Advantage Solutions (NASDAQ:ADV) Trading Down 3.4%

Advantage Solutions Inc. (NASDAQ:ADV) traded down 3.4% during mid-day trading on Wednesday . The company traded as low as $4.28 and last traded at $4.28. 247,395 shares were traded during trading, a decline of 58% from the average session volume of 585,936 shares. The stock had previously closed at $4.43.

Analyst Upgrades and Downgrades

ADV has been the subject of several research reports. Canaccord Genuity Group initiated coverage on shares of Advantage Solutions in a report on Wednesday, December 6th. They issued a “buy” rating and a $4.00 target price for the company. TheStreet upgraded shares of Advantage Solutions from a “d” rating to a “c-” rating in a report on Thursday, February 29th. Finally, Canaccord Genuity Group initiated coverage on shares of Advantage Solutions in a research report on Wednesday, December 6th. They issued a “buy” rating for the company. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $3.43.

Advantage Solutions Price Performance

The company’s 50-day simple moving average is $3.98 and its 200 day simple moving average is $3.33. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.87 and a quick ratio of 1.87.

Advantage Solutions (NASDAQ:ADV) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.08). The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Advantage Solutions had a negative return on equity of 4.51% and a negative net margin of 1.35%. As a group, equities analysts forecast that Advantage Solutions Inc. will post 0.47 EPS for the current fiscal year.

Insider Transactions at Advantage Solutions

In related news, COO Jack Anthony Pestello purchased 10,000 shares of Advantage Solutions stock in a transaction that occurred on Monday, March 11th. The stock was purchased at an average cost of $3.87 per share, with a total value of $38,700.00. Following the completion of the transaction, the chief operating officer now directly owns 146,279 shares in the company, valued at $566,099.73. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.50% of the company’s stock.

Institutional Investors Weigh In On Advantage Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Quadrature Capital Ltd purchased a new stake in Advantage Solutions in the fourth quarter valued at $55,000. Vanguard Group Inc. increased its stake in Advantage Solutions by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 8,272,593 shares of the company’s stock valued at $29,947,000 after purchasing an additional 44,116 shares during the period. Barclays PLC increased its stake in Advantage Solutions by 219.8% in the fourth quarter. Barclays PLC now owns 138,373 shares of the company’s stock valued at $501,000 after purchasing an additional 95,111 shares during the period. Vident Advisory LLC acquired a new position in Advantage Solutions in the fourth quarter valued at $453,000. Finally, Nuveen Asset Management LLC increased its stake in Advantage Solutions by 10.4% in the fourth quarter. Nuveen Asset Management LLC now owns 469,797 shares of the company’s stock valued at $1,683,000 after purchasing an additional 44,112 shares during the period. 49.82% of the stock is owned by hedge funds and other institutional investors.

Advantage Solutions Company Profile

Advantage Solutions Inc provides business solutions to consumer goods manufacturers and retailers in North America and internationally. It operates in two segments, Sales and Marketing. The Sales segment offers brand-centric services, such as headquarter relationship management; analytics, insights, and intelligence; and brand-centric merchandising services.