Advantage Solutions (NASDAQ:ADV) Trading Down 8.9% – Here’s Why

Advantage Solutions Inc. (NASDAQ:ADV) traded down 8.9% on Monday . The stock traded as low as $0.6827 and last traded at $0.6921. 601,439 shares traded hands during trading, a decline of 18% from the average session volume of 730,493 shares. The stock had previously closed at $0.7601.

Wall Street Analyst Weigh In

ADV has been the topic of a number of research reports. Morgan Stanley dropped their price target on Advantage Solutions from $2.00 to $1.50 and set an “equal weight” rating on the stock in a research note on Wednesday, December 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Advantage Solutions in a report on Wednesday, January 21st. Finally, Wall Street Zen upgraded Advantage Solutions from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. One investment 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, Advantage Solutions presently has an average rating of “Hold” and a consensus price target of $2.00.

Advantage Solutions Price Performance

The firm has a market cap of $225.81 million, a P/E ratio of -0.92 and a beta of 2.19. The company has a fifty day moving average of $0.88 and a 200-day moving average of $1.29. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.20 and a quick ratio of 2.20.

Advantage Solutions (NASDAQ:ADV) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.18). Advantage Solutions had a negative return on equity of 34.40% and a negative net margin of 6.97%.The firm had revenue of $915.01 million for the quarter, compared to analysts’ expectations of $933.56 million. On average, sell-side analysts anticipate that Advantage Solutions Inc. will post -0.51 EPS for the current fiscal year.

Institutional Investors Weigh In On Advantage Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in ADV. Geode Capital Management LLC boosted its stake in shares of Advantage Solutions by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 2,763,633 shares of the company’s stock worth $2,432,000 after buying an additional 21,509 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Advantage Solutions by 40.7% during the third quarter. Vanguard Group Inc. now owns 2,675,768 shares of the company’s stock worth $4,094,000 after acquiring an additional 773,560 shares during the period. Millennium Management LLC boosted 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 purchasing an additional 824,239 shares during the last quarter. Empowered Funds LLC grew its stake in Advantage Solutions by 4.0% in the 1st quarter. Empowered Funds LLC now owns 1,769,040 shares of the company’s stock valued at $2,671,000 after purchasing an additional 68,177 shares during the period. Finally, Contrarian Capital Management L.L.C. grew its stake in Advantage Solutions by 5.5% in the 3rd quarter. Contrarian Capital Management L.L.C. now owns 1,700,000 shares of the company’s stock valued at $2,601,000 after purchasing an additional 88,860 shares during the period. 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.