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

Advantage Solutions Inc. (NASDAQ:ADV) shares are set 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 closing bell on Thursday, March 26th.

Advantage Solutions Stock Down 4.6%

Shares of NASDAQ ADV opened at $0.76 on Monday. The company’s 50 day moving average price is $0.74 and its 200-day moving average price is $1.07. The company has a debt-to-equity ratio of 3.00, a quick ratio of 2.25 and a current ratio of 2.25. Advantage Solutions has a 52-week low of $0.49 and a 52-week high of $2.15. The company has a market capitalization of $247.31 million, a P/E ratio of -1.08 and a beta of 2.28.

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

Analyst Ratings Changes

A number of analysts have weighed in on ADV shares. Wall Street Zen downgraded Advantage Solutions from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Advantage Solutions in a research note on Wednesday, January 21st. Morgan Stanley set a $0.75 target price on Advantage Solutions in a research report 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 note on Wednesday, March 4th. Finally, Zacks Research downgraded Advantage Solutions from a “hold” rating to a “strong sell” rating in a report on Thursday, March 12th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Advantage Solutions currently has a consensus rating of “Reduce” and an average price target of $1.13.

Hedge Funds Weigh In On Advantage Solutions

Several institutional investors have recently made changes to their positions in ADV. Creative Planning bought a new position in shares of Advantage Solutions during the 2nd quarter worth about $26,000. Northwestern Mutual Wealth Management Co. acquired a new position in Advantage Solutions during the 2nd quarter worth approximately $31,000. Two Sigma Investments LP acquired a new position in Advantage Solutions during the 3rd quarter worth approximately $35,000. Virtu Financial LLC bought a new position in Advantage Solutions in the third quarter worth approximately $36,000. Finally, Voleon Capital Management LP bought a new position in Advantage Solutions in the third quarter worth approximately $36,000. Institutional investors and hedge funds 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.