Advantage Solutions (NASDAQ:ADV) Shares Down 5.6% – Here’s Why

Advantage Solutions Inc. (NASDAQ:ADVGet Free Report)’s share price traded down 5.6% during trading on Tuesday . The company traded as low as $43.26 and last traded at $44.20. 44,136 shares were traded during trading, a decline of 42% from the average daily volume of 75,495 shares. The stock had previously closed at $46.82.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Wall Street Zen lowered Advantage Solutions from a “strong-buy” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings upgraded Advantage Solutions from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. Zacks Research raised shares of Advantage Solutions from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Canaccord Genuity Group upped their target price on shares of Advantage Solutions from $37.50 to $50.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Morgan Stanley set a $18.75 price target on shares of Advantage Solutions in a research note on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $34.38.

View Our Latest Research Report on ADV

Advantage Solutions Stock Performance

The company has a debt-to-equity ratio of 3.18, a current ratio of 1.95 and a quick ratio of 1.95. The stock has a market cap of $600.80 million, a price-to-earnings ratio of -2.41 and a beta of 2.21. The firm has a fifty day moving average of $37.55 and a 200 day moving average of $26.48.

Insider Activity

In related news, CEO David A. Peacock bought 800 shares of the business’s stock in a transaction on Monday, May 18th. The stock was acquired at an average cost of $34.60 per share, with a total value of $27,680.00. Following the purchase, the chief executive officer directly owned 216,364 shares of the company’s stock, valued at $7,486,194.40. The trade was a 0.37% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 9.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Advantage Solutions

A number of hedge funds have recently modified their holdings of the company. CastleKnight Management LP raised its stake in Advantage Solutions by 18.1% during the fourth quarter. CastleKnight Management LP now owns 11,794,950 shares of the company’s stock worth $10,380,000 after purchasing an additional 1,806,891 shares during the period. Stoic Point Capital Management LLC purchased a new stake in shares of Advantage Solutions in the 4th quarter valued at approximately $1,375,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Advantage Solutions by 37.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,761,016 shares of the company’s stock worth $3,310,000 after buying an additional 1,024,633 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Advantage Solutions by 337.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,134,401 shares of the company’s stock worth $1,736,000 after buying an additional 874,881 shares during the last quarter. Finally, Millennium Management LLC raised 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 valued at $3,020,000 after buying an additional 824,239 shares during the period. Hedge funds and other institutional investors 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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