Canaccord Genuity Group Cuts Advantage Solutions (NASDAQ:ADV) Price Target to $2.50

Advantage Solutions (NASDAQ:ADV) had its price objective trimmed by Canaccord Genuity Group from $3.50 to $2.50 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Advantage Solutions Price Performance

Shares of ADV stock opened at $1.09 on Tuesday. The company has a market capitalization of $350.34 million, a PE ratio of -2.66 and a beta of 2.10. The firm has a fifty day simple moving average of $1.38 and a 200-day simple moving average of $2.40. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.81. Advantage Solutions has a twelve month low of $1.04 and a twelve month high of $4.16.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its stake in Advantage Solutions by 7.9% during the 4th quarter. Principal Financial Group Inc. now owns 59,558 shares of the company’s stock valued at $174,000 after acquiring an additional 4,351 shares during the last quarter. Ancora Advisors LLC lifted its position in shares of Advantage Solutions by 0.6% in the 4th quarter. Ancora Advisors LLC now owns 829,872 shares of the company’s stock worth $2,423,000 after buying an additional 5,030 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Advantage Solutions by 16.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 39,715 shares of the company’s stock worth $116,000 after buying an additional 5,498 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Advantage Solutions by 1.1% in the 4th quarter. Renaissance Technologies LLC now owns 648,500 shares of the company’s stock worth $1,894,000 after buying an additional 7,000 shares during the last quarter. Finally, Prudential Financial Inc. lifted its position in shares of Advantage Solutions by 1.0% in the 4th quarter. Prudential Financial Inc. now owns 732,675 shares of the company’s stock worth $2,139,000 after buying an additional 7,400 shares during the last quarter. 49.82% of the stock is currently owned by institutional investors.

About Advantage Solutions

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.