Advantage Solutions Inc. (NASDAQ:ADV) Short Interest Update

Advantage Solutions Inc. (NASDAQ:ADV) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 9,431,918 shares, a growth of 28.4% from the December 15th total of 7,346,261 shares. Based on an average daily volume of 1,299,884 shares, the short-interest ratio is currently 7.3 days. Approximately 3.1% of the company’s shares are short sold. Approximately 3.1% of the company’s shares are short sold. Based on an average daily volume of 1,299,884 shares, the short-interest ratio is currently 7.3 days.

Institutional Investors Weigh In On Advantage Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ADV. Empowered Funds LLC lifted its position in Advantage Solutions by 4.0% during the first quarter. Empowered Funds LLC now owns 1,769,040 shares of the company’s stock valued at $2,671,000 after buying an additional 68,177 shares during the period. Strs Ohio bought a new position in shares of Advantage Solutions in the 1st quarter worth about $117,000. Inspire Investing LLC lifted its position in Advantage Solutions by 28.5% during the 2nd quarter. Inspire Investing LLC now owns 297,843 shares of the company’s stock valued at $393,000 after acquiring an additional 66,018 shares during the period. NorthRock Partners LLC boosted its stake in Advantage Solutions by 114.1% during the second quarter. NorthRock Partners LLC now owns 186,245 shares of the company’s stock worth $244,000 after acquiring an additional 99,243 shares in the last quarter. Finally, Private Wealth Management Group LLC purchased a new stake in Advantage Solutions in the second quarter worth about $35,000. 49.82% of the stock is owned by hedge funds and other institutional investors.

Advantage Solutions Trading Up 1.5%

Shares of ADV opened at $0.83 on Friday. Advantage Solutions has a 1-year low of $0.78 and a 1-year high of $2.95. 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 firm’s 50-day moving average price is $0.94 and its 200-day moving average price is $1.36. The firm has a market capitalization of $271.16 million, a price-to-earnings ratio of -1.11 and a beta of 2.19.

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ADV. Morgan Stanley dropped their price target on shares of Advantage Solutions from $2.00 to $1.50 and set an “equal weight” rating for the company in a research report on Wednesday, December 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Advantage Solutions in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Advantage Solutions from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $2.00.

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.