Advantage Solutions (NASDAQ:ADV) Stock Price Down 2.2% - What's Next?

Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report)'s share price traded down 2.2% on Wednesday . The stock traded as low as $31.71 and last traded at $31.92. Approximately 49,518 shares traded hands 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.

Wall Street Analyst Weigh In

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A number of brokerages have issued reports on ADV. Wall Street Zen downgraded Advantage Solutions from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Canaccord Genuity Group upped their price objective 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. Zacks Research lowered shares of Advantage Solutions from a "hold" rating to a "strong sell" rating in a research note on Friday, August 14th. Weiss Ratings reissued a "sell (d-)" rating on shares of Advantage Solutions in a report on Monday, August 3rd. Finally, Morgan Stanley decreased their target price on 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. One equities research 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. Based on data from MarketBeat, the company has an average rating of "Reduce" and an average price target of $42.00.

Check Out Our Latest Stock Report on Advantage Solutions

Advantage Solutions Stock Down 2.2%

The business's 50 day simple moving average is $36.71 and its 200 day simple moving average is $31.35. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market capitalization of $409.21 million, a PE ratio of -1.50 and a beta of 2.16.

Advantage Solutions (NASDAQ:ADV - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($4.85) earnings per share 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 analyst estimates 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, analysts anticipate that Advantage Solutions Inc. will post 0.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ADV. Citizens Financial Group Inc. RI boosted its position in shares of Advantage Solutions by 73.0% during the 4th quarter. Citizens Financial Group Inc. RI now owns 208,000 shares of the company's stock worth $183,000 after acquiring an additional 87,801 shares in the last quarter. CastleKnight Management LP raised its position in shares of Advantage Solutions by 18.1% during the 4th quarter. CastleKnight Management LP now owns 11,794,950 shares of the company's stock worth $10,380,000 after acquiring an additional 1,806,891 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Advantage Solutions by 39.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 116,042 shares of the company's stock worth $102,000 after purchasing an additional 33,097 shares during the last quarter. Voleon Capital Management LP purchased a new stake in Advantage Solutions during the third quarter worth approximately $36,000. Finally, Virtu Financial LLC acquired a new position in Advantage Solutions in the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 49.82% of the company's stock.

Advantage Solutions Company Profile

(Get Free Report)

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.

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