OLD Mission Capital LLC Takes $220,000 Position in Quotient Technology Inc. (NYSE:QUOT)

OLD Mission Capital LLC bought a new position in shares of Quotient Technology Inc. (NYSE:QUOTGet Rating) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 73,994 shares of the technology company’s stock, valued at approximately $220,000. OLD Mission Capital LLC owned 0.08% of Quotient Technology at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. SG Americas Securities LLC boosted its position in Quotient Technology by 145.9% during the 2nd quarter. SG Americas Securities LLC now owns 121,652 shares of the technology company’s stock worth $361,000 after buying an additional 72,180 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Quotient Technology during the 2nd quarter worth approximately $75,000. Horrell Capital Management Inc. boosted its position in Quotient Technology by 29.4% during the 2nd quarter. Horrell Capital Management Inc. now owns 660,000 shares of the technology company’s stock worth $1,960,000 after buying an additional 150,000 shares during the period. OLD National Bancorp IN acquired a new stake in Quotient Technology during the 2nd quarter worth approximately $171,000. Finally, Hollencrest Capital Management boosted its position in Quotient Technology by 98.5% during the 2nd quarter. Hollencrest Capital Management now owns 134,000 shares of the technology company’s stock worth $398,000 after buying an additional 66,500 shares during the period. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

QUOT has been the topic of several recent research reports. Rosenblatt Securities upgraded shares of Quotient Technology from a “neutral” rating to a “buy” rating and set a $3.50 target price on the stock in a research report on Wednesday. Craig Hallum lowered shares of Quotient Technology from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Finally, StockNews.com started coverage on shares of Quotient Technology in a report on Wednesday, October 12th. They set a “sell” rating for the company.

Quotient Technology Stock Performance

Quotient Technology stock opened at $3.59 on Friday. Quotient Technology Inc. has a 52-week low of $1.68 and a 52-week high of $7.92. The firm has a 50 day moving average price of $2.35 and a two-hundred day moving average price of $3.06. The firm has a market cap of $346.04 million, a price-to-earnings ratio of -4.08 and a beta of 0.88.

Quotient Technology (NYSE:QUOTGet Rating) last released its quarterly earnings data on Tuesday, August 9th. The technology company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.32). The company had revenue of $69.25 million during the quarter, compared to the consensus estimate of $75.61 million. Quotient Technology had a negative net margin of 23.03% and a negative return on equity of 41.11%.

Quotient Technology Profile

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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.

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

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