Advantage Solutions (NASDAQ:ADV) Stock Price Breaks Below Two Hundred Day Moving Average – Time to Sell?

Advantage Solutions Inc. (NASDAQ:ADV)’s stock price passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $29.92 and traded as low as $27.68. Advantage Solutions shares last traded at $28.76, with a volume of 40,290 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have commented on ADV. Zacks Research upgraded shares of Advantage Solutions from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Morgan Stanley dropped their price objective on shares of Advantage Solutions from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, August 6th. Wall Street Zen lowered Advantage Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Advantage Solutions in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $42.00.

Advantage Solutions Trading Down 5.0%

The stock has a market capitalization of $368.70 million, a P/E ratio of -1.35 and a beta of 2.18. The stock’s fifty day moving average price is $31.32 and its 200 day moving average price is $29.92. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.79 and a quick ratio of 1.79.

Advantage Solutions (NASDAQ:ADV) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($4.85) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($4.42). Advantage Solutions had a negative return on equity of 48.15% and a negative net margin of 7.65%. The firm had revenue of $757.40 million during the quarter, compared to the consensus estimate of $887.30 million. Research analysts forecast that Advantage Solutions Inc. will post 0.24 earnings per share for the current year.

Institutional Investors Weigh In On Advantage Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC purchased a new position in shares of Advantage Solutions during the 2nd quarter valued at approximately $456,000. Bank of New York Mellon Corp lifted its stake in shares of Advantage Solutions by 7.8% in the 2nd 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. Finally, State Street Corp acquired a new position in shares of Advantage Solutions in the 2nd quarter valued at $3,913,000. 49.82% of the stock is owned by institutional investors and hedge funds.

Advantage Solutions Company Profile

Advantage Solutions Inc is a provider of outsourced sales and marketing services for consumer goods manufacturers, retailers and other brands. The company helps clients improve how their products are presented, promoted and sold across retail, e-commerce and other consumer channels.

Its services include retail merchandising, sales representation, brand marketing, experiential marketing, digital and omnichannel marketing, category management, analytics and business intelligence. Advantage Solutions also provides services designed to support product launches, in-store execution, shopper engagement and connections between brands and consumers.

The company serves clients primarily in the United States and Canada, working across categories such as food and beverage, consumer packaged goods, health and wellness, beauty and household products.