Rehmann Capital Advisory Group bought a new stake in Quotient Technology Inc. (NYSE:QUOT) during the third quarter, according to its most recent filing with the SEC. The firm bought 16,958 shares of the technology company’s stock, valued at approximately $265,000.
A number of other large investors have also recently bought and sold shares of the stock. First Trust Advisors LP acquired a new position in Quotient Technology in the 3rd quarter valued at $1,319,000. Strs Ohio bought a new stake in Quotient Technology in the 3rd quarter valued at $2,174,000. California State Teachers Retirement System boosted its holdings in Quotient Technology by 3.4% in the 2nd quarter. California State Teachers Retirement System now owns 130,502 shares of the technology company’s stock valued at $1,501,000 after purchasing an additional 4,268 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Quotient Technology by 15.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 57,385 shares of the technology company’s stock valued at $660,000 after purchasing an additional 7,819 shares during the period. Finally, Osterweis Capital Management Inc. bought a new stake in Quotient Technology in the 2nd quarter valued at $1,540,000. Institutional investors and hedge funds own 71.39% of the company’s stock.
In related news, Director Dawn G. Lepore sold 14,924 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $12.92, for a total value of $192,818.08. Following the transaction, the director now directly owns 85,873 shares in the company, valued at $1,109,479.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Steven R. Boal sold 209,782 shares of the company’s stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $16.98, for a total transaction of $3,562,098.36. The disclosure for this sale can be found here. Insiders sold 1,401,707 shares of company stock worth $22,142,591 over the last 90 days. 11.99% of the stock is currently owned by corporate insiders.
Quotient Technology Inc. (NYSE QUOT) traded up 0.32% during trading on Tuesday, hitting $15.80. 24,186 shares of the stock were exchanged. Quotient Technology Inc. has a 52 week low of $9.10 and a 52 week high of $17.85. The stock’s market capitalization is $1.46 billion. The firm has a 50-day moving average of $16.39 and a 200-day moving average of $13.24.
Quotient Technology (NYSE:QUOT) last released its quarterly earnings results on Tuesday, August 1st. The technology company reported ($0.01) EPS for the quarter, beating 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 the consensus estimate of $73.72 million. During the same period in the prior year, the company posted ($0.04) earnings per share. Quotient Technology’s revenue was up 10.8% compared to the same quarter last year. Equities research analysts anticipate that Quotient Technology Inc. will post $0.24 earnings per share for the current fiscal year.
A number of analysts have weighed in on the stock. Bank of America Corporation reissued a “neutral” rating and issued a $20.00 price target (up from $15.00) on shares of Quotient Technology in a report on Tuesday, October 10th. BidaskClub downgraded shares of Quotient Technology from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Royal Bank Of Canada reissued a “buy” rating and issued a $17.00 price target on shares of Quotient Technology in a report on Friday, September 1st. DA Davidson assumed coverage on shares of Quotient Technology in a report on Wednesday, September 13th. They issued a “buy” rating and a $18.00 price target for the company. Finally, Wedbush reissued an “ourperform” rating and issued a $16.00 price target on shares of Quotient Technology in a report on Monday, July 31st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target 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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