Advantage Solutions (NASDAQ:ADV) Upgraded at Zacks Research

Zacks Research upgraded shares of Advantage Solutions (NASDAQ:ADV) from a strong sell rating to a hold rating in a research note published on Monday morning,Zacks reports.

Several other analysts have also recently weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Advantage Solutions in a research note on Monday, August 3rd. Morgan Stanley lowered their target price on shares of Advantage Solutions from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, August 6th. Finally, Wall Street Zen downgraded shares of Advantage Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $42.00.

Advantage Solutions Stock Up 6.3%

ADV opened at $28.98 on Monday. Advantage Solutions has a fifty-two week low of $12.23 and a fifty-two week high of $47.45. 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 company has a market capitalization of $371.52 million, a P/E ratio of -1.36 and a beta of 2.18. The stock has a fifty day moving average of $32.35 and a 200-day moving average of $34.05.

Advantage Solutions (NASDAQ:ADV) last announced its earnings results on Wednesday, August 5th. The company reported ($4.85) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $757.40 million during the quarter, compared to the consensus estimate of $887.30 million. On average, equities analysts expect that Advantage Solutions will post 0.24 EPS for the current year.

Institutional Investors Weigh In On Advantage Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the company. Squarepoint Ops LLC bought a new position in Advantage Solutions in the 2nd quarter valued at about $456,000. 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 worth $527,000 after acquiring an additional 887 shares during the period. State Street Corp bought a new stake in shares of Advantage Solutions during the 2nd quarter worth approximately $3,913,000. Finally, CastleKnight Management LP boosted its position in shares of Advantage Solutions by 18.1% during the 4th quarter. CastleKnight Management LP now owns 11,794,950 shares of the company’s stock worth $10,380,000 after acquiring an additional 1,806,891 shares in the last quarter. Institutional investors own 49.82% of the company’s stock.

Advantage Solutions Company Profile

Advantage Solutions Inc (NASDAQ: ADV) is a provider of outsourced sales and marketing services for consumer goods manufacturers, retailers and other brands. The company helps clients plan and execute strategies intended to improve brand visibility, customer engagement and sales across retail and digital channels.

Its services include retail merchandising, sales management, brand and shopper marketing, experiential marketing, digital commerce, business analytics and media services. Advantage Solutions works with clients across categories such as food and beverage, household products, health and wellness, beauty and personal care, and consumer technology.

The company serves businesses primarily across North America through a network of field representatives, marketing professionals and specialized service teams.