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

Wall Street Zen lowered shares of Advantage Solutions (NASDAQ:ADV) from a hold rating to a sell rating in a report released on Saturday.

Other equities research analysts have also issued research reports about the company. Zacks Research raised Advantage Solutions from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Advantage Solutions in a research note on Monday, August 3rd. Canaccord Genuity Group raised their price target on Advantage Solutions from $37.50 to $50.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Morgan Stanley dropped their price target on Advantage Solutions from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Advantage Solutions currently has an average rating of “Hold” and an average price target of $42.00.

Advantage Solutions Stock Performance

NASDAQ ADV opened at $29.88 on Friday. Advantage Solutions has a 1 year low of $12.23 and a 1 year high of $53.63. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a market capitalization of $397.40 million, a PE ratio of -1.40 and a beta of 2.18. The company’s 50 day simple moving average is $38.40 and its two-hundred day simple moving average is $29.96.

Advantage Solutions (NASDAQ:ADV) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($4.85) 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 net margin of 7.65% and a negative return on equity of 48.15%. Analysts predict that Advantage Solutions will post 3.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Advantage Solutions news, CEO David A. Peacock purchased 800 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were purchased at an average cost of $34.60 per share, with a total value of $27,680.00. Following the completion of the purchase, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 9.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Advantage Solutions

Several institutional investors and hedge funds have recently made changes to their positions in ADV. Empowered Funds LLC lifted its stake in Advantage Solutions by 4.0% in the first quarter. Empowered Funds LLC now owns 1,769,040 shares of the company’s stock worth $2,671,000 after purchasing an additional 68,177 shares during the last quarter. Strs Ohio bought a new position in shares of Advantage Solutions during the first quarter valued at about $117,000. Creative Planning bought a new position in shares of Advantage Solutions during the second quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Advantage Solutions in the second quarter worth about $31,000. Finally, Bank of America Corp DE increased its holdings in shares of Advantage Solutions by 21.8% in the second quarter. Bank of America Corp DE now owns 71,676 shares of the company’s stock worth $95,000 after buying an additional 12,816 shares during the period. Institutional investors 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.