Canaccord Genuity Group Has Lowered Expectations for Advantage Solutions (NASDAQ:ADV) Stock Price

Advantage Solutions (NASDAQ:ADV) had its price target decreased by Canaccord Genuity Group from $2.50 to $1.50 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 147.52% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Advantage Solutions in a research report on Wednesday, January 21st. Morgan Stanley set a $0.75 price target on shares of Advantage Solutions in a research note on Tuesday. Finally, Wall Street Zen raised shares of Advantage Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $1.13.

Advantage Solutions Stock Performance

Shares of ADV opened at $0.61 on Wednesday. Advantage Solutions has a one year low of $0.49 and a one year high of $2.47. The company has a 50-day simple moving average of $0.77 and a two-hundred day simple moving average of $1.17. The company has a debt-to-equity ratio of 3.00, a current ratio of 2.25 and a quick ratio of 2.20. The firm has a market capitalization of $197.72 million, a PE ratio of -0.87 and a beta of 2.28.

Advantage Solutions (NASDAQ:ADV) last released its earnings results on Tuesday, March 3rd. The company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.60). Advantage Solutions had a negative net margin of 6.43% and a negative return on equity of 34.48%. The firm had revenue of $932.13 million during the quarter, compared to analysts’ expectations of $885.20 million. On average, analysts anticipate that Advantage Solutions will post -0.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. CastleKnight Management LP grew its stake in shares of Advantage Solutions by 18.1% during the 4th quarter. CastleKnight Management LP now owns 11,794,950 shares of the company’s stock valued at $10,380,000 after purchasing an additional 1,806,891 shares during the period. Stoic Point Capital Management LLC bought a new stake in Advantage Solutions during the fourth quarter valued at approximately $1,375,000. Charles Schwab Investment Management Inc. increased its holdings in 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 last quarter. Russell Investments Group Ltd. raised its position in 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 acquiring an additional 874,881 shares during the period. Finally, Millennium Management LLC raised its position in Advantage Solutions by 71.7% in the third 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.