Advantage Solutions (NASDAQ:ADV) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen cut shares of Advantage Solutions (NASDAQ:ADV) from a hold rating to a sell rating in a research report sent to investors on Saturday morning.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley lowered their target price on Advantage Solutions from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday. Weiss Ratings restated a “sell (d-)” rating on shares of Advantage Solutions in a research note on Monday, August 3rd. Canaccord Genuity Group lifted their price objective on Advantage Solutions from $37.50 to $50.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Zacks Research raised shares of Advantage Solutions from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $42.00.

Advantage Solutions Stock Performance

Advantage Solutions stock opened at $28.17 on Friday. The company has a 50 day moving average price of $38.56 and a 200-day moving average price of $29.82. The company has a debt-to-equity ratio of 3.77, a quick ratio of 1.95 and a current ratio of 1.79. Advantage Solutions has a fifty-two week low of $12.23 and a fifty-two week high of $53.63. The company has a market capitalization of $374.66 million, a PE ratio of -1.32 and a beta of 2.18.

Advantage Solutions (NASDAQ:ADV) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($4.85) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($4.42). The firm had revenue of $889.45 million during the quarter, compared to the consensus estimate of $887.30 million. Advantage Solutions had a negative return on equity of 48.15% and a negative net margin of 7.65%. As a group, equities analysts forecast that Advantage Solutions will post 3.1 earnings per share for the current year.

Insider Transactions at Advantage Solutions

In related news, CEO David A. Peacock purchased 800 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were acquired at an average cost of $34.60 per share, for a total transaction of $27,680.00. Following the acquisition, the chief executive officer owned 216,364 shares of the company’s stock, valued at $7,486,194.40. The trade was a 0.37% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 9.70% of the company’s stock.

Hedge Funds Weigh In On Advantage Solutions

A number of large investors have recently added to or reduced their stakes in the company. Creative Planning purchased a new position in shares of Advantage Solutions in the 2nd quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Advantage Solutions during the 2nd quarter worth approximately $31,000. Two Sigma Investments LP purchased a new stake in Advantage Solutions during the third quarter valued at approximately $35,000. Virtu Financial LLC purchased a new stake in Advantage Solutions during the third quarter valued at approximately $36,000. Finally, Voleon Capital Management LP acquired a new stake in Advantage Solutions in the third quarter valued at approximately $36,000. 49.82% of the stock is currently owned by institutional investors.

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.