Advantage Solutions (NASDAQ:ADV) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.
According to Zacks, “Advantage Solutions Inc. is a business solutions provider for consumer goods manufacturers and retailers. The company’s data and technology-enabled omnichannel solutions including sales, retail merchandising, business intelligence, digital commerce and a full suite of marketing services. Advantage Solutions Inc., formerly known as Conyers Park II Acquisition Corp., is headquartered in Irvine, California. “
Several other equities analysts have also commented on the company. Northland Securities initiated coverage on Advantage Solutions in a report on Wednesday, March 24th. They issued a “buy” rating on the stock. Morgan Stanley started coverage on Advantage Solutions in a report on Thursday, April 1st. They issued an “equal weight” rating and a $13.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a “market perform” rating and set a $14.00 target price on shares of Advantage Solutions in a research note on Monday, March 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $13.17.
In other Advantage Solutions news, CFO Dean Kaye purchased 2,582 shares of Advantage Solutions stock in a transaction that occurred on Tuesday, March 23rd. The stock was purchased at an average price of $11.56 per share, for a total transaction of $29,847.92. Following the transaction, the chief financial officer now directly owns 24,457 shares in the company, valued at $282,722.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill L. Griffin purchased 4,290 shares of the firm’s stock in a transaction that occurred on Tuesday, March 23rd. The shares were acquired at an average price of $11.63 per share, with a total value of $49,892.70. Following the purchase, the insider now owns 129,290 shares in the company, valued at $1,503,642.70. The disclosure for this purchase can be found here. Insiders have bought 98,585 shares of company stock worth $1,083,544 in the last quarter.
Large investors have recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new position in Advantage Solutions in the 4th quarter valued at about $31,000. Wade G W & Inc. acquired a new position in shares of Advantage Solutions in the fourth quarter valued at approximately $263,000. BlackRock Inc. purchased a new stake in shares of Advantage Solutions during the fourth quarter worth approximately $22,243,000. Bank of New York Mellon Corp acquired a new stake in shares of Advantage Solutions during the fourth quarter worth $812,000. Finally, Wells Fargo & Company MN purchased a new position in Advantage Solutions in the 4th quarter valued at $516,000. 95.39% of the stock is owned by institutional investors and hedge funds.
Advantage Solutions Company Profile
Advantage Solutions Inc provides outsourced solutions to consumer goods companies 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; administration; and brand-centric merchandising services.
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