Lyon Street Capital LLC lowered its holdings in Quotient Technology Inc. (NYSE:QUOT) by 37.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 498,526 shares of the technology company’s stock after selling 295,813 shares during the quarter. Quotient Technology accounts for about 3.0% of Lyon Street Capital LLC’s investment portfolio, making the stock its 9th largest position. Lyon Street Capital LLC owned about 0.54% of Quotient Technology worth $7,802,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in QUOT. Parametric Portfolio Associates LLC grew its holdings in Quotient Technology by 7.9% in the 1st quarter. Parametric Portfolio Associates LLC now owns 16,005 shares of the technology company’s stock valued at $153,000 after buying an additional 1,168 shares during the last quarter. Teachers Advisors LLC grew its holdings in Quotient Technology by 3.2% in the 1st quarter. Teachers Advisors LLC now owns 212,956 shares of the technology company’s stock valued at $2,034,000 after buying an additional 6,524 shares during the last quarter. Vanguard Group Inc. grew its holdings in Quotient Technology by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 5,310,581 shares of the technology company’s stock valued at $50,715,000 after buying an additional 333,983 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Quotient Technology by 5.8% in the 1st quarter. Geode Capital Management LLC now owns 540,254 shares of the technology company’s stock worth $5,159,000 after acquiring an additional 29,725 shares during the period. Finally, Morgan Stanley lifted its position in shares of Quotient Technology by 46.3% in the 1st quarter. Morgan Stanley now owns 299,377 shares of the technology company’s stock worth $2,859,000 after acquiring an additional 94,700 shares during the period. 72.26% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Quotient Technology Inc. (NYSE QUOT) remained flat at $$11.65 during mid-day trading on Wednesday. The company had a trading volume of 595,100 shares, compared to its average volume of 482,130. Quotient Technology Inc. has a 52-week low of $9.10 and a 52-week high of $17.85.
Quotient Technology (NYSE:QUOT) last posted its earnings results on Wednesday, November 1st. The technology company reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.10). The company had revenue of $81.95 million for the quarter, compared to the consensus estimate of $83.24 million. Quotient Technology had a negative return on equity of 4.96% and a negative net margin of 5.17%. Quotient Technology’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.13) EPS. equities analysts expect that Quotient Technology Inc. will post -0.14 earnings per share for the current year.
A number of analysts have commented on QUOT shares. BidaskClub downgraded Quotient Technology from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 18th. Dougherty & Co reiterated a “buy” rating and issued a $20.00 price objective (up previously from $16.00) on shares of Quotient Technology in a research report on Wednesday, October 4th. DA Davidson started coverage on Quotient Technology in a research report on Wednesday, September 13th. They issued a “buy” rating and a $18.00 price objective for the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $17.00 price objective on shares of Quotient Technology in a research report on Friday, September 1st. Finally, ValuEngine upgraded Quotient Technology from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $17.88.
In related news, insider Steven R. Boal sold 209,782 shares of the firm’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $16.98, for a total transaction of $3,562,098.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven R. Boal sold 80,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now 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. Insiders have sold a total of 946,783 shares of company stock valued at $15,808,792 in the last 90 days. 11.46% of the stock is owned by corporate insiders.
TRADEMARK VIOLATION WARNING: “Quotient Technology Inc. (QUOT) is Lyon Street Capital LLC’s 9th Largest Position” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and international trademark and copyright legislation. The legal version of this article can be read at https://www.dispatchtribunal.com/2017/12/06/quotient-technology-inc-quot-is-lyon-street-capital-llcs-9th-largest-position.html.
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.
Want to see what other hedge funds are holding QUOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quotient Technology Inc. (NYSE:QUOT).
Receive News & Ratings for Quotient Technology Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quotient Technology Inc. and related companies with MarketBeat.com's FREE daily email newsletter.