Should You Consider Selling Quotient Technology (QUOT)?

Bernzott Capital Advisors, an investment management firm, published its “US Small Cap Value Fund” fourth-quarter 2022 investor letter, a copy of which can be downloaded here. In the fourth quarter, the fund delivered a 10.36% net return compared to an 8.42% return for the Russell 2000 Value Index and a 9.21% return for the Russell 2500 Value Index. Health Care was the significant contributor to the fund’s performance in the quarter, while Materials detracted from the performance. In addition, please check the fund’s top five holdings to know its best picks in 2022.

 Bernzott Capital Advisors highlighted stocks like Quotient Technology Inc. (NYSE:QUOT) in the Q4 2022 investor letter. Based in Salt Lake City, Utah, Quotient Technology Inc. (NYSE:QUOT) is a digital media and promotions technology company. On January 23, 2023, Quotient Technology Inc. (NYSE:QUOT) stock closed at $3.5800 per share. One-month return of Quotient Technology Inc. (NYSE:QUOT) was 16.61%, and its shares lost 48.64% of their value over the last 52 weeks. Quotient Technology Inc. (NYSE:QUOT) has a market capitalization of $346.185 million.

Bernzott Capital Advisors made the following comment about Quotient Technology Inc. (NYSE:QUOT) in its Q4 2022 investor letter:

“Quotient Technology Inc. (NYSE:QUOT): Execution missteps, including a significant customer loss and an uneven product transition, as well as management changes, have hindered the company’s efforts to capture the promise of the shift from paper to digital coupons on a reasonable timeframe. Thus, we exited the position.”

Quotient Technology Inc. (NYSE:QUOT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 17 hedge fund portfolios held Quotient Technology Inc. (NYSE:QUOT) at the end of the third quarter which was 21 in the previous quarter.

We discussed Quotient Technology Inc. (NYSE:QUOT) in another article and shared Bernzott Capital Advisors’ views on the company. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.