Advantage Solutions (NASDAQ:ADV) Hits New 52-Week Low at $1.70

Advantage Solutions Inc. (NASDAQ:ADV – Get Rating) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $1.70 and last traded at $1.86, with a volume of 88810 shares trading hands. The stock had previously closed at $1.89.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Morgan Stanley lowered their price objective on shares of Advantage Solutions from $4.00 to $3.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 4th. The Goldman Sachs Group upped their price objective on shares of Advantage Solutions from $2.60 to $2.90 and gave the stock a “neutral” rating in a research note on Friday, March 3rd.

Advantage Solutions Trading Down 2.7 %

The company’s fifty day moving average is $2.38 and its two-hundred day moving average is $2.51. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.93 and a current ratio of 1.93. The company has a market cap of $586.31 million, a price-to-earnings ratio of -0.42 and a beta of 1.52.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP acquired a new stake in shares of Advantage Solutions in the 3rd quarter worth $66,000. Contrarian Capital Management L.L.C. purchased a new position in shares of Advantage Solutions in the 2nd quarter valued at about $380,000. Prudential Financial Inc. boosted its stake in shares of Advantage Solutions by 4.0% in the 3rd quarter. Prudential Financial Inc. now owns 302,415 shares of the company’s stock valued at $644,000 after buying an additional 11,600 shares during the period. Pinnacle Wealth Planning Services Inc. purchased a new position in shares of Advantage Solutions in the 3rd quarter valued at about $27,000. Finally, SG Americas Securities LLC lifted its stake in Advantage Solutions by 92.5% during the third quarter. SG Americas Securities LLC now owns 58,992 shares of the company’s stock worth $126,000 after purchasing an additional 28,347 shares during the last quarter. Hedge funds and other institutional investors own 26.14% of the company’s stock.

Advantage Solutions Company Profile

(Get Rating)

Advantage Solutions Inc provides outsourced solutions to consumer goods companies and retailers in North America and internationally. It operates in two segments, Sales and Marketing. The Sales segment offers brand-centric services, such as headquarter relationship management; analytics, insights, and intelligence; administration; and brand-centric merchandising services.