Advantage Solutions (NASDAQ:ADV) Shares Down 7.4% – Should You Sell?

Advantage Solutions Inc. (NASDAQ:ADV)’s stock price fell 7.4% during mid-day trading on Wednesday . The company traded as low as $39.95 and last traded at $39.6150. 105,474 shares were traded during trading, an increase of 74% from the average session volume of 60,716 shares. The stock had previously closed at $42.79.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Canaccord Genuity Group lifted their price target on shares of Advantage Solutions from $37.50 to $50.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings raised Advantage Solutions from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. Morgan Stanley set a $18.75 price objective on Advantage Solutions in a research note on Tuesday, March 3rd. Wall Street Zen downgraded Advantage Solutions from a “strong-buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Zacks Research raised Advantage Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $34.38.

Advantage Solutions Stock Performance

The company has a debt-to-equity ratio of 3.18, a quick ratio of 1.95 and a current ratio of 1.95. The company has a market cap of $517.04 million, a P/E ratio of -2.08 and a beta of 2.21. The stock’s fifty day moving average price is $30.02 and its two-hundred day moving average price is $24.29.

Insiders Place Their Bets

In other Advantage Solutions news, CEO David A. Peacock bought 800 shares of Advantage Solutions stock in a transaction on Monday, May 18th. The shares were purchased at an average price of $34.60 per share, with a total value of $27,680.00. Following the acquisition, the chief executive officer owned 216,364 shares in the company, valued at $7,486,194.40. This trade represents a 0.37% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 9.40% of the stock is owned by insiders.

Institutional Trading of Advantage Solutions

Large investors have recently bought and sold shares of the business. Creative Planning bought a new position in Advantage Solutions in the second quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Advantage Solutions in the second quarter worth about $31,000. Two Sigma Investments LP acquired a new stake in shares of Advantage Solutions in the 3rd quarter valued at approximately $35,000. Virtu Financial LLC acquired a new stake in shares of Advantage Solutions in the 3rd quarter valued at approximately $36,000. Finally, Voleon Capital Management LP bought a new stake in shares of Advantage Solutions during the 3rd quarter valued at approximately $36,000. 49.82% of the stock is owned by institutional investors and hedge funds.

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.