Quotient Technologies (NYSE:QUOT – Get Rating ) was the recipient of a sharp drop in short interest in December. As of December 15, short interest totaled 1.01 million shares, a decrease of 27.9% from 1.4 million shares on November 30. Based on an average volume of 991,700 shares, the current days-to-cover ratio is 1.0 days. About 1.2% of shares were shorted.
insiders place bets
In related news, Director Andrew J. Gessow purchased 10,000 shares of the company in trading on Wednesday, November 16th. These shares were purchased at an average price of $3.20 per share for a total value of $32,000.00. Following the acquisition, the directors now directly own 385,108 shares of the company, worth $1,232,345.60. The purchase was disclosed in a legal filing with the U.S. Securities and Exchange Commission, which can be accessed at this link. In other Quotient Technology news, director Andrew J. Gessow purchased 10,000 shares of the company’s stock in trading on Wednesday, November 16th. These shares were purchased at an average cost of $3.20 per share for a total transaction value of $32,000.00. Following the transaction, the directors now own 385,108 shares of the company, worth approximately $1,232,345.60. The transaction is disclosed in a legal filing with the U.S. Securities and Exchange Commission, available at this link. Additionally, President Scott David Raskin sold 25,831 shares of company stock in a trade dated Friday, November 18th. These shares sold at an average price of $3.11, for a total transaction value of $80,334.41. Following the transaction, the president now owns 1,167,587 shares of the company, worth $3,631,195.57. The disclosure for this sale can be found here. In total, insiders purchased 35,000 shares of the company’s stock worth $108,100 in the past 90 days. 12.51% of the shares are currently held by insiders.
Institutional Transactions in Quotient Technologies
Many big investors have bought and sold QUOT shares recently. Cannell Capital LLC purchased a new position in Quotient Technology stock during the first quarter, valued at approximately $16,414,000. Nomura Holdings increased its stake in Quotient Technology by 423.3% in the first quarter. Nomura Holdings now owns 2,689,390 shares of the tech company worth $17,623,000 after acquiring an additional 2,175,457 shares last quarter. Goldman Sachs Group Inc. increased its stake in Quotient Technology by 1,513.8% in the first quarter. Goldman Sachs now owns 1,754,462 shares of the technology company worth $11,194,000 after acquiring an additional 1,645,747 shares last quarter. Jacob Levy Equity Management bought a new position in Quotient Technology stock in the third quarter, valued at approximately $3,061,000. Finally, Jane Street Group LLC increased its stake in Quotient Technology by 158,706.0% during the second quarter. Jane Street Group LLC now owns 502,781 shares of the tech company worth $1,493,000 after acquiring an additional 503,098 shares last quarter. 76.56% of the shares are held by institutional investors.
Analyst Promotions and Demotions
Many brokerages have recently weighed in on QUOT. Rosenblatt Securities raised shares of Quotient Technology from a “neutral” rating to a “buy” rating and set a $3.50 price target on shares of Quotient Technology in a research report on Wednesday, November 9th. StockNews.com began coverage on shares of Quotient Technology in a research report on Wednesday, October 12th. They have a “sell” rating on the stock. Finally, Morgan Stanley cut their price target on Quotient Technology from $4.00 to $2.90 and set an “underweight” rating on the stock in a research note on Thursday, December 1st.
Quotient Technology Stock Performance
NYSE QUOT rose 32 cents to $3.43 during Friday’s trading session. 1,057,016 company shares were exchanged against an average volume of 1,049,844 shares. The company’s 50-day moving average is $2.99 and its 200-day moving average is $2.73. Quotient Technology had a one-year low of $1.68 and a one-year high of $7.92. The company has a market capitalization of $331.68 million, a P/E ratio of -3.90, and a beta of 0.96.
About Quotient Technology
Quotient Technology Inc operates as a digital media and promotional technology company, providing brands and retailers with powerful integrated digital media and promotional programs. The company’s Quotient Promotions platform offers digital paperless, print promotions and cash back, including the Coupons.com website and mobile application; brand and retailer websites and mobile applications; and third-party distribution websites and mobile applications.
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