Advantage Solutions (NASDAQ:ADV) Downgraded to “Hold” Rating by Wall Street Zen

Advantage Solutions (NASDAQ:ADV) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other equities analysts have also recently issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Advantage Solutions in a report on Wednesday, January 21st. Morgan Stanley set a $0.75 target price on Advantage Solutions in a research report on Tuesday. Finally, Canaccord Genuity Group reduced their price target on Advantage Solutions from $2.50 to $1.50 and set a “buy” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $1.13.

Advantage Solutions Price Performance

Shares of Advantage Solutions stock opened at $0.64 on Friday. Advantage Solutions has a 52 week low of $0.49 and a 52 week high of $2.47. The company has a current ratio of 2.25, a quick ratio of 2.20 and a debt-to-equity ratio of 3.00. The stock has a market cap of $208.81 million, a PE ratio of -0.91 and a beta of 2.28. The company’s 50-day moving average price is $0.76 and its two-hundred day moving average price is $1.16.

Advantage Solutions (NASDAQ:ADV) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.60). The business had revenue of $932.13 million for the quarter, compared to the consensus estimate of $885.20 million. Advantage Solutions had a negative net margin of 6.43% and a negative return on equity of 34.48%. As a group, sell-side analysts anticipate that Advantage Solutions will post -0.51 EPS for the current fiscal year.

Institutional Trading of Advantage Solutions

Several large investors have recently made changes to their positions in ADV. Creative Planning bought a new position in shares of Advantage Solutions during the 2nd quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Advantage Solutions in the second quarter worth $31,000. Two Sigma Investments LP bought a new stake in shares of Advantage Solutions in the third quarter worth $35,000. Virtu Financial LLC acquired a new position in Advantage Solutions during the third quarter worth $36,000. Finally, Voleon Capital Management LP bought a new position in Advantage Solutions in the third quarter valued at $36,000. Institutional investors own 49.82% of the company’s stock.

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.