Advantage Solutions (NASDAQ:ADV) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Advantage Solutions Inc. (NASDAQ:ADV)’s stock price passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $30.17 and traded as low as $28.34. Advantage Solutions shares last traded at $29.15, with a volume of 101,247 shares traded.

Wall Street Analysts Forecast Growth

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

Advantage Solutions Trading Down 9.0%

The company’s 50 day moving average price is $30.89 and its 200 day moving average price is $30.17. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.79 and a quick ratio of 1.79. The firm has a market cap of $373.70 million, a PE ratio of -1.37 and a beta of 2.21.

Advantage Solutions (NASDAQ:ADV) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($4.85) earnings per share 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 $757.40 million during the quarter, compared to analyst estimates of $887.30 million. As a group, analysts forecast that Advantage Solutions Inc. will post 0.24 EPS for the current fiscal year.

Institutional Investors Weigh In On Advantage Solutions

A number of hedge funds have recently added to or reduced their stakes in ADV. State of Wyoming purchased a new position in Advantage Solutions in the 3rd quarter valued at approximately $93,000. State Street Corp acquired a new position in shares of Advantage Solutions in the second quarter worth $3,913,000. Squarepoint Ops LLC acquired a new position in shares of Advantage Solutions in the second quarter worth $456,000. Finally, Bank of New York Mellon Corp increased its position in shares of Advantage Solutions by 7.8% during the second quarter. Bank of New York Mellon Corp now owns 12,187 shares of the company’s stock worth $527,000 after acquiring an additional 887 shares during the period. 49.82% of the stock is currently owned by institutional investors and hedge funds.

About Advantage Solutions

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.