Advantage Solutions (NASDAQ:ADV) Stock Price Up 0.3% – Here’s Why

Advantage Solutions Inc. (NASDAQ:ADV)’s share price was up 0.3% on Monday . The stock traded as high as $0.94 and last traded at $0.8634. Approximately 1,545,568 shares were traded during trading, an increase of 194% from the average daily volume of 526,289 shares. The stock had previously closed at $0.8604.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Advantage Solutions in a report on Wednesday, October 8th. Wall Street Zen raised Advantage Solutions from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $2.25.

Advantage Solutions Stock Performance

The stock’s 50 day simple moving average is $1.25 and its two-hundred day simple moving average is $1.46. The company has a market capitalization of $281.70 million, a P/E ratio of -1.15 and a beta of 2.19. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.20 and a quick ratio of 2.20.

Advantage Solutions (NASDAQ:ADV) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $915.01 million during the quarter, compared to analyst estimates of $933.56 million. As a group, research analysts expect that Advantage Solutions Inc. will post -0.51 earnings per share for the current year.

Hedge Funds Weigh In On Advantage Solutions

Several hedge funds have recently added to or reduced their stakes in ADV. Vanguard Group Inc. raised its holdings in Advantage Solutions by 40.7% during the 3rd quarter. Vanguard Group Inc. now owns 2,675,768 shares of the company’s stock worth $4,094,000 after purchasing an additional 773,560 shares during the last quarter. Millennium Management LLC grew its position in shares of Advantage Solutions by 71.7% during the 3rd quarter. Millennium Management LLC now owns 1,973,940 shares of the company’s stock worth $3,020,000 after buying an additional 824,239 shares during the period. Empowered Funds LLC raised its stake in shares of Advantage Solutions by 4.0% during the first quarter. Empowered Funds LLC now owns 1,769,040 shares of the company’s stock worth $2,671,000 after buying an additional 68,177 shares during the last quarter. Contrarian Capital Management L.L.C. lifted its holdings in Advantage Solutions by 5.5% in the third quarter. Contrarian Capital Management L.L.C. now owns 1,700,000 shares of the company’s stock valued at $2,601,000 after buying an additional 88,860 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Advantage Solutions by 337.1% in the third quarter. Russell Investments Group Ltd. now owns 1,134,401 shares of the company’s stock valued at $1,736,000 after acquiring an additional 874,881 shares during the last quarter. Institutional investors own 49.82% of the company’s stock.

About Advantage Solutions

Advantage Solutions Inc provides business solutions to consumer goods manufacturers and retailers in North America and internationally. It operates in two segments, Sales and Marketing. The Sales segment offers brand-centric services, such as headquarter relationship management; analytics, insights, and intelligence; and brand-centric merchandising services.