EAM Investors LLC Invests $2.22 Million in Quotient Technology Inc. (QUOT) Stock
EAM Investors LLC acquired a new stake in Quotient Technology Inc. (NYSE:QUOT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 141,886 shares of the technology company’s stock, valued at approximately $2,221,000. EAM Investors LLC owned about 0.15% of Quotient Technology at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Marshall Wace North America L.P. increased its holdings in shares of Quotient Technology by 1,172.4% during the 2nd quarter. Marshall Wace North America L.P. now owns 219,267 shares of the technology company’s stock worth $2,632,000 after buying an additional 202,034 shares during the last quarter. Senvest Management LLC acquired a new stake in Quotient Technology in the 2nd quarter valued at approximately $30,620,000. Schwab Charles Investment Management Inc. increased its holdings 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 valued at $3,672,000 after purchasing an additional 23,522 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings 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 valued at $3,780,000 after purchasing an additional 52,332 shares during the last quarter. Finally, Concourse Capital Management LLC increased its holdings 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 valued at $1,012,000 after purchasing an additional 59,884 shares during the last quarter. Institutional investors and hedge funds own 72.89% of the company’s stock.
In other Quotient Technology news, insider Steven R. Boal sold 411,799 shares of Quotient Technology stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $16.78, for a total value of $6,909,987.22. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Andrew J. Gessow acquired 5,000 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was acquired 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. Over the last ninety days, insiders have sold 1,174,783 shares of company stock valued at $19,203,133. Corporate insiders own 11.99% of the company’s stock.
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QUOT has been the subject of several research reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $17.00 target price on shares of Quotient Technology in a report on Friday, September 1st. 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 target price for the company. BidaskClub downgraded shares of Quotient Technology from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Bank of America Corporation reissued a “neutral” rating and issued a $20.00 price target (up previously from $15.00) on shares of Quotient Technology in a research report on Tuesday, October 10th. Finally, Dougherty & Co reissued a “buy” rating and issued a $20.00 price target (up previously from $16.00) on shares of Quotient Technology in a research report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $17.88.
Quotient Technology Inc. (QUOT) traded down $0.05 during trading on Friday, hitting $12.15. 429,100 shares of the stock traded hands, compared to its average volume of 477,981. Quotient Technology Inc. has a 1-year low of $9.10 and a 1-year high of $17.85.
Quotient Technology (NYSE:QUOT) last released its quarterly earnings data on Wednesday, November 1st. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.10). The firm had revenue of $81.95 million for 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%. Quotient Technology’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same period last year, the firm posted ($0.13) earnings per share. research analysts anticipate that Quotient Technology Inc. will post -0.14 earnings per share for the current year.
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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