Advantage Solutions (NASDAQ:ADV) Stock Price Down 2.6% – Time to Sell?

Shares of Advantage Solutions Inc. (NASDAQ:ADV) dropped 2.6% during trading on Monday . The company traded as low as $1.72 and last traded at $1.72. Approximately 97,036 shares changed hands during trading, a decline of 86% from the average daily volume of 713,966 shares. The stock had previously closed at $1.76.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group decreased their price target on shares of Advantage Solutions from $5.50 to $3.50 and set a “buy” rating for the company in a research note on Tuesday, March 11th.

Advantage Solutions Stock Performance

The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a market capitalization of $525.50 million, a P/E ratio of -3.99 and a beta of 1.66. The business has a 50-day moving average price of $2.40 and a 200 day moving average price of $2.98.

Institutional Investors Weigh In On Advantage Solutions

Several hedge funds have recently added to or reduced their stakes in the stock. CastleKnight Management LP raised its position in shares of Advantage Solutions by 61.7% in the 4th quarter. CastleKnight Management LP now owns 3,924,922 shares of the company’s stock worth $11,461,000 after purchasing an additional 1,496,994 shares during the last quarter. Sovereign s Capital Management LLC bought a new position in shares of Advantage Solutions in the fourth quarter worth approximately $2,599,000. Dimensional Fund Advisors LP grew its holdings in shares of Advantage Solutions by 11.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,684,721 shares of the company’s stock valued at $13,679,000 after buying an additional 479,348 shares during the last quarter. Millennium Management LLC increased its position in shares of Advantage Solutions by 193.5% during the fourth quarter. Millennium Management LLC now owns 600,149 shares of the company’s stock valued at $1,752,000 after acquiring an additional 395,651 shares in the last quarter. Finally, PNC Financial Services Group Inc. bought a new stake in shares of Advantage Solutions during the fourth quarter valued at approximately $1,022,000. 49.82% of the stock is owned by institutional investors.

Advantage Solutions Company Profile

Advantage Solutions Inc provides business solutions to consumer goods manufacturers and retailers in North America and internationally. It operates in two segments, Sales and Marketing. The Sales segment offers brand-centric services, such as headquarter relationship management; analytics, insights, and intelligence; and brand-centric merchandising services.