Advantage Solutions (NASDAQ:ADV) Upgraded at Wall Street Zen

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

A number of other equities analysts have also recently commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Advantage Solutions in a research note on Wednesday, January 21st. Morgan Stanley dropped their price objective on shares of Advantage Solutions from $2.00 to $1.50 and set an “equal weight” rating for the company in a report on Wednesday, December 17th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Advantage Solutions presently has a consensus rating of “Hold” and an average price target of $2.00.

Advantage Solutions Price Performance

Advantage Solutions stock opened at $0.55 on Friday. The stock has a market cap of $179.42 million, a price-to-earnings ratio of -0.73 and a beta of 2.19. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 2.35. The business has a 50-day simple moving average of $0.82 and a 200 day simple moving average of $1.23. Advantage Solutions has a 52 week low of $0.53 and a 52 week high of $2.69.

Institutional Investors Weigh In On Advantage Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ADV. Creative Planning bought a new stake in shares of Advantage Solutions in the 2nd quarter worth approximately $26,000. Two Sigma Investments LP bought a new stake in Advantage Solutions in the third quarter worth $35,000. Voleon Capital Management LP purchased a new stake in shares of Advantage Solutions in the third quarter worth $36,000. Virtu Financial LLC purchased a new position in shares of Advantage Solutions in the 3rd quarter worth about $36,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Advantage Solutions in the 2nd quarter worth about $31,000. 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.