Morgan Stanley Cuts Advantage Solutions (NASDAQ:ADV) Price Target to $1.50

Advantage Solutions (NASDAQ:ADV) had its price target lowered by Morgan Stanley from $2.00 to $1.50 in a research note published on Wednesday, Marketbeat.com reports. The brokerage currently has an equal weight rating on the stock.

A number of other research firms also recently issued reports on ADV. Weiss Ratings reiterated a “sell (d-)” rating on shares of Advantage Solutions in a research note on Wednesday, October 8th. Wall Street Zen upgraded 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 given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Advantage Solutions currently has a consensus rating of “Hold” and an average target price of $2.00.

Advantage Solutions Price Performance

Shares of ADV stock opened at $0.91 on Wednesday. Advantage Solutions has a twelve month low of $0.80 and a twelve month high of $3.20. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 2.35. The stock has a fifty day simple moving average of $1.14 and a two-hundred day simple moving average of $1.44. The stock has a market capitalization of $298.11 million, a price-to-earnings ratio of -1.22 and a beta of 2.19.

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

Hedge Funds Weigh In On Advantage Solutions

A number of large investors have recently made changes to their positions in the business. Deutsche Bank AG boosted its position in shares of Advantage Solutions by 8.5% in the 1st quarter. Deutsche Bank AG now owns 120,461 shares of the company’s stock worth $182,000 after purchasing an additional 9,477 shares in the last quarter. Bank of America Corp DE raised its stake in 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 last quarter. Hsbc Holdings PLC boosted its holdings in Advantage Solutions by 15.3% in the first quarter. Hsbc Holdings PLC now owns 110,132 shares of the company’s stock worth $166,000 after acquiring an additional 14,606 shares in the last quarter. Creative Planning acquired a new stake in Advantage Solutions in the second quarter worth about $26,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Advantage Solutions by 143.2% during the second 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 last quarter. 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.