Advantage Solutions (NASDAQ:ADV) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research downgraded shares of Advantage Solutions (NASDAQ:ADV) from a hold rating to a strong sell rating in a report published on Thursday,Zacks.com reports.

ADV has been the subject of several other research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Advantage Solutions in a research report on Wednesday, January 21st. Wall Street Zen lowered Advantage Solutions from a “strong-buy” rating to a “hold” rating in a research note on Saturday, March 7th. Canaccord Genuity Group dropped their target price on Advantage Solutions from $2.50 to $1.50 and set a “buy” rating for the company in a report on Wednesday, March 4th. Finally, Morgan Stanley set a $0.75 target price on Advantage Solutions in a research report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Advantage Solutions has an average rating of “Reduce” and a consensus target price of $1.13.

Advantage Solutions Stock Performance

Shares of NASDAQ:ADV opened at $0.74 on Thursday. Advantage Solutions has a 52 week low of $0.49 and a 52 week high of $2.15. The stock has a market capitalization of $241.44 million, a P/E ratio of -1.06 and a beta of 2.28. The firm has a fifty day simple moving average of $0.75 and a two-hundred day simple moving average of $1.12. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 3.00.

Advantage Solutions (NASDAQ:ADV) last posted its earnings results on Tuesday, March 3rd. The company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.60). The business had revenue of $932.13 million during the quarter, compared to the consensus estimate 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, analysts expect that Advantage Solutions will post -0.51 earnings per share for the current fiscal year.

Institutional Trading of Advantage Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Empowered Funds LLC increased its holdings in shares of Advantage Solutions by 4.0% in the 1st quarter. Empowered Funds LLC now owns 1,769,040 shares of the company’s stock valued at $2,671,000 after acquiring an additional 68,177 shares during the period. Strs Ohio purchased a new stake in shares of Advantage Solutions during the 1st quarter worth $117,000. Los Angeles Capital Management LLC lifted its stake in shares of Advantage Solutions by 26.5% during the 2nd quarter. Los Angeles Capital Management LLC now owns 149,054 shares of the company’s stock worth $197,000 after purchasing an additional 31,230 shares during the last quarter. Creative Planning bought a new stake in Advantage Solutions during the second quarter valued at about $26,000. Finally, Mosaic Family Wealth Partners LLC boosted its position in Advantage Solutions by 17.4% during the second quarter. Mosaic Family Wealth Partners LLC now owns 505,000 shares of the company’s stock valued at $667,000 after purchasing an additional 75,000 shares in the last quarter. 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.