Traders Buy Large Volume of Quotient Technology Put Options (NYSE:QUOT)

Quotient Technology Inc. (NYSE:QUOT) saw some unusual options trading on Friday. Stock investors bought 1,000 put options on the company. This represents an increase of Infinity compared to the typical daily volume of 0 put options.

Several research firms recently issued reports on QUOT. Bank of America reiterated a “neutral” rating and set a $20.00 target price (up previously from $15.00) on shares of Quotient Technology in a report on Tuesday, October 10th. First Analysis began coverage on Quotient Technology in a report on Monday, October 9th. They set an “overweight” rating and a $21.00 target price on the stock. Dougherty & Co reiterated a “buy” rating and set a $20.00 target price (up previously from $16.00) on shares of Quotient Technology in a report on Wednesday, October 4th. BidaskClub lowered Quotient Technology from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 18th. Finally, DA Davidson began coverage on Quotient Technology in a research report on Wednesday, September 13th. They set a “buy” rating and a $18.00 price target on the stock. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $17.88.

Shares of Quotient Technology (NYSE QUOT) remained flat at $$11.65 during midday trading on Tuesday. The company had a trading volume of 595,175 shares, compared to its average volume of 482,130. Quotient Technology has a fifty-two week low of $9.10 and a fifty-two week high of $17.85.

Quotient Technology (NYSE:QUOT) last announced its quarterly earnings results on Wednesday, November 1st. The technology company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.10). Quotient Technology had a negative return on equity of 4.96% and a negative net margin of 5.17%. The business had revenue of $81.95 million for the quarter, compared to analyst estimates of $83.24 million. During the same period last year, the firm earned ($0.13) EPS. Quotient Technology’s quarterly revenue was up 23.3% compared to the same quarter last year. equities research analysts anticipate that Quotient Technology will post -0.14 earnings per share for the current fiscal year.

In related news, Director David E. Siminoff sold 8,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $15.52, for a total transaction of $124,160.00. Following the sale, the director now owns 3,000 shares in the company, valued at $46,560. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew J. Gessow bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were bought at an average price of $12.25 per share, for a total transaction of $61,250.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 1,044,936 shares of company stock worth $17,278,142. Corporate insiders own 11.46% of the company’s stock.

Several institutional investors have recently bought and sold shares of QUOT. Senvest Management LLC acquired a new position in shares of Quotient Technology in the second quarter valued at approximately $30,620,000. Teachers Advisors LLC grew its position in shares of Quotient Technology by 258.2% in the second quarter. Teachers Advisors LLC now owns 762,904 shares of the technology company’s stock valued at $8,773,000 after purchasing an additional 549,948 shares during the last quarter. Lyon Street Capital LLC grew its position in shares of Quotient Technology by 109.1% in the second 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 during the last quarter. Vanguard Group Inc. grew its position in shares of Quotient Technology by 7.1% in the second quarter. Vanguard Group Inc. now owns 5,688,612 shares of the technology company’s stock valued at $65,419,000 after purchasing an additional 378,031 shares during the last quarter. Finally, American Century Companies Inc. acquired a new position in shares of Quotient Technology in the third quarter valued at approximately $3,958,000. 72.26% of the stock is currently owned by institutional investors.

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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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