings per share for the current year.
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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