Advantage Solutions (NASDAQ:ADV) Shares to Reverse Split on Friday, March 27th

Shares of Advantage Solutions Inc. (NASDAQ:ADV) are going to reverse split before the market opens on Friday, March 27th. The 1-25 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, March 26th.

Advantage Solutions Price Performance

ADV stock opened at $0.82 on Thursday. The company has a debt-to-equity ratio of 3.00, a quick ratio of 2.25 and a current ratio of 2.25. The firm has a 50 day moving average price of $0.74 and a 200-day moving average price of $1.09. Advantage Solutions has a 52-week low of $0.49 and a 52-week high of $2.15. The firm has a market capitalization of $266.17 million, a price-to-earnings ratio of -1.17 and a beta of 2.28.

Advantage Solutions (NASDAQ:ADV) last issued its quarterly 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 return on equity of 34.48% and a negative net margin of 6.43%.The company had revenue of $932.13 million during the quarter, compared to the consensus estimate of $885.20 million. Equities research analysts forecast that Advantage Solutions will post -0.51 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on ADV. Weiss Ratings restated a “sell (d-)” rating on shares of Advantage Solutions in a report on Wednesday, January 21st. Zacks Research cut shares of Advantage Solutions from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 12th. Morgan Stanley set a $0.75 price objective on shares of Advantage Solutions in a research report on Tuesday, March 3rd. Canaccord Genuity Group reduced their price objective on shares of Advantage Solutions from $2.50 to $1.50 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Finally, Wall Street Zen cut shares of Advantage Solutions from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 7th. One 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. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $1.13.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ADV. Empowered Funds LLC boosted its position 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 valued at $2,671,000 after buying an additional 68,177 shares during the last quarter. Strs Ohio purchased a new position in Advantage Solutions in the 1st quarter worth about $117,000. Creative Planning bought a new position in Advantage Solutions during the 2nd quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. bought a new position in Advantage Solutions during the 2nd quarter valued at about $31,000. Finally, Kennedy Capital Management LLC boosted its holdings in shares of Advantage Solutions by 9.4% during the 2nd quarter. Kennedy Capital Management LLC now owns 277,584 shares of the company’s stock valued at $366,000 after acquiring an additional 23,880 shares during the last quarter. Hedge funds and other institutional investors 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.