Quotient Technology Inc. (NYSE:QUOT) was the target of a significant growth in short interest in November. As of November 30th, there was short interest totalling 5,623,027 shares, a growth of 58.8% from the November 15th total of 3,540,504 shares. Based on an average daily trading volume, of 836,082 shares, the days-to-cover ratio is presently 6.7 days. Currently, 7.3% of the company’s stock are sold short.

Quotient Technology (QUOT) opened at $11.80 on Tuesday. Quotient Technology has a 1-year low of $9.10 and a 1-year high of $17.85.

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

In other news, insider Steven R. Boal sold 411,799 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $16.78, for a total transaction of $6,909,987.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Steven R. Boal sold 209,782 shares of the firm’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $16.98, for a total transaction of $3,562,098.36. The disclosure for this sale can be found here. Insiders have sold 866,783 shares of company stock valued at $14,527,992 in the last three months. Corporate insiders own 11.46% of the company’s stock.

A number of hedge funds have recently bought and sold shares of QUOT. Morgan Stanley lifted its stake in Quotient Technology by 46.3% in the first quarter. Morgan Stanley now owns 299,377 shares of the technology company’s stock valued at $2,859,000 after buying an additional 94,700 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Quotient Technology by 7.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 295,737 shares of the technology company’s stock valued at $2,825,000 after buying an additional 20,402 shares during the last quarter. TD Asset Management Inc. lifted its stake in Quotient Technology by 6.8% in the second quarter. TD Asset Management Inc. now owns 37,698 shares of the technology company’s stock valued at $434,000 after buying an additional 2,400 shares during the last quarter. Rhumbline Advisers lifted its stake in Quotient Technology by 15.0% in the second quarter. Rhumbline Advisers now owns 82,906 shares of the technology company’s stock valued at $953,000 after buying an additional 10,795 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Quotient Technology by 10.8% in the second quarter. Bank of New York Mellon Corp now owns 423,421 shares of the technology company’s stock valued at $4,868,000 after buying an additional 41,328 shares during the last quarter. Institutional investors own 72.26% of the company’s stock.

A number of equities analysts have commented on the stock. Bank of America reaffirmed a “neutral” rating and issued a $20.00 price objective (up previously from $15.00) on shares of Quotient Technology in a report on Tuesday, October 10th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Quotient Technology in a report on Friday, September 1st. DA Davidson assumed coverage on shares of Quotient Technology in a report on Wednesday, September 13th. They issued a “buy” rating and a $18.00 price objective for the company. BidaskClub downgraded shares of Quotient Technology from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Finally, ValuEngine downgraded shares of Quotient Technology from a “hold” rating to a “sell” rating in a report on Thursday, November 30th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $17.88.

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Quotient Technology Company Profile

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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