Advantage Solutions (NASDAQ:ADV) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of Advantage Solutions (NASDAQ:ADV) from a strong-buy rating to a hold rating in a report published on Saturday.

Other analysts also recently issued reports about the stock. Morgan Stanley set a $0.75 price target on shares of Advantage Solutions in a report on Tuesday. Canaccord Genuity Group decreased their price objective on shares of Advantage Solutions from $2.50 to $1.50 and set a “buy” rating for the company in a research report on Wednesday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Advantage Solutions in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Advantage Solutions has a consensus rating of “Hold” and a consensus price target of $1.13.

Advantage Solutions Trading Up 5.6%

Advantage Solutions stock opened at $0.64 on Friday. The company has a current ratio of 2.25, a quick ratio of 2.20 and a debt-to-equity ratio of 3.00. Advantage Solutions has a 12 month low of $0.49 and a 12 month high of $2.47. The stock’s 50 day simple moving average is $0.76 and its two-hundred day simple moving average is $1.15. The firm has a market cap of $208.81 million, a PE ratio of -0.91 and a beta of 2.28.

Advantage Solutions (NASDAQ:ADV) last issued its quarterly earnings data on Tuesday, March 3rd. The company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.60). The firm had revenue of $932.13 million for the quarter, compared to analyst estimates of $885.20 million. Advantage Solutions had a negative return on equity of 34.48% and a negative net margin of 6.43%. Analysts anticipate that Advantage Solutions will post -0.51 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. CastleKnight Management LP increased its holdings in Advantage Solutions by 18.1% in the 4th quarter. CastleKnight Management LP now owns 11,794,950 shares of the company’s stock worth $10,380,000 after acquiring an additional 1,806,891 shares in the last quarter. Stoic Point Capital Management LLC purchased a new position in Advantage Solutions during the fourth quarter valued at $1,375,000. Charles Schwab Investment Management Inc. lifted its holdings in Advantage Solutions by 37.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,761,016 shares of the company’s stock valued at $3,310,000 after purchasing an additional 1,024,633 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Advantage Solutions by 337.1% in the third quarter. Russell Investments Group Ltd. now owns 1,134,401 shares of the company’s stock valued at $1,736,000 after purchasing an additional 874,881 shares during the period. Finally, Millennium Management LLC grew its position in shares of Advantage Solutions by 71.7% in the third quarter. Millennium Management LLC now owns 1,973,940 shares of the company’s stock valued at $3,020,000 after purchasing an additional 824,239 shares during the period. Hedge funds and other institutional investors own 49.82% of the company’s stock.

About Advantage Solutions

Advantage Solutions is a leading sales and marketing agency that provides outsourced solutions to consumer packaged goods companies. The firm’s offerings include field sales execution, retail merchandising, in-store and shopper marketing, e-commerce activation and data-driven analytics. By deploying dedicated sales teams alongside proprietary technology, Advantage Solutions helps brands optimize shelf placement, ensure compliance with promotional programs and strengthen consumer engagement.

The company’s service portfolio spans field sales and marketing, retail execution, brand ambassador programs, digital and experiential promotions, and shopper insights.