Advantage Solutions Inc. (NASDAQ:ADV) Sees Large Increase in Short Interest

Advantage Solutions Inc. (NASDAQ:ADV) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 9,431,918 shares, an increase of 28.4% from the December 15th total of 7,346,261 shares. Approximately 3.1% of the shares of the stock are short sold. Based on an average trading volume of 1,299,884 shares, the short-interest ratio is currently 7.3 days. Based on an average trading volume of 1,299,884 shares, the short-interest ratio is currently 7.3 days. Approximately 3.1% of the shares of the stock are short sold.

Advantage Solutions Price Performance

ADV opened at $0.83 on Friday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 2.35. The stock has a market capitalization of $271.16 million, a P/E ratio of -1.11 and a beta of 2.19. The stock has a 50-day moving average price of $0.94 and a 200-day moving average price of $1.36. Advantage Solutions has a 12-month low of $0.78 and a 12-month high of $2.95.

Advantage Solutions (NASDAQ:ADV) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.06 earnings per share 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 analysts’ expectations of $933.56 million. Advantage Solutions had a negative net margin of 6.97% and a negative return on equity of 34.40%. Equities analysts predict that Advantage Solutions will post -0.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Advantage Solutions

Several institutional investors and hedge funds have recently made changes to their positions in the business. Creative Planning bought a new stake in Advantage Solutions in the second quarter worth $26,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Advantage Solutions in the 2nd quarter valued at about $31,000. Two Sigma Investments LP purchased a new stake in Advantage Solutions during the 3rd quarter valued at about $35,000. Private Wealth Management Group LLC bought a new position in Advantage Solutions during the 2nd quarter worth approximately $35,000. Finally, Voleon Capital Management LP bought a new position in Advantage Solutions during the 3rd quarter worth approximately $36,000. Institutional investors own 49.82% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on ADV. Weiss Ratings reiterated a “sell (d-)” rating on shares of Advantage Solutions in a research note on Wednesday, October 8th. Morgan Stanley lowered their price objective on Advantage Solutions from $2.00 to $1.50 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. Finally, Wall Street Zen upgraded Advantage Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $2.00.

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.