Wetherby Asset Management Inc Lowers stake in Quotient Technology Inc (QUOT)

Quotient Technology Inc (QUOT) : Wetherby Asset Management Inc reduced its stake in Quotient Technology Inc by 6.86% during the most recent quarter end. The investment management company now holds a total of 269,511 shares of Quotient Technology Inc which is valued at $3,703,081 after selling 19,850 shares in Quotient Technology Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Quotient Technology Inc makes up approximately 0.79% of Wetherby Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Blackrock Group Ltd boosted its stake in QUOT in the latest quarter, The investment management firm added 3,189 additional shares and now holds a total of 33,816 shares of Quotient Technology Inc which is valued at $464,632. Mufg Americas Holdings Corp added QUOT to its portfolio by purchasing 649 company shares during the most recent quarter which is valued at $9,021.Eam Investors reduced its stake in QUOT by selling 4,605 shares or 5.42% in the most recent quarter. The Hedge Fund company now holds 80,420 shares of QUOT which is valued at $1,071,194. Quotient Technology Inc makes up approx 0.15% of Eam Investors’s portfolio. Cutler Group Lp added QUOT to its portfolio by purchasing 8,069 company shares during the most recent quarter which is valued at $107,883. Quotient Technology Inc makes up approx 0.01% of Cutler Group Lp’s portfolio.

On the company’s financial health, Quotient Technology Inc reported $-0.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $-0.01. The company had revenue of $67.20 million for the quarter, compared to analysts expectations of $63.52 million. The company’s revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.11 EPS.

Many Wall Street Analysts have commented on Quotient Technology Inc. Loop Capital Initiated Quotient Technology Inc on Aug 11, 2016 to “Buy”, Price Target of the shares are set at $16.Company shares were Reiterated by Wedbush on Aug 3, 2016 to “Outperform”, Firm has raised the Price Target to $ 16 from a previous price target of $15 .Quotient Technology Inc was Initiated by Maxim Group to “Hold” on Jun 16, 2016.

Quotient Technology Inc. formerly Coupons.com Incorporated operates a digital promotion platform that connects brands and retailers with consumers. The Company has over 2000 brands from around 700 consumer packaged goods companies (CPGs) and other grocery drug and mass merchandise retailers use its promotion platform to engage consumers at the moments when they are choosing which products they will buy and where they will shop. It delivers digital coupons to consumers including coupons and coupon codes and display advertising through its platform that includes its Web mobile and social channels. It also delivers coupons to CPGs retailers and its network of various third-party Websites or publishers that displays its coupon and advertising offerings on their Websites. Through its Campaign iQ product CPGs tracks and analyzes activations redemption rates and volumes distribution methods buying rates aggregated buyer demographics and campaign effectiveness statistics.

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