Advantage Solutions (NASDAQ:ADV – Get Free Report) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.
Several other research analysts also recently commented on the stock. Canaccord Genuity Group boosted their price objective on shares of Advantage Solutions from $37.50 to $50.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Advantage Solutions in a research report on Monday, August 3rd. Zacks Research upgraded Advantage Solutions from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Morgan Stanley lowered their target price on Advantage Solutions from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $42.00.
Advantage Solutions Stock Performance
Advantage Solutions (NASDAQ:ADV – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($4.85) earnings per share for the quarter, missing the consensus estimate of ($0.43) by ($4.42). The business had revenue of $889.45 million during the quarter, compared to analyst estimates of $887.30 million. Advantage Solutions had a negative return on equity of 48.15% and a negative net margin of 7.65%. As a group, equities research analysts forecast that Advantage Solutions will post 3.1 earnings per share for the current year.
Insider Activity at Advantage Solutions
In other news, CEO David A. Peacock purchased 800 shares of the business’s stock in a transaction on Monday, May 18th. The shares were acquired at an average price of $34.60 per share, with a total value of $27,680.00. Following the completion of the transaction, the chief executive officer owned 216,364 shares of the company’s stock, valued at $7,486,194.40. The trade was a 0.37% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 9.70% of the company’s stock.
Institutional Investors Weigh In On Advantage Solutions
Several hedge funds and other institutional investors have recently modified their holdings of ADV. CastleKnight Management LP lifted its holdings in 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 purchasing an additional 1,806,891 shares in the last quarter. Stoic Point Capital Management LLC purchased a new position in Advantage Solutions during the 4th quarter valued at about $1,375,000. Charles Schwab Investment Management Inc. increased its position in shares of Advantage Solutions by 37.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,761,016 shares of the company’s stock valued at $3,310,000 after buying an additional 1,024,633 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Advantage Solutions by 337.1% in the third 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 in the last quarter. Finally, Millennium Management LLC increased its holdings in 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 acquiring an additional 824,239 shares during the period. Institutional investors own 49.82% of the company’s stock.
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.
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