Wall Street Zen Downgrades Advantage Solutions (NASDAQ:ADV) to Hold

Advantage Solutions (NASDAQ:ADV) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “hold” rating in a note issued to investors on Saturday.

Other research analysts have also issued reports about the company. Morgan Stanley set a $0.75 price objective on Advantage Solutions in a research report on Tuesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Advantage Solutions in a research note on Wednesday, January 21st. Finally, Canaccord Genuity Group cut their price target on shares of Advantage Solutions from $2.50 to $1.50 and set a “buy” rating on the stock in a report on Wednesday. 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 stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $1.13.

Advantage Solutions Price Performance

Shares of NASDAQ ADV opened at $0.64 on Friday. The company’s fifty day moving average is $0.76 and its two-hundred day moving average is $1.16. The company has a debt-to-equity ratio of 3.00, a quick ratio of 2.20 and a current ratio of 2.25. The firm has a market capitalization of $208.81 million, a P/E ratio of -0.91 and a beta of 2.28. Advantage Solutions has a one year low of $0.49 and a one year high of $2.47.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE raised its holdings in Advantage Solutions by 21.8% during the second quarter. Bank of America Corp DE now owns 71,676 shares of the company’s stock worth $95,000 after purchasing an additional 12,816 shares in the last quarter. Creative Planning bought a new position in Advantage Solutions during the 2nd quarter valued at $26,000. Tower Research Capital LLC TRC boosted its stake in Advantage Solutions by 143.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 35,394 shares of the company’s stock valued at $47,000 after purchasing an additional 20,841 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Advantage Solutions by 220.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 30,346 shares of the company’s stock valued at $46,000 after purchasing an additional 20,864 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Advantage Solutions by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 2,763,633 shares of the company’s stock valued at $2,432,000 after purchasing an additional 21,509 shares during the period. Institutional investors and hedge funds own 49.82% of the company’s stock.

Advantage Solutions Company Profile

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.