Schwab Charles Investment Management Inc. Acquires 23,522 Shares of Quotient Technology Inc. (QUOT)

Schwab Charles Investment Management Inc. increased its holdings in shares of Quotient Technology Inc. (NYSE:QUOT) by 8.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 319,259 shares of the technology company’s stock after acquiring an additional 23,522 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.35% of Quotient Technology worth $3,672,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nationwide Fund Advisors raised its stake in Quotient Technology by 4.0% during the first quarter. Nationwide Fund Advisors now owns 75,761 shares of the technology company’s stock worth $724,000 after purchasing an additional 2,940 shares during the period. Wells Fargo & Company MN raised its stake in Quotient Technology by 1.6% during the first quarter. Wells Fargo & Company MN now owns 49,331 shares of the technology company’s stock worth $472,000 after purchasing an additional 763 shares during the period. Swiss National Bank raised its stake in Quotient Technology by 4.3% during the first quarter. Swiss National Bank now owns 116,100 shares of the technology company’s stock worth $1,109,000 after purchasing an additional 4,800 shares during the period. Parametric Portfolio Associates LLC raised its stake in Quotient Technology by 7.9% during the first quarter. Parametric Portfolio Associates LLC now owns 16,005 shares of the technology company’s stock worth $153,000 after purchasing an additional 1,168 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in Quotient Technology by 0.3% during the first quarter. Envestnet Asset Management Inc. now owns 20,203 shares of the technology company’s stock worth $193,000 after purchasing an additional 63 shares during the period. Hedge funds and other institutional investors own 71.19% of the company’s stock.

Shares of Quotient Technology Inc. (QUOT) opened at 16.80 on Wednesday. The stock’s market capitalization is $1.55 billion. Quotient Technology Inc. has a 1-year low of $9.10 and a 1-year high of $17.85. The stock has a 50 day moving average of $16.02 and a 200-day moving average of $12.71.

Quotient Technology (NYSE:QUOT) last released its earnings results on Tuesday, August 1st. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. Quotient Technology had a negative net margin of 5.61% and a negative return on equity of 2.92%. The business had revenue of $74.49 million for the quarter, compared to analysts’ expectations of $73.72 million. During the same period last year, the company earned ($0.04) earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. Equities research analysts predict that Quotient Technology Inc. will post $0.24 earnings per share for the current fiscal year.

In related news, Chairman Steven R. Boal sold 80,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $15.94, for a total value of $1,275,200.00. Following the sale, the chairman now directly owns 408,823 shares of the company’s stock, valued at $6,516,638.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David E. Siminoff sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $11.54, for a total transaction of $92,320.00. Following the completion of the sale, the director now directly owns 3,000 shares in the company, valued at $34,620. The disclosure for this sale can be found here. Insiders sold 1,055,523 shares of company stock worth $16,199,995 over the last three months. Corporate insiders own 11.99% of the company’s stock.

QUOT has been the topic of a number of analyst reports. BidaskClub downgraded shares of Quotient Technology from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Wedbush reaffirmed an “ourperform” rating and set a $16.00 target price on shares of Quotient Technology in a research note on Monday, July 31st. TheStreet raised shares of Quotient Technology from a “d+” rating to a “c-” rating in a research note on Tuesday, August 1st. ValuEngine raised shares of Quotient Technology from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $17.00 target price on shares of Quotient Technology in a research note on Friday, September 1st. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $17.88.

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About Quotient Technology

Quotient Technology Inc is a provider of digital platform that enables consumer packaged goods (CPG) brands and retailers to engage shoppers through personalized and targeted promotions and media. Through the Company’s platform, CPGs and retailers are able to use online and in-store point-of-sale (POS) shopper data and analytics.

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

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