Bamco Inc. NY Has $3.37 Million Stake in Quotient Technology Inc. (QUOT)
Bamco Inc. NY raised its holdings in shares of Quotient Technology Inc. (NYSE:QUOT) by 7.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 215,000 shares of the technology company’s stock after acquiring an additional 15,000 shares during the quarter. Bamco Inc. NY owned approximately 0.23% of Quotient Technology worth $3,365,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Wrapmanager Inc. lifted its holdings in shares of Quotient Technology by 3.8% in the 2nd quarter. Wrapmanager Inc. now owns 16,838 shares of the technology company’s stock valued at $194,000 after purchasing an additional 609 shares during the last quarter. Suntrust Banks Inc. lifted its holdings in shares of Quotient Technology by 6.5% in the 2nd quarter. Suntrust Banks Inc. now owns 28,220 shares of the technology company’s stock valued at $323,000 after purchasing an additional 1,710 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Quotient Technology by 12.1% in the 2nd quarter. Legal & General Group Plc now owns 17,238 shares of the technology company’s stock valued at $198,000 after purchasing an additional 1,865 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Quotient Technology by 0.5% in the 2nd quarter. Sei Investments Co. now owns 383,579 shares of the technology company’s stock valued at $4,411,000 after purchasing an additional 1,870 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Quotient Technology by 15.3% in the 2nd quarter. Principal Financial Group Inc. now owns 14,274 shares of the technology company’s stock valued at $164,000 after purchasing an additional 1,889 shares during the last quarter. 72.26% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently weighed in on QUOT shares. BidaskClub raised Quotient Technology from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. ValuEngine raised Quotient Technology from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Royal Bank of Canada reissued a “buy” rating and issued a $17.00 target price on shares of Quotient Technology in a report on Friday, September 1st. DA Davidson started coverage on Quotient Technology in a report on Wednesday, September 13th. They issued a “buy” rating and a $18.00 target price for the company. Finally, Dougherty & Co reissued a “buy” rating and issued a $20.00 target price (up from $16.00) on shares of Quotient Technology in a report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $17.88.
In other Quotient Technology news, Director Andrew J. Gessow bought 5,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was acquired at an average cost of $12.25 per share, with a total value of $61,250.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Steven R. Boal sold 411,799 shares of the stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $16.78, for a total value of $6,909,987.22. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 866,783 shares of company stock valued at $14,527,992. 11.46% of the stock is owned by company insiders.
Quotient Technology Inc. (NYSE QUOT) traded up $0.20 on Friday, reaching $11.95. The company’s stock had a trading volume of 1,024,900 shares, compared to its average volume of 492,331. Quotient Technology Inc. has a 12-month low of $9.10 and a 12-month high of $17.85.
Quotient Technology (NYSE:QUOT) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.10). The company had revenue of $81.95 million for the quarter, compared to analysts’ expectations of $83.24 million. Quotient Technology had a negative net margin of 5.17% and a negative return on equity of 4.96%. The firm’s revenue was up 23.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.13) earnings per share. equities research analysts predict that Quotient Technology Inc. will post -0.14 earnings per share for the current year.
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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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