Concourse Capital Management LLC raised its holdings in shares of Quotient Technology Inc. (NYSE:QUOT) by 213.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,984 shares of the technology company’s stock after acquiring an additional 59,884 shares during the quarter. Concourse Capital Management LLC owned about 0.10% of Quotient Technology worth $1,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of QUOT. BNP Paribas Arbitrage SA raised its holdings in Quotient Technology by 595.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,449 shares of the technology company’s stock valued at $109,000 after acquiring an additional 8,091 shares during the period. Airain ltd bought a new stake in Quotient Technology during the 1st quarter valued at $110,000. Koch Industries Inc. bought a new stake in Quotient Technology during the 1st quarter valued at $114,000. Principal Financial Group Inc. raised its holdings in Quotient Technology by 4.0% during the 1st quarter. Principal Financial Group Inc. now owns 12,385 shares of the technology company’s stock valued at $118,000 after acquiring an additional 474 shares during the period. Finally, Stoneridge Investment Partners LLC bought a new stake in Quotient Technology during the 2nd quarter valued at $125,000. 71.27% of the stock is currently owned by institutional investors and hedge funds.
In other Quotient Technology news, CEO Steven R. Boal sold 98,153 shares of Quotient Technology stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $14.97, for a total value of $1,469,350.41. Following the sale, the chief executive officer now directly owns 568,823 shares in the company, valued at approximately $8,515,280.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Steven R. Boal sold 160,000 shares of Quotient Technology stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $12.64, for a total transaction of $2,022,400.00. Following the completion of the sale, the chief executive officer now owns 968,823 shares in the company, valued at $12,245,922.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 563,724 shares of company stock worth $7,622,888. 11.99% of the stock is owned by corporate insiders.
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Quotient Technology Inc. (NYSE QUOT) traded down 1.55% on Friday, hitting $15.90. 315,457 shares of the stock traded hands. The company’s 50 day moving average price is $14.14 and its 200-day moving average price is $11.82. The stock’s market cap is $1.47 billion. Quotient Technology Inc. has a 52-week low of $9.10 and a 52-week high of $16.20.
Quotient Technology (NYSE:QUOT) last released its earnings results on Tuesday, August 1st. The technology company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $74.49 million for the quarter, compared to analysts’ expectations of $73.72 million. During the same quarter in the previous year, the company earned ($0.04) EPS. Quotient Technology’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, analysts forecast that Quotient Technology Inc. will post $0.24 earnings per share for the current fiscal year.
A number of brokerages have issued reports on QUOT. DA Davidson began coverage on shares of Quotient Technology in a report on Wednesday. They set a “buy” rating and a $18.00 target price on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $17.00 price target on shares of Quotient Technology in a report on Friday, September 1st. ValuEngine raised shares of Quotient Technology from a “sell” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub raised shares of Quotient Technology from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Finally, TheStreet raised shares of Quotient Technology from a “d+” rating to a “c-” rating in a report on Tuesday, August 1st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $15.86.
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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