Advantage Solutions (NASDAQ:ADV) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Advantage Solutions Inc. (NASDAQ:ADV) passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $29.92 and traded as low as $27.68. Advantage Solutions shares last traded at $28.76, with a volume of 40,290 shares.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ADV shares. Weiss Ratings restated a “sell (d-)” rating on shares of Advantage Solutions in a report on Monday, August 3rd. Morgan Stanley cut their target price on Advantage Solutions from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 6th. Zacks Research upgraded Advantage Solutions from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Wall Street Zen lowered Advantage Solutions from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Advantage Solutions has an average rating of “Hold” and a consensus price target of $42.00.

Advantage Solutions Trading Up 0.5%

The stock has a 50-day simple moving average of $31.19 and a two-hundred day simple moving average of $29.99. The company has a debt-to-equity ratio of 3.77, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market cap of $368.63 million, a PE ratio of -1.35 and a beta of 2.18.

Advantage Solutions (NASDAQ:ADV) last posted its earnings results on Wednesday, August 5th. The company reported ($4.85) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($4.42). Advantage Solutions had a negative net margin of 7.65% and a negative return on equity of 48.15%. The company had revenue of $757.40 million for the quarter, compared to the consensus estimate of $887.30 million. As a group, sell-side analysts anticipate that Advantage Solutions Inc. will post 0.24 EPS for the current year.

Institutional Investors Weigh In On Advantage Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in ADV. State Street Corp bought a new stake in Advantage Solutions in the 2nd quarter worth approximately $3,913,000. Squarepoint Ops LLC bought a new position in shares of Advantage Solutions during the 2nd quarter valued at $456,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Advantage Solutions by 7.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 12,187 shares of the company’s stock valued at $527,000 after buying an additional 887 shares during the period. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Advantage Solutions Company Profile

Advantage Solutions Inc is a provider of outsourced sales and marketing services for consumer goods manufacturers, retailers and other brands. The company helps clients improve how their products are presented, promoted and sold across retail, e-commerce and other consumer channels.

Its services include retail merchandising, sales representation, brand marketing, experiential marketing, digital and omnichannel marketing, category management, analytics and business intelligence. Advantage Solutions also provides services designed to support product launches, in-store execution, shopper engagement and connections between brands and consumers.

The company serves clients primarily in the United States and Canada, working across categories such as food and beverage, consumer packaged goods, health and wellness, beauty and household products.