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

Wall Street Zen cut shares of Advantage Solutions (NASDAQ:ADV) from a strong-buy rating to a hold rating in a research note published on Saturday.

Other research analysts also recently issued reports about the company. Morgan Stanley set a $0.75 price objective on Advantage Solutions in a research note on Tuesday, March 3rd. Canaccord Genuity Group decreased their target price on Advantage Solutions from $2.50 to $1.50 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Advantage Solutions in a report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $1.13.

Advantage Solutions Trading Down 1.3%

Shares of NASDAQ:ADV opened at $0.63 on Friday. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 3.00. The stock has a market capitalization of $206.10 million, a PE ratio of -0.90 and a beta of 2.28. Advantage Solutions has a 1 year low of $0.49 and a 1 year high of $2.15. The firm has a fifty day moving average price of $0.76 and a 200 day moving average price of $1.14.

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

Hedge Funds Weigh In On Advantage Solutions

Institutional investors have recently made changes to their positions in the business. Creative Planning acquired a new position in shares of Advantage Solutions during the 2nd quarter worth about $26,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Advantage Solutions in the 2nd quarter valued at approximately $31,000. Two Sigma Investments LP acquired a new stake in Advantage Solutions in the 3rd quarter valued at approximately $35,000. Virtu Financial LLC bought a new position in Advantage Solutions in the 3rd quarter worth approximately $36,000. Finally, Voleon Capital Management LP bought a new position in Advantage Solutions in the 3rd quarter worth approximately $36,000. 49.82% of the stock is currently owned by institutional investors.

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.