Osterweis Capital Management Inc. acquired a new stake in shares of Quotient Technology Inc. (NYSE:QUOT) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 133,905 shares of the technology company’s stock, valued at approximately $1,540,000. Osterweis Capital Management Inc. owned about 0.14% of Quotient Technology as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. State Street Corp raised its stake in shares of Quotient Technology by 13.0% during the 2nd quarter. State Street Corp now owns 1,318,689 shares of the technology company’s stock valued at $15,165,000 after buying an additional 151,433 shares during the last quarter. Lyon Street Capital LLC increased its stake in shares of Quotient Technology by 109.1% in the 2nd quarter. Lyon Street Capital LLC now owns 794,339 shares of the technology company’s stock valued at $9,135,000 after purchasing an additional 414,400 shares in the last quarter. AHL Partners LLP purchased a new position in shares of Quotient Technology in the 2nd quarter valued at about $257,000. Balyasny Asset Management LLC purchased a new position in shares of Quotient Technology in the 2nd quarter valued at about $184,000. Finally, Bamco Inc. NY increased its stake in shares of Quotient Technology by 73.9% in the 2nd quarter. Bamco Inc. NY now owns 200,000 shares of the technology company’s stock valued at $2,300,000 after purchasing an additional 85,000 shares in the last quarter. Institutional investors and hedge funds own 71.27% of the company’s stock.
Several equities analysts recently weighed in on QUOT shares. Dougherty & Co restated a “buy” rating and issued a $20.00 price target (up previously from $16.00) on shares of Quotient Technology in a research note on Wednesday, October 4th. DA Davidson started coverage on Quotient Technology in a research note on Wednesday, September 13th. They issued a “buy” rating and a $18.00 price target for the company. Royal Bank Of Canada restated a “buy” rating and issued a $17.00 price target on shares of Quotient Technology in a research note on Friday, September 1st. BidaskClub upgraded Quotient Technology from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Finally, TheStreet upgraded Quotient Technology from a “d+” rating to a “c-” rating in a research note on Tuesday, August 1st. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $17.00.
In related news, Director Dawn G. Lepore sold 4,800 shares of the firm’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $12.01, for a total value of $57,648.00. Following the completion of the sale, the director now owns 100,797 shares in the company, valued at $1,210,571.97. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Steven R. Boal sold 411,799 shares of the stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $16.78, for a total transaction of $6,909,987.22. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,095,523 shares of company stock valued at $16,668,395. 11.99% of the stock is owned by insiders.
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Shares of Quotient Technology Inc. (QUOT) traded down 0.718% during trading on Monday, hitting $17.275. The company had a trading volume of 48,801 shares. Quotient Technology Inc. has a 52-week low of $9.10 and a 52-week high of $17.45. The firm’s market capitalization is $1.60 billion. The stock’s 50-day moving average is $15.53 and its 200 day moving average is $12.41.
Quotient Technology (NYSE:QUOT) last announced its quarterly earnings data on Tuesday, August 1st. The technology company reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.03. The firm had revenue of $74.49 million during the quarter, compared to the consensus estimate of $73.72 million. Quotient Technology had a negative net margin of 5.61% and a negative return on equity of 2.92%. The firm’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.04) earnings per share. Equities research analysts predict that Quotient Technology Inc. will post $0.24 earnings per share for the current fiscal year.
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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