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

Advantage Solutions Inc. (NASDAQ:ADV) was down 2.2% during mid-day trading on Wednesday . The company traded as low as $31.71 and last traded at $31.92. Approximately 49,518 shares were traded during mid-day trading, a decline of 56% from the average session volume of 111,811 shares. The stock had previously closed at $32.63.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. 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 report on Saturday, August 8th. Canaccord Genuity Group raised their price objective on shares of Advantage Solutions from $37.50 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Advantage Solutions in a research report on Monday, August 3rd. Finally, Zacks Research downgraded shares of Advantage Solutions from a “hold” rating to a “strong sell” rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $42.00.

Advantage Solutions Price Performance

The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.77. The firm has a market capitalization of $409.21 million, a PE ratio of -1.50 and a beta of 2.16. The business’s 50-day moving average price is $36.51 and its 200-day moving average price is $31.47.

Advantage Solutions (NASDAQ:ADV) last announced 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). The company had revenue of $889.45 million for the quarter, compared to analysts’ expectations of $887.30 million. Advantage Solutions had a negative net margin of 7.65% and a negative return on equity of 48.15%. As a group, equities research analysts predict 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 and other institutional investors have recently made changes to their positions in ADV. Creative Planning acquired a new stake in shares of Advantage Solutions in the 2nd quarter valued at $26,000. Northwestern Mutual Wealth Management Co. acquired a new position in Advantage Solutions during the 2nd quarter worth $31,000. Two Sigma Investments LP acquired a new position in Advantage Solutions during the 3rd quarter worth $35,000. Virtu Financial LLC bought a new stake in Advantage Solutions during the third quarter valued at about $36,000. Finally, Voleon Capital Management LP acquired a new stake in shares of Advantage Solutions in the third quarter valued at about $36,000. 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.