Measured Wealth Private Client Group LLC Sells 1,325 Shares of Quotient Technology Inc (NYSE:QUOT)

Measured Wealth Private Client Group LLC decreased its holdings in Quotient Technology Inc (NYSE:QUOT) by 3.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,840 shares of the technology company’s stock after selling 1,325 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Quotient Technology were worth $363,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Redmond Asset Management LLC boosted its stake in Quotient Technology by 2.4% during the first quarter. Redmond Asset Management LLC now owns 73,117 shares of the technology company’s stock valued at $722,000 after buying an additional 1,718 shares during the last quarter. SG Americas Securities LLC boosted its stake in Quotient Technology by 6.8% during the first quarter. SG Americas Securities LLC now owns 40,456 shares of the technology company’s stock valued at $399,000 after buying an additional 2,584 shares during the last quarter. Legal & General Group Plc boosted its stake in Quotient Technology by 25.0% during the fourth quarter. Legal & General Group Plc now owns 15,535 shares of the technology company’s stock valued at $166,000 after buying an additional 3,103 shares during the last quarter. US Bancorp DE boosted its stake in Quotient Technology by 10.9% during the first quarter. US Bancorp DE now owns 49,319 shares of the technology company’s stock valued at $487,000 after buying an additional 4,835 shares during the last quarter. Finally, Quantamental Technologies LLC boosted its stake in Quotient Technology by 328.1% during the first quarter. Quantamental Technologies LLC now owns 7,568 shares of the technology company’s stock valued at $75,000 after buying an additional 5,800 shares during the last quarter. 70.13% of the stock is owned by hedge funds and other institutional investors.

NYSE:QUOT opened at $7.80 on Wednesday. The company has a market cap of $983.40 million, a price-to-earnings ratio of -32.50 and a beta of -0.13. Quotient Technology Inc has a 1 year low of $8.92 and a 1 year high of $15.98. The company has a 50 day moving average of $10.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.94 and a quick ratio of 3.94.

Quotient Technology (NYSE:QUOT) last posted its quarterly earnings data on Tuesday, August 6th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.03. The business had revenue of $104.69 million during the quarter, compared to analyst estimates of $103.81 million. Quotient Technology had a negative return on equity of 6.59% and a negative net margin of 7.58%. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same period last year, the company earned ($0.05) EPS. On average, analysts expect that Quotient Technology Inc will post -0.23 earnings per share for the current year.

In other news, insider Connie L. Chen sold 2,773 shares of the stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $11.90, for a total value of $32,998.70. Following the sale, the insider now directly owns 236,244 shares in the company, valued at $2,811,303.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Andrew J. Gessow purchased 10,000 shares of Quotient Technology stock in a transaction dated Monday, May 20th. The stock was acquired at an average price of $10.50 per share, for a total transaction of $105,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 36,523 shares of company stock worth $384,936. Company insiders own 10.00% of the company’s stock.

A number of equities analysts recently commented on QUOT shares. First Analysis lowered Quotient Technology from a “strong-buy” rating to an “outperform” rating and dropped their price target for the company from $14.00 to $11.00 in a research note on Wednesday. Bank of America lowered Quotient Technology from a “neutral” rating to an “underperform” rating in a research note on Wednesday. TheStreet lowered Quotient Technology from a “c-” rating to a “d” rating in a research note on Monday, May 13th. ValuEngine lowered Quotient Technology from a “buy” rating to a “hold” rating in a research note on Monday, July 22nd. Finally, Craig Hallum assumed coverage on Quotient Technology in a research note on Wednesday, April 17th. They issued a “buy” rating and a $20.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $14.50.

About Quotient Technology

Quotient Technology Inc, a digital marketing company, provides technology and services that offers integrated digital promotions and media programs for consumer packaged goods (CPGs) brands and retailers. The company offers programs across its network, including its flagship consumer brand Coupons.com and retail partners' properties.

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Institutional Ownership by Quarter for Quotient Technology (NYSE:QUOT)

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