Quotient Technology Inc (NYSE:QUOT) Shares Bought by Envestnet Asset Management Inc.

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Envestnet Asset Management Inc. grew its stake in shares of Quotient Technology Inc (NYSE:QUOT) by 7.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 94,972 shares of the technology company’s stock after purchasing an additional 6,919 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.11% of Quotient Technology worth $695,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Quotient Technology by 2.6% during the first quarter. BlackRock Inc. now owns 5,733,219 shares of the technology company’s stock worth $37,267,000 after acquiring an additional 147,672 shares during the last quarter. Trigran Investments Inc. grew its position in shares of Quotient Technology by 63.5% during the first quarter. Trigran Investments Inc. now owns 5,400,174 shares of the technology company’s stock worth $35,101,000 after acquiring an additional 2,098,091 shares during the last quarter. Bernzott Capital Advisors grew its position in shares of Quotient Technology by 0.9% during the first quarter. Bernzott Capital Advisors now owns 2,827,623 shares of the technology company’s stock worth $18,380,000 after acquiring an additional 24,135 shares during the last quarter. Cowen Prime Services LLC grew its position in Quotient Technology by 29.1% in the 1st quarter. Cowen Prime Services LLC now owns 2,575,924 shares of the technology company’s stock valued at $16,744,000 after buying an additional 580,800 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Quotient Technology by 6.0% in the 1st quarter. Geode Capital Management LLC now owns 1,052,088 shares of the technology company’s stock valued at $6,838,000 after buying an additional 59,797 shares during the last quarter. 70.40% of the stock is currently owned by institutional investors.

In other Quotient Technology news, insider Connie L. Chen sold 9,366 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $6.85, for a total value of $64,157.10. Following the completion of the transaction, the insider now owns 316,020 shares in the company, valued at approximately $2,164,737. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mckenna Michelle sold 8,310 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $7.37, for a total value of $61,244.70. Following the completion of the transaction, the director now owns 70,184 shares of the company’s stock, valued at approximately $517,256.08. The disclosure for this sale can be found here. Insiders have sold a total of 19,228 shares of company stock valued at $137,368 in the last quarter. Company insiders own 10.00% of the company’s stock.

A number of research firms recently weighed in on QUOT. Royal Bank of Canada reiterated a “hold” rating and issued a $8.00 price objective on shares of Quotient Technology in a research report on Wednesday, May 6th. DA Davidson decreased their target price on shares of Quotient Technology from $15.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Zacks Investment Research lowered shares of Quotient Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Finally, Oppenheimer restated a “buy” rating and set a $8.00 target price on shares of Quotient Technology in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $10.78.

NYSE QUOT opened at $8.01 on Friday. Quotient Technology Inc has a 12 month low of $4.55 and a 12 month high of $11.42. The company has a 50-day moving average of $7.50 and a 200-day moving average of $7.71. The company has a debt-to-equity ratio of 0.62, a current ratio of 4.15 and a quick ratio of 4.15. The company has a market cap of $720.50 million, a P/E ratio of -17.41 and a beta of 0.68.

Quotient Technology (NYSE:QUOT) last issued its earnings results on Tuesday, May 5th. The technology company reported ($0.19) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.22) by $0.03. Quotient Technology had a negative return on equity of 14.16% and a negative net margin of 9.28%. The business had revenue of $98.79 million during the quarter, compared to analysts’ expectations of $104.53 million. As a group, equities research analysts anticipate that Quotient Technology Inc will post -0.51 EPS for the current year.

About Quotient Technology

Quotient Technology Inc, a digital marketing company, provides technology and services that offers integrated digital promotions and media programs for consumer packaged goods (CPGs) brands and retailers. The company offers programs across its network, including its flagship consumer brand Coupons.com and retail partners' properties.

Further Reading: Oversold

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

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