Quotient Technology Inc (NYSE:QUOT) Sees Significant Drop in Short Interest

Quotient Technology Inc (NYSE:QUOT) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 3,110,000 shares, a decrease of 9.1% from the September 30th total of 3,420,000 shares. Currently, 4.3% of the shares of the company are sold short. Based on an average daily volume of 582,900 shares, the short-interest ratio is presently 5.3 days.

QUOT has been the subject of several recent research reports. Oppenheimer set a $10.00 price objective on Quotient Technology and gave the company a “buy” rating in a research note on Monday, August 12th. Zacks Investment Research raised Quotient Technology from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th. ValuEngine raised Quotient Technology from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Bank of America downgraded Quotient Technology from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $17.00 to $10.00 in a research note on Wednesday, August 7th. Finally, Dougherty & Co raised Quotient Technology from a “neutral” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Monday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $12.65.

In other Quotient Technology news, Director Andrew J. Gessow bought 5,000 shares of Quotient Technology stock in a transaction dated Wednesday, November 13th. The stock was acquired at an average cost of $10.50 per share, with a total value of $52,500.00. Following the purchase, the director now directly owns 16,619 shares in the company, valued at approximately $174,499.50. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Jason Young sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $8.16, for a total value of $61,200.00. Following the transaction, the insider now directly owns 174,916 shares of the company’s stock, valued at $1,427,314.56. The disclosure for this sale can be found here. Corporate insiders own 10.00% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Aperio Group LLC acquired a new stake in shares of Quotient Technology in the 2nd quarter worth $49,000. Bank of Montreal Can acquired a new stake in shares of Quotient Technology in the 2nd quarter worth $71,000. Advisor Group Inc. increased its stake in shares of Quotient Technology by 16.9% in the 2nd quarter. Advisor Group Inc. now owns 6,704 shares of the technology company’s stock worth $72,000 after acquiring an additional 967 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Quotient Technology in the 1st quarter worth $95,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Quotient Technology in the 2nd quarter worth $108,000. 71.91% of the stock is owned by institutional investors and hedge funds.

Shares of QUOT opened at $10.86 on Tuesday. Quotient Technology has a 52-week low of $6.92 and a 52-week high of $12.88. The company has a market capitalization of $964.64 million, a PE ratio of -45.25 and a beta of 0.01. The stock has a fifty day simple moving average of $8.77 and a two-hundred day simple moving average of $9.43. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 0.57.

Quotient Technology (NYSE:QUOT) last issued its earnings results on Wednesday, November 6th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01. Quotient Technology had a negative return on equity of 8.79% and a negative net margin of 7.53%. The business had revenue of $114.83 million during the quarter, compared to the consensus estimate of $109.73 million. During the same period last year, the company earned ($0.08) EPS. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, equities analysts anticipate that Quotient Technology will post -0.45 earnings per share for the current fiscal year.

About Quotient Technology

Quotient Technology Inc, a digital marketing company, provides technology and services that offers integrated digital promotions and media programs for consumer packaged goods (CPGs) brands and retailers. The company offers programs across its network, including its flagship consumer brand Coupons.com and retail partners' properties.

Further Reading: What is the Fibonacci sequence?

Receive News & Ratings for Quotient Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quotient Technology and related companies with MarketBeat.com's FREE daily email newsletter.