Morgan Stanley Issues Pessimistic Forecast for Advantage Solutions (NASDAQ:ADV) Stock Price

Advantage Solutions (NASDAQ:ADV) had its target price cut by equities research analysts at Morgan Stanley from $2.00 to $1.50 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 78.72% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Weiss Ratings restated a “sell (d-)” rating on shares of Advantage Solutions in a research note on Wednesday, October 8th. Wall Street Zen raised Advantage Solutions from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $2.00.

Advantage Solutions Stock Down 0.1%

Advantage Solutions stock opened at $0.84 on Wednesday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 2.35. Advantage Solutions has a 1-year low of $0.80 and a 1-year high of $3.37. The company has a fifty day simple moving average of $1.17 and a 200 day simple moving average of $1.45. The company has a market cap of $273.84 million, a P/E ratio of -1.12 and a beta of 2.19.

Advantage Solutions (NASDAQ:ADV) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.18). The business had revenue of $915.01 million for the quarter, compared to analyst estimates of $933.56 million. Advantage Solutions had a negative return on equity of 34.40% and a negative net margin of 6.97%. Research analysts anticipate that Advantage Solutions will post -0.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Deutsche Bank AG increased its holdings in shares of Advantage Solutions by 8.5% during the first quarter. Deutsche Bank AG now owns 120,461 shares of the company’s stock worth $182,000 after purchasing an additional 9,477 shares during the period. Bank of America Corp DE boosted its stake in shares of Advantage Solutions by 21.8% in the second quarter. Bank of America Corp DE now owns 71,676 shares of the company’s stock valued at $95,000 after buying an additional 12,816 shares during the period. Hsbc Holdings PLC grew its position in Advantage Solutions by 15.3% during the first quarter. Hsbc Holdings PLC now owns 110,132 shares of the company’s stock worth $166,000 after buying an additional 14,606 shares in the last quarter. Creative Planning acquired a new stake in Advantage Solutions during the second quarter worth approximately $26,000. Finally, Tower Research Capital LLC TRC increased its stake in Advantage Solutions by 143.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 35,394 shares of the company’s stock worth $47,000 after acquiring an additional 20,841 shares during the period. 49.82% of the stock is currently owned by institutional investors.

Advantage Solutions Company Profile

Advantage Solutions Inc provides business solutions to consumer goods manufacturers and retailers in North America and internationally. It operates in two segments, Sales and Marketing. The Sales segment offers brand-centric services, such as headquarter relationship management; analytics, insights, and intelligence; and brand-centric merchandising services.