Wall Street Zen Upgrades Advantage Solutions (NASDAQ:ADV) to Strong-Buy

Advantage Solutions (NASDAQ:ADV) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

ADV has been the topic of several other research reports. Morgan Stanley dropped their price objective on shares of Advantage Solutions from $2.00 to $1.50 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of Advantage Solutions in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Advantage Solutions has an average rating of “Hold” and a consensus price target of $2.00.

Advantage Solutions Trading Up 0.4%

Shares of ADV stock opened at $0.62 on Friday. The firm has a market capitalization of $202.25 million, a P/E ratio of -0.83 and a beta of 2.19. Advantage Solutions has a 1 year low of $0.53 and a 1 year high of $2.69. The firm’s fifty day simple moving average is $0.83 and its 200 day simple moving average is $1.24. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 2.35.

Institutional Trading of Advantage Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ADV. CastleKnight Management LP increased its holdings in shares of Advantage Solutions by 18.1% during the fourth quarter. CastleKnight Management LP now owns 11,794,950 shares of the company’s stock worth $10,380,000 after buying an additional 1,806,891 shares in the last quarter. Stoic Point Capital Management LLC acquired a new position in shares of Advantage Solutions in the 4th quarter worth approximately $1,375,000. Charles Schwab Investment Management Inc. grew its position in Advantage Solutions by 37.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,761,016 shares of the company’s stock worth $3,310,000 after acquiring an additional 1,024,633 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Advantage Solutions by 337.1% during the 3rd 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 in the last quarter. Finally, Millennium Management LLC increased its holdings in Advantage Solutions by 71.7% during the 3rd 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 in the last quarter. Institutional investors own 49.82% of the company’s stock.

Advantage Solutions Company Profile

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.