Advantage Solutions (NASDAQ:ADV) Given New $1.50 Price Target at Morgan Stanley

Advantage Solutions (NASDAQ:ADV) had its target price cut by Morgan Stanley from $2.00 to $1.50 in a research note released on Wednesday morning, MarketBeat reports. They currently have an equal weight rating on the stock.

Other equities research analysts have also issued research reports about the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Advantage Solutions in a report on Wednesday, October 8th. Wall Street Zen raised shares of Advantage Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Advantage Solutions currently has an average rating of “Hold” and an average price target of $2.00.

Advantage Solutions Price Performance

Shares of ADV stock opened at $0.85 on Wednesday. Advantage Solutions has a 12 month low of $0.80 and a 12 month high of $3.37. The company has a market capitalization of $277.75 million, a P/E ratio of -1.14 and a beta of 2.19. The stock has a 50 day moving average of $1.16 and a two-hundred day moving average of $1.45. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 2.35.

Advantage Solutions (NASDAQ:ADV) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.18). The firm had revenue of $915.01 million for the quarter, compared to the consensus estimate of $933.56 million. Advantage Solutions had a negative net margin of 6.97% and a negative return on equity of 34.40%. As a group, equities analysts expect that Advantage Solutions will post -0.51 EPS for the current year.

Institutional Investors Weigh In On Advantage Solutions

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Advantage Solutions by 40.7% during the 3rd quarter. Vanguard Group Inc. now owns 2,675,768 shares of the company’s stock worth $4,094,000 after purchasing an additional 773,560 shares in the last quarter. Millennium Management LLC grew its stake in Advantage Solutions by 71.7% during the third quarter. Millennium Management LLC now owns 1,973,940 shares of the company’s stock worth $3,020,000 after buying an additional 824,239 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Advantage Solutions by 4.0% during the first quarter. Empowered Funds LLC now owns 1,769,040 shares of the company’s stock worth $2,671,000 after buying an additional 68,177 shares in the last quarter. Contrarian Capital Management L.L.C. raised its stake in shares of Advantage Solutions by 5.5% in the third quarter. Contrarian Capital Management L.L.C. now owns 1,700,000 shares of the company’s stock valued at $2,601,000 after acquiring an additional 88,860 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake 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 valued at $1,736,000 after acquiring an additional 874,881 shares during the last quarter. Institutional investors own 49.82% of the company’s stock.

About Advantage Solutions

Advantage Solutions Inc provides business solutions to consumer goods manufacturers 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; and brand-centric merchandising services.