Advantage Solutions (NASDAQ:ADV) Trading Down 6.4% on Disappointing Earnings



Advantage Solutions Inc. (NASDAQ:ADV – Get Free Report) shares traded down 6.4% during mid-day trading on Friday following a weaker than expected earnings announcement. The stock traded as low as $3.50 and last traded at $3.50. 224,597 shares changed hands during trading, a decline of 67% from the average session volume of 685,876 shares. The stock had previously closed at $3.74.

The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.24). The firm had revenue of $879.00 million for the quarter, compared to analyst estimates of $893.04 million. Advantage Solutions had a negative return on equity of 4.51% and a negative net margin of 1.35%. During the same quarter in the prior year, the business earned ($0.15) EPS.

Analyst Ratings Changes

Separately, TheStreet upgraded Advantage Solutions from a “d” rating to a “c-” rating in a report on Thursday, February 29th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $3.43.

Read Our Latest Stock Report on Advantage Solutions

Insider Buying and Selling at Advantage Solutions

In other news, COO Jack Anthony Pestello bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were purchased at an average price of $3.87 per share, with a total value of $38,700.00. Following the purchase, the chief operating officer now owns 146,279 shares in the company, valued at $566,099.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.20% of the stock is owned by corporate insiders.

Institutional Trading of Advantage Solutions

Several hedge funds have recently modified their holdings of the stock. BancFirst Trust & Investment Management increased its position in shares of Advantage Solutions by 50.0% in the 4th quarter. BancFirst Trust & Investment Management now owns 15,000 shares of the company’s stock valued at $58,000 after purchasing an additional 5,000 shares during the last quarter. Caprock Group LLC increased its holdings in Advantage Solutions by 49.8% in the fourth quarter. Caprock Group LLC now owns 18,702 shares of the company’s stock valued at $68,000 after buying an additional 6,220 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Advantage Solutions in the first quarter valued at $29,000. SG Americas Securities LLC lifted its holdings in Advantage Solutions by 25.8% during the 4th quarter. SG Americas Securities LLC now owns 49,288 shares of the company’s stock worth $178,000 after buying an additional 10,103 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Advantage Solutions by 42.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,924 shares of the company’s stock worth $137,000 after acquiring an additional 11,209 shares in the last quarter. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Advantage Solutions Trading Down 6.1 %

The company has a debt-to-equity ratio of 1.68, a current ratio of 1.87 and a quick ratio of 1.87. The business has a fifty day moving average price of $4.22 and a 200 day moving average price of $3.64.

Advantage Solutions Company Profile

(Get Free Report)

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.

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