Advantage Solutions Inc. (NASDAQ:ADV) Short Interest Update

Advantage Solutions Inc. (NASDAQ:ADV) saw a large decrease in short interest in March. As of March 31st, there was short interest totaling 423,283 shares, a decrease of 95.7% from the March 15th total of 9,929,589 shares. Based on an average daily trading volume, of 82,718 shares, the short-interest ratio is presently 5.1 days. Currently, 3.6% of the company’s stock are sold short.

Analysts Set New Price Targets

A number of analysts have commented on ADV shares. Wall Street Zen cut Advantage Solutions from a “strong-buy” rating to a “hold” rating in a research report on Saturday, March 7th. Canaccord Genuity Group reduced their price objective on Advantage Solutions from $62.50 to $37.50 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Advantage Solutions in a report on Wednesday, January 21st. Morgan Stanley set a $18.75 target price on Advantage Solutions in a research report on Tuesday, March 3rd. Finally, Zacks Research downgraded shares of Advantage Solutions from a “hold” rating to a “strong sell” rating in a report on Thursday, March 12th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Advantage Solutions currently has a consensus rating of “Reduce” and a consensus target price of $28.13.

Advantage Solutions Trading Up 2.9%

ADV stock opened at $26.58 on Friday. Advantage Solutions has a 12-month low of $12.23 and a 12-month high of $53.63. The business’s 50-day moving average is $18.61 and its 200 day moving average is $24.56. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 3.00. The stock has a market cap of $346.87 million, a price-to-earnings ratio of -1.52 and a beta of 1.85.

Institutional Trading of Advantage Solutions

Institutional investors have recently made changes to their positions in the company. Creative Planning purchased a new stake in shares of Advantage Solutions in the 2nd quarter valued at approximately $26,000. Two Sigma Investments LP acquired a new position in shares of Advantage Solutions in the 3rd quarter worth approximately $35,000. Voleon Capital Management LP purchased a new position in shares of Advantage Solutions during the 3rd quarter worth approximately $36,000. Virtu Financial LLC purchased a new position in shares of Advantage Solutions during the 3rd quarter worth approximately $36,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Advantage Solutions in the 2nd quarter valued at approximately $31,000. Hedge funds and other 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.