Advantage Solutions (NASDAQ:ADV) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Advantage Solutions (NASDAQ:ADV) from a sell rating to a hold rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Other research analysts also recently issued research reports about the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Advantage Solutions in a report on Friday, October 30th. Morgan Stanley cut their price objective on shares of Advantage Solutions from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, August 6th. Finally, Zacks Research upgraded shares of Advantage Solutions from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $42.00.

Advantage Solutions Stock Performance

NASDAQ:ADV traded down $0.91 during trading hours on Friday, hitting $30.51. 64,162 shares of the company traded hands, compared to its average volume of 78,644. The stock has a market capitalization of $389.61 million, a price-to-earnings ratio of -1.23 and a beta of 2.21. Advantage Solutions has a twelve month low of $12.23 and a twelve month high of $47.45. The firm has a 50-day moving average of $30.87 and a 200 day moving average of $30.63. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 3.96.

Institutional Investors Weigh In On Advantage Solutions

A number of institutional investors have recently bought and sold shares of the business. State Street Corp bought a new stake in Advantage Solutions in the 2nd quarter valued at $3,913,000. Stoic Point Capital Management LLC lifted its holdings in shares of Advantage Solutions by 27.2% during the 3rd quarter. Stoic Point Capital Management LLC now owns 57,443 shares of the company’s stock worth $1,491,000 after acquiring an additional 12,278 shares during the period. Empowered Funds LLC bought a new position in shares of Advantage Solutions during the 3rd quarter worth about $1,240,000. Bank of New York Mellon Corp lifted its holdings in shares of Advantage Solutions by 7.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 12,187 shares of the company’s stock worth $527,000 after acquiring an additional 887 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in shares of Advantage Solutions during the 2nd quarter valued at about $456,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

Advantage Solutions Company Profile

Advantage Solutions Inc. provides outsourced sales, marketing and retail services to consumer goods companies and retailers. Its work helps clients promote products, improve in-store execution and connect with shoppers across retail channels. The company’s services include sales representation, retail merchandising, brand and shopper marketing, product demonstrations, experiential marketing, analytics and digital commerce support. It works with clients across categories such as food and beverage, household products, health and beauty, and consumer electronics.