Advantage Solutions (NASDAQ:ADV) Stock Price Down 7.4%


Advantage Solutions Inc. (NASDAQ:ADV – Get Free Report) shares dropped 7.4% during trading on Thursday . The company traded as low as $2.74 and last traded at $2.74. Approximately 750,039 shares traded hands during mid-day trading, a decline of 5% from the average daily volume of 788,426 shares. The stock had previously closed at $2.96.

Analyst Upgrades and Downgrades

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

Read Our Latest Report on Advantage Solutions

Advantage Solutions Trading Down 7.4 %

The company has a market cap of $882.77 million, a PE ratio of -39.14 and a beta of 1.50. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.66. The business has a 50-day simple moving average of $3.71 and a 200-day simple moving average of $3.82.

Advantage Solutions (NASDAQ:ADV – Get Free Report) last announced its earnings results on Thursday, May 9th. 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 during the quarter, compared to analysts’ expectations 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 earned ($0.15) EPS. On average, analysts predict that Advantage Solutions Inc. will post 0.48 EPS for the current fiscal year.

Institutional Trading of Advantage Solutions

A number of large investors have recently modified their holdings of ADV. Atairos Partners GP Inc. increased its position in shares of Advantage Solutions by 114.7% during the fourth quarter. Atairos Partners GP Inc. now owns 4,253,728 shares of the company’s stock worth $15,398,000 after acquiring an additional 2,272,428 shares during the period. BlackBarn Capital Partners LP purchased a new stake in shares of Advantage Solutions during the fourth quarter worth $2,956,000. Kent Lake Capital LLC increased its position in shares of Advantage Solutions by 84.8% during the third quarter. Kent Lake Capital LLC now owns 1,600,000 shares of the company’s stock worth $4,544,000 after acquiring an additional 734,020 shares during the period. Kennedy Capital Management LLC purchased a new stake in shares of Advantage Solutions during the third quarter worth $2,070,000. Finally, Ancora Advisors LLC increased its position in shares of Advantage Solutions by 546.4% during the third quarter. Ancora Advisors LLC now owns 678,140 shares of the company’s stock worth $1,926,000 after acquiring an additional 573,230 shares during the period. Hedge funds and other institutional investors own 49.82% of the company’s stock.

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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