Advantage Solutions (NASDAQ:ADV) Shares Down 5.6% – Time to Sell?

Advantage Solutions Inc. (NASDAQ:ADV) shares dropped 5.6% on Tuesday . The company traded as low as $43.26 and last traded at $44.20. Approximately 44,136 shares traded hands during trading, a decline of 42% from the average daily volume of 75,495 shares. The stock had previously closed at $46.82.

Analyst Ratings Changes

Several analysts have weighed in on ADV shares. Morgan Stanley set a $18.75 price target on Advantage Solutions in a research note on Tuesday, March 3rd. Wall Street Zen lowered Advantage Solutions from a “strong-buy” rating to a “hold” rating in a research report on Saturday, March 7th. Canaccord Genuity Group raised their price target on shares of Advantage Solutions from $37.50 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings upgraded shares of Advantage Solutions from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 6th. Finally, Zacks Research raised shares of Advantage Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. One 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 stock. Based on data from MarketBeat.com, Advantage Solutions presently has a consensus rating of “Hold” and an average target price of $34.38.

Advantage Solutions Stock Down 3.5%

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 firm has a market cap of $600.80 million, a price-to-earnings ratio of -2.41 and a beta of 2.21. The business’s 50 day moving average price is $37.55 and its 200 day moving average price is $26.48.

Insider Buying and Selling

In other news, CEO David A. Peacock acquired 800 shares of the business’s stock in a transaction on Monday, May 18th. The stock was bought at an average price of $34.60 per share, with a total value of $27,680.00. Following the completion of the acquisition, the chief executive officer owned 216,364 shares of the company’s stock, valued at approximately $7,486,194.40. This represents a 0.37% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 9.40% of the company’s stock.

Institutional Investors Weigh In On Advantage Solutions

Several hedge funds have recently modified their holdings of ADV. Bank of America Corp DE grew its position in shares of 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 purchasing an additional 12,816 shares during the period. Creative Planning acquired a new position in shares of Advantage Solutions during the 2nd quarter worth about $26,000. Tower Research Capital LLC TRC raised its position in shares of Advantage Solutions by 143.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 35,394 shares of the company’s stock worth $47,000 after purchasing an additional 20,841 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Advantage Solutions by 220.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 30,346 shares of the company’s stock valued at $46,000 after buying an additional 20,864 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Advantage Solutions by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 2,763,633 shares of the company’s stock valued at $2,432,000 after buying an additional 21,509 shares in the last quarter. 49.82% of the stock is owned by hedge funds and other institutional investors.

About Advantage Solutions

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.