Quotient Technology Sees Unusually High Options Volume (QUOT)

Quotient Technology Inc (NYSE:QUOT) saw some unusual options trading activity on Wednesday. Investors bought 730 put options on the company. This represents an increase of 1,304% compared to the typical daily volume of 52 put options.

In other Quotient Technology news, Director Andrew J. Gessow purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were bought at an average cost of $12.25 per share, for a total transaction of $61,250.00. The purchase was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 11.46% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Royce & Associates LP increased its holdings in Quotient Technology by 129.2% during the 4th quarter. Royce & Associates LP now owns 369,000 shares of the technology company’s stock worth $4,336,000 after acquiring an additional 208,000 shares during the period. BlackRock Inc. increased its holdings in shares of Quotient Technology by 1.4% in the 4th quarter. BlackRock Inc. now owns 4,613,919 shares of the technology company’s stock worth $54,214,000 after buying an additional 63,949 shares during the last quarter. Capital Fund Management S.A. bought a new position in shares of Quotient Technology in the 4th quarter worth $140,000. Wells Fargo & Company MN increased its holdings in shares of Quotient Technology by 48.8% in the 4th quarter. Wells Fargo & Company MN now owns 116,542 shares of the technology company’s stock worth $1,369,000 after buying an additional 38,196 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Quotient Technology by 29.1% in the 4th quarter. First Trust Advisors LP now owns 108,777 shares of the technology company’s stock worth $1,278,000 after buying an additional 24,488 shares during the last quarter. 72.53% of the stock is currently owned by institutional investors and hedge funds.

QUOT has been the topic of a number of recent research reports. BidaskClub cut shares of Quotient Technology from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 18th. ValuEngine cut shares of Quotient Technology from a “hold” rating to a “sell” rating in a research note on Thursday, November 30th. Finally, Zacks Investment Research cut shares of Quotient Technology from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. Quotient Technology presently has an average rating of “Hold” and an average price target of $18.14.

Shares of Quotient Technology (NYSE QUOT) opened at $10.50 on Friday. The firm has a market cap of $974.24, a P/E ratio of -61.76, a P/E/G ratio of 4.86 and a beta of -0.12. Quotient Technology has a twelve month low of $9.10 and a twelve month high of $17.85.

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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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