SG Americas Securities LLC increased its stake in Quotient Technology Inc. (NYSE:QUOT – Get Rating) by 173.4% during the first quarter, according to its recent 13F filing with the Securities and Exchange Commission (SEC). . The institutional investor owned 49,472 shares of the tech company after purchasing an additional 31,375 shares during the quarter. SG Americas Securities LLC owned 0.05% of Quotient Technology for $316,000 at the end of the most recent quarter.
Several other major investors also recently bought and sold shares of the stock. Raymond James & Associates acquired a new interest in Quotient Technology during the fourth quarter for approximately $249,000. Fuller & Thaler Asset Management Inc. acquired a new position in Quotient Technology stock valued at approximately $3,168,000 during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Quotient Technology by 23.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 344,658 shares of the tech company, valued at $2,557,000, after purchasing an additional 64,774 shares last quarter. Horrell Capital Management Inc. increased its holding in Quotient Technology stock by 70.0% during the first quarter. Horrell Capital Management Inc. now owns 510,000 shares of the technology company valued at $3,254,000 after purchasing an additional 210,000 shares during the period. Finally, Coliseum Capital Management LLC acquired a new position in Quotient Technology valued at $13,260,000 during the fourth quarter. Hedge funds and other institutional investors own 83.28% of the company’s shares.
Insiders place their bets
In related news, Director Andrew J. Gessow acquired 25,000 shares of Quotient Technology in a transaction on Thursday, June 2nd. The stock was purchased at an average price of $4.08 per share for a total transaction of $102,000.00. Following the transaction, the Director now owns 335,108 shares of the Company, valued at $1,367,240.64. The transaction was disclosed in a filing with the SEC, available at this hyperlink. 12.51% of the shares are currently owned by company insiders.
Wall Street analysts forecast growth
QUOT has been the subject of a number of recent analyst reports. Morgan Stanley lowered its target price on Quotient Technology shares to $4.00 from $5.00 and rated the stock “underweight” in a research note on Thursday, May 26. StockNews.com downgraded Quotient Technology from a “hold” rating to a “sell” rating in a research note on Tuesday, May 10. Two research analysts have given the stock a sell rating and two have given it a buy rating. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of $8.33.
Quotient technology portfolio decreased by 2.1%
QUOT shares opened at $2.85 on Monday. Quotient Technology Inc. has a 52-week low of $2.58 and a 52-week high of $9.77. The company has a 50-day simple moving average of $3.39 and a 200-day simple moving average of $5.06. The company has a market cap of $271.37 million, a PE ratio of -4.60 and a beta of 1.01.
Quotient Technology Profile
Quotient Technology Inc is a digital media and advertising technology company that provides performance-integrated digital media and advertising programs to brands and retailers. The Company’s Quotient Promotions platform offers digital, paperless, print promotional and cashback rebates including Coupons.com website and mobile applications; brand and retailer websites and mobile applications; and third-party publishing websites and mobile applications.
Receive daily news and reviews for Quotient Technology – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Quotient Technology and related companies with MarketBeat.com’s FREE daily email newsletter.