SG Americas Securities LLC Increases Stake in Quotient Technology Inc. (NYSE: QUOT )

SG Americas Securities LLC increased its stake in Quotient Technology Inc. (NYSE:QUOT – Get Rating ) grew 23.4% in the third quarter, according to its most recent disclosure to the SEC. Institutional investors held 150,136 shares of the technology company’s shares after adding 28,484 shares during the period. SG Americas Securities LLC owns approximately 0.16% of Quotient Technology, worth $347,000 as of its most recent SEC filing.

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Several other hedge funds and other institutional investors have also recently increased or decreased their stakes in QUOT. XTX Topco Ltd bought a new stake in Quotient Technology in the first quarter, worth $65,000. Raymond James & Associates purchased a new stake in Quotient Technology for $25,000 in the third quarter. Virtu Financial LLC purchased a new stake in Quotient Technology in the second quarter, valued at $52,000. Allspring Global Investments Holdings LLC increased its stake in Quotient Technology by 227.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 19,468 shares of the tech company worth $44,000 after buying an additional 13,528 shares last quarter. Finally, Verition Fund Management LLC purchased a new stake in Quotient Technology for $65,000 during the second quarter. 76.56% of the shares are currently held by hedge funds and other institutional investors.

Quotient technology deals up 4.7%

QUOT stock opened Friday at $4.00. The company’s 50-day moving average is $3.26 and its 200-day moving average is $2.74. Quotient Technologies had a 12-month low of $1.68 and a 12-month high of $7.26. The market cap is $386.8 million, with a P/E ratio of -4.55 and a beta of 0.87.

Quotient Technology (NYSE: QUOT – Get Rating ) last reported its quarterly earnings results on Tuesday, November 8th. The technology company reported earnings per share (EPS) ($0.07) for the quarter. Quotient Technology has a negative net profit margin of 23.03% and a negative return on equity of 42.75%. The company’s revenue for the quarter was $70.34 million. Equity analysts forecast Quotient Technology Inc. to post -0.8 EPS for the current year.

Analyst sets new price target

Several analysts weigh in on QUOT stock. Rosenblatt Securities upped their target price on shares of Quotient Technology from $3.50 to $5.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley cut their price target on Quotient Technology from $2.90 to $2.80 and set an “underweight” rating on the stock in a research report on Wednesday, January 18th. Finally, StockNews.com first reported on shares of Quotient Technology in a research report on Wednesday, October 12th. They have a “sell” rating on the stock.

Insider Trading of Quotient Technologies

In other news, Director Andrew J. Gessow purchased 15,000 shares of the company in a transaction that occurred on Tuesday, November 29th. These shares were purchased at an average cost of $3.00 per share for a total transaction value of $45,000.00. Following the transaction, the director now directly owns 400,108 shares of company stock, worth approximately $1,200,324. The acquisition was disclosed in a legal filing with the U.S. Securities and Exchange Commission, which can be accessed through the SEC’s website. In other news, director Andrew J. Gessow acquired 15,000 shares in a transaction on Tuesday, November 29. The stock was acquired at an average price of $3.00 per share for a total value of $45,000.00. Following the transaction, the director now owns 400,108 shares of company stock, worth approximately $1,200,324. The purchase was disclosed in a filing with the U.S. Securities and Exchange Commission, which can be accessed through this link. Additionally, Director Andrew J. Gessow acquired 10,000 shares in a transaction on Wednesday, November 16th. These shares were purchased at an average cost of $3.20 per share for a total value of $32,000.00. Following the closing of the transaction, the director now directly owns 385,108 shares of the company stock, valued at approximately $1,232,345.60. The disclosure for this purchase can be found here. Last quarter, insiders bought 35,000 shares of the company worth $108,100. Company insiders own 12.51% of the company.

Technical Introduction

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Quotient Technology Inc operates as a digital media and promotional technology company, providing brands and retailers with powerful integrated digital media and promotional programs. The company’s Quotient Promotions platform offers digital paperless, print promotions and cash back, including the Coupons.com website and mobile application; brand and retailer websites and mobile applications; and third-party distribution websites and mobile applications.

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Want to see what other hedge funds are holding QUOT? Visit HoldingsChannel.com for Quotient Technology Inc.’s latest 13F filings and insider trading. (NYSE: QUOT – Get Rated).

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