Advantage Solutions (NASDAQ:ADV) Shares Down 2.2% – What’s Next?

Advantage Solutions Inc. (NASDAQ:ADV)’s stock price traded down 2.2% on Wednesday . The stock traded as low as $31.71 and last traded at $31.92. 49,518 shares changed hands during trading, a decline of 56% from the average session volume of 111,811 shares. The stock had previously closed at $32.63.

Wall Street Analyst Weigh In

ADV has been the topic of a number of recent analyst reports. Morgan Stanley dropped their target price on shares of Advantage Solutions from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 6th. Wall Street Zen downgraded shares of Advantage Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Canaccord Genuity Group raised their price objective on Advantage Solutions from $37.50 to $50.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Zacks Research cut Advantage Solutions from a “hold” rating to a “strong sell” rating in a research report on Friday, August 14th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Advantage Solutions in a research report on Monday, August 3rd. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Advantage Solutions has a consensus rating of “Reduce” and an average price target of $42.00.

Advantage Solutions Stock Performance

The stock has a market cap of $409.21 million, a price-to-earnings ratio of -1.50 and a beta of 2.16. The stock’s 50 day moving average is $36.71 and its two-hundred day moving average is $31.35. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.77.

Advantage Solutions (NASDAQ:ADV) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($4.85) EPS for the quarter, missing analysts’ consensus estimates of ($0.43) by ($4.42). Advantage Solutions had a negative net margin of 7.65% and a negative return on equity of 48.15%. The business had revenue of $889.45 million during the quarter, compared to analyst estimates of $887.30 million. Analysts anticipate that Advantage Solutions Inc. will post 0.24 earnings per share for the current fiscal year.

Institutional Trading of Advantage Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System acquired a new stake in Advantage Solutions during the 2nd quarter worth approximately $112,000. Bank of New York Mellon Corp increased its holdings in shares of Advantage Solutions by 7.8% in the second quarter. Bank of New York Mellon Corp now owns 12,187 shares of the company’s stock valued at $527,000 after purchasing an additional 887 shares during the period. Stoic Point Capital Management LLC purchased a new stake in shares of Advantage Solutions during the fourth quarter worth approximately $1,375,000. Inspire Investing LLC raised its stake in shares of Advantage Solutions by 87.3% during the fourth quarter. Inspire Investing LLC now owns 554,271 shares of the company’s stock worth $488,000 after purchasing an additional 258,379 shares during the last quarter. Finally, CastleKnight Management LP lifted 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 purchasing an additional 1,806,891 shares during the period. 49.82% of the stock is owned by hedge funds and other institutional investors.

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.