Ameriprise Financial Inc. bought a new position in Quotient Technology Inc (NYSE:QUOT) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 84,706 shares of the technology company’s stock, valued at approximately $1,325,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Senvest Management LLC purchased a new position in Quotient Technology during the second quarter valued at approximately $30,620,000. Schwab Charles Investment Management Inc. grew its stake in Quotient Technology by 8.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 319,259 shares of the technology company’s stock worth $3,672,000 after buying an additional 23,522 shares in the last quarter. Concourse Capital Management LLC grew its stake in Quotient Technology by 213.1% in the 2nd quarter. Concourse Capital Management LLC now owns 87,984 shares of the technology company’s stock worth $1,012,000 after buying an additional 59,884 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in Quotient Technology by 18.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 328,709 shares of the technology company’s stock worth $3,780,000 after buying an additional 52,332 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Quotient Technology by 9.6% in the 2nd quarter. Northern Trust Corp now owns 1,007,786 shares of the technology company’s stock worth $11,590,000 after buying an additional 88,652 shares in the last quarter. Hedge funds and other institutional investors own 72.24% of the company’s stock.
In other Quotient Technology news, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Andrew J. Gessow bought 5,000 shares of the stock in a transaction on Thursday, November 16th. The shares were bought at an average price of $12.25 per share, for a total transaction of $61,250.00. The disclosure for this purchase can be found here. Insiders sold a total of 366,984 shares of company stock worth $6,216,724 over the last ninety days. Insiders own 11.46% of the company’s stock.
Quotient Technology (NYSE:QUOT) last released its earnings results on Wednesday, November 1st. The technology company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.10). The business had revenue of $81.95 million during the quarter, compared to analysts’ expectations of $83.24 million. Quotient Technology had a negative return on equity of 4.96% and a negative net margin of 5.17%. The firm’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.13) earnings per share. analysts anticipate that Quotient Technology Inc will post -0.22 EPS for the current year.
QUOT has been the subject of a number of recent research reports. DA Davidson initiated coverage on shares of Quotient Technology in a report on Wednesday, September 13th. They issued a “buy” rating and a $18.00 price objective for the company. BidaskClub upgraded shares of Quotient Technology from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 16th. Dougherty & Co restated a “buy” rating and issued a $20.00 price objective (up from $16.00) on shares of Quotient Technology in a report on Wednesday, October 4th. First Analysis initiated coverage on shares of Quotient Technology in a report on Monday, October 9th. They set an “overweight” rating and a $21.00 price target for the company. Finally, Bank of America reissued a “neutral” rating and set a $20.00 price objective (up from $15.00) on shares of Quotient Technology in a research report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. Quotient Technology currently has a consensus rating of “Hold” and an average price target of $18.14.
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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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