Short Interest in Advantage Solutions Inc. (NASDAQ:ADV) Grows By 11.1%


Advantage Solutions Inc. (NASDAQ:ADV – Get Free Report) saw a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 8,740,000 shares, an increase of 11.1% from the May 15th total of 7,870,000 shares. Based on an average daily volume of 891,400 shares, the days-to-cover ratio is presently 9.8 days. Currently, 33.8% of the shares of the company are sold short.

Advantage Solutions Price Performance

Shares of Advantage Solutions stock opened at $2.78 on Monday. Advantage Solutions has a twelve month low of $1.85 and a twelve month high of $4.95. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.95 and a current ratio of 1.95. The firm has a market cap of $895.66 million, a P/E ratio of -39.71 and a beta of 1.50. The firm’s 50-day simple moving average is $3.79 and its 200-day simple moving average is $3.82.

Advantage Solutions (NASDAQ:ADV – Get Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.24). The company had revenue of $879.00 million for the quarter, compared to analyst estimates of $893.04 million. Advantage Solutions had a negative net margin of 0.36% and a negative return on equity of 5.26%. During the same period in the previous year, the firm posted ($0.15) earnings per share.

Analyst Ratings Changes

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

Read Our Latest Stock Report on ADV

Institutional Trading of Advantage Solutions

A number of large investors have recently bought and sold shares of ADV. Price T Rowe Associates Inc. MD increased its holdings in shares of Advantage Solutions by 22.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 25,007 shares of the company’s stock worth $109,000 after buying an additional 4,584 shares in the last quarter. BancFirst Trust & Investment Management raised its position in 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 boosted its stake in Advantage Solutions by 49.8% in the fourth quarter. Caprock Group LLC now owns 18,702 shares of the company’s stock worth $68,000 after purchasing an additional 6,220 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Advantage Solutions during the first quarter worth $29,000. Finally, SG Americas Securities LLC increased its stake in shares of Advantage Solutions by 25.8% in the fourth quarter. SG Americas Securities LLC now owns 49,288 shares of the company’s stock valued at $178,000 after buying an additional 10,103 shares in the last quarter. 49.82% of the stock is currently owned by institutional investors.

About Advantage Solutions

(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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