Cim Investment Management Inc. increased its holdings in Quotient Technology Inc. (NYSE:QUOT – Get Rating) by 100.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,628 shares of the technology company’s stock after buying an additional 28,314 shares during the period. Cim Investment Management Inc. owned 0.06% of Quotient Technology worth $375,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Marshall Wace LLP purchased a new stake in Quotient Technology during the first quarter valued at about $95,000. Royal Bank of Canada grew its stake in shares of Quotient Technology by 28.6% during the second quarter. Royal Bank of Canada now owns 11,154 shares of the technology company’s stock valued at $121,000 after buying an additional 2,479 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of Quotient Technology by 26.5% during the third quarter. Teacher Retirement System of Texas now owns 12,678 shares of the technology company’s stock valued at $74,000 after buying an additional 2,652 shares during the last quarter. Riverwater Partners LLC bought a new position in shares of Quotient Technology during the fourth quarter valued at about $119,000. Finally, Hollencrest Capital Management bought a new position in shares of Quotient Technology during the fourth quarter valued at about $130,000. Institutional investors own 90.79% of the company’s stock.
QUOT has been the topic of several recent analyst reports. StockNews.com began coverage on Quotient Technology in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research upgraded shares of Quotient Technology from a “sell” rating to a “hold” rating in a report on Wednesday, March 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $12.75.
Quotient Technology (NYSE:QUOT – Get Rating) last announced its quarterly earnings data on Wednesday, February 9th. The technology company reported ($0.08) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.08). Quotient Technology had a negative net margin of 8.74% and a negative return on equity of 18.98%. The company had revenue of $146.41 million during the quarter, compared to analyst estimates of $116.87 million. As a group, analysts anticipate that Quotient Technology Inc. will post -0.14 earnings per share for the current year.
About Quotient Technology (Get Rating)
Quotient Technology Inc operates as a digital media and promotions technology company that offers power integrated digital media and promotions programs for brands and retailers. The company's Quotient Promotions platform offers digital paperless, print promotion, and cash back rebates, including Coupons.com website and mobile applications; brand and retailer websites and mobile applications; and third-party publishing websites and mobile applications.
- Get a free copy of the StockNews.com research report on Quotient Technology (QUOT)
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