Schwab Charles Investment Management Inc. grew its position in Quotient Technology Inc. (NYSE:QUOT) by 8.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 319,259 shares of the technology company’s stock after acquiring an additional 23,522 shares during the period. Schwab Charles Investment Management Inc. owned about 0.35% of Quotient Technology worth $3,672,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Stoneridge Investment Partners LLC bought a new stake in shares of Quotient Technology during the 2nd quarter worth about $125,000. TD Asset Management Inc. boosted its holdings in Quotient Technology by 6.8% in the 2nd quarter. TD Asset Management Inc. now owns 37,698 shares of the technology company’s stock valued at $434,000 after purchasing an additional 2,400 shares during the period. Sei Investments Co. boosted its holdings in Quotient Technology by 0.5% in the 2nd quarter. Sei Investments Co. now owns 383,579 shares of the technology company’s stock valued at $4,411,000 after purchasing an additional 1,870 shares during the period. Lyon Street Capital LLC bought a new stake in Quotient Technology in the 1st quarter valued at about $3,628,000. Finally, Tudor Investment Corp ET AL bought a new stake in Quotient Technology in the 1st quarter valued at about $291,000. 71.19% of the stock is owned by institutional investors.
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A number of analysts have issued reports on the stock. Bank of America Corporation reissued a “neutral” rating and issued a $20.00 price objective (up previously from $15.00) on shares of Quotient Technology in a report on Tuesday, October 10th. First Analysis began coverage on shares of Quotient Technology in a research report on Monday, October 9th. They set an “overweight” rating and a $21.00 price objective for the company. Dougherty & Co reiterated a “buy” rating and set a $20.00 price objective (up from $16.00) on shares of Quotient Technology in a research report on Wednesday, October 4th. BidaskClub cut shares of Quotient Technology from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 18th. Finally, DA Davidson started coverage on shares of Quotient Technology in a research report on Wednesday, September 13th. They issued a “buy” rating and a $18.00 price target for the company. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $17.88.
Quotient Technology Inc. (NYSE:QUOT) opened at 15.90 on Friday. The company’s 50-day moving average is $16.33 and its 200 day moving average is $13.09. Quotient Technology Inc. has a 52 week low of $9.10 and a 52 week high of $17.85. The company’s market capitalization is $1.47 billion.
Quotient Technology (NYSE:QUOT) last announced its quarterly earnings results on Tuesday, August 1st. The technology company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.03. The firm had revenue of $74.49 million for the quarter, compared to analyst estimates of $73.72 million. Quotient Technology had a negative return on equity of 2.92% and a negative net margin of 5.61%. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.04) earnings per share. On average, analysts forecast that Quotient Technology Inc. will post $0.24 EPS for the current fiscal year.
In related news, Director David E. Siminoff sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $11.54, for a total transaction of $92,320.00. Following the sale, the director now owns 3,000 shares of the company’s stock, valued at $34,620. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Steven R. Boal sold 80,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $16.01, for a total value of $1,280,800.00. Following the completion of the sale, the insider now directly owns 488,823 shares of the company’s stock, valued at approximately $7,826,056.23. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,409,707 shares of company stock worth $22,234,911. 11.99% of the stock is owned by corporate insiders.
Quotient Technology Company Profile
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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