Zacks Research Downgrades Advantage Solutions (NASDAQ:ADV) to Strong Sell

Advantage Solutions (NASDAQ:ADV) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other analysts have also issued reports on ADV. Canaccord Genuity Group dropped their target price on Advantage Solutions from $2.50 to $1.50 and set a “buy” rating on the stock in a report on Wednesday, March 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Advantage Solutions in a research report on Wednesday, January 21st. Morgan Stanley set a $0.75 price objective on Advantage Solutions in a report on Tuesday, March 3rd. Finally, Wall Street Zen downgraded shares of Advantage Solutions from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 7th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $1.13.

Advantage Solutions Stock Up 0.1%

Shares of ADV stock opened at $0.74 on Thursday. The firm’s fifty day moving average price is $0.75 and its two-hundred day moving average price is $1.12. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 3.00. Advantage Solutions has a 1 year low of $0.49 and a 1 year high of $2.15. The firm has a market capitalization of $241.44 million, a P/E ratio of -1.06 and a beta of 2.28.

Advantage Solutions (NASDAQ:ADV) last posted 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 business 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%. On average, equities analysts predict that Advantage Solutions will post -0.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ADV. Creative Planning bought a new stake in shares of Advantage Solutions in the second quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Advantage Solutions during the 2nd quarter worth $31,000. Two Sigma Investments LP bought a new position in shares of Advantage Solutions in the third quarter worth $35,000. Virtu Financial LLC bought a new stake in Advantage Solutions during the third quarter worth about $36,000. Finally, Voleon Capital Management LP acquired a new stake in Advantage Solutions during the third quarter worth about $36,000. 49.82% of the stock is owned by institutional investors.

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.