Emerald Acquisition Ltd. bought a new position in shares of Quotient Technology Inc. (NYSE:QUOT) during the second quarter, according to its most recent 13F filing with the SEC. The firm bought 60,293 shares of the company’s stock, valued at approximately $809,000. Emerald Acquisition Ltd. owned 0.07% of Quotient Technology at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bayesian Capital Management LP purchased a new position in Quotient Technology during the first quarter worth about $171,000. Palisade Capital Management LLC NJ bought a new stake in shares of Quotient Technology during the first quarter worth $652,000. Teachers Advisors Inc. raised its stake in shares of Quotient Technology by 67.0% in the first quarter. Teachers Advisors Inc. now owns 156,096 shares of the company’s stock worth $1,655,000 after buying an additional 62,638 shares in the last quarter. Suntrust Banks Inc. bought a new stake in shares of Quotient Technology during the second quarter worth $256,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Quotient Technology by 18.7% in the second quarter. Bank of New York Mellon Corp now owns 292,619 shares of the company’s stock worth $3,924,000 after buying an additional 46,082 shares in the last quarter. 74.62% of the stock is owned by hedge funds and other institutional investors.
Quotient Technology Inc. (NYSE:QUOT) traded down 0.83% on Thursday, reaching $12.02. 87,002 shares of the company’s stock traded hands. Quotient Technology Inc. has a 52-week low of $5.00 and a 52-week high of $14.36. The stock’s 50 day moving average is $13.05 and its 200 day moving average is $12.35. The firm’s market cap is $1.01 billion.
Quotient Technology (NYSE:QUOT) last issued its earnings results on Tuesday, August 2nd. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.03. The business earned $67.20 million during the quarter, compared to the consensus estimate of $63.52 million. Quotient Technology had a negative net margin of 9.68% and a negative return on equity of 7.52%. The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period last year, the business posted ($0.11) EPS. On average, equities research analysts predict that Quotient Technology Inc. will post $0.07 EPS for the current fiscal year.
QUOT has been the subject of several recent research reports. Zacks Investment Research raised shares of Quotient Technology from a “hold” rating to a “strong-buy” rating and set a $15.00 target price for the company in a research note on Tuesday, August 9th. Bank of America Corp. set a $15.00 price target on shares of Quotient Technology and gave the company a “hold” rating in a report on Wednesday, August 3rd. RBC Capital Markets restated a “hold” rating on shares of Quotient Technology in a report on Wednesday, August 3rd. Wedbush boosted their price target on shares of Quotient Technology from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Wednesday, August 3rd. Finally, Loop Capital started coverage on shares of Quotient Technology in a report on Wednesday, August 10th. They set a “buy” rating and a $16.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Quotient Technology currently has a consensus rating of “Buy” and a consensus price target of $14.00.
In related news, insider Connie Chen sold 3,464 shares of Quotient Technology stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $13.27, for a total transaction of $45,967.28. Following the transaction, the insider now owns 12,989 shares of the company’s stock, valued at approximately $172,364.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Steven R. Boal sold 20,000 shares of Quotient Technology stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $12.67, for a total transaction of $253,400.00. Following the transaction, the chief executive officer now directly owns 1,334,605 shares in the company, valued at approximately $16,909,445.35. The disclosure for this sale can be found here. 11.99% of the stock is currently owned by insiders.
Quotient Technology Company Profile
Quotient Technology Inc, formerly Coupons.com Incorporated, is a provider of digital promotions and media solutions. The Company connects consumer packaged goods (CPG) brands and retailers with shoppers by offering digital promotions and media to shoppers through mobile, Web and social channels. The Company’s platform is used by brands, as well as retailers in the grocery, drug, dollar, club and mass merchandise channels to engage shoppers at the critical moments when they are choosing what products to buy and where to shop.
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