Zacks Research Upgrades Advantage Solutions (NASDAQ:ADV) to Hold

Advantage Solutions (NASDAQ:ADV) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on the company. Wall Street Zen cut Advantage Solutions from a “strong-buy” rating to a “hold” rating in a research note on Saturday, March 7th. Canaccord Genuity Group lowered their target price on shares of Advantage Solutions from $62.50 to $37.50 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Morgan Stanley set a $18.75 target price on shares of Advantage Solutions in a research report on Tuesday, March 3rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Advantage Solutions in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Advantage Solutions currently has an average rating of “Hold” and a consensus target price of $28.13.

Advantage Solutions Price Performance

Shares of NASDAQ:ADV opened at $37.78 on Monday. The company’s fifty day moving average price is $23.06 and its 200 day moving average price is $23.86. Advantage Solutions has a 12 month low of $12.23 and a 12 month high of $53.63. The company has a debt-to-equity ratio of 3.00, a current ratio of 2.25 and a quick ratio of 2.25. The firm has a market capitalization of $494.92 million, a P/E ratio of -2.16 and a beta of 2.21.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ADV. CastleKnight Management LP increased its stake in Advantage Solutions by 18.1% in the fourth quarter. CastleKnight Management LP now owns 11,794,950 shares of the company’s stock valued at $10,380,000 after purchasing an additional 1,806,891 shares during the period. Stoic Point Capital Management LLC acquired a new position in Advantage Solutions in the fourth quarter valued at $1,375,000. Charles Schwab Investment Management Inc. increased its stake in Advantage Solutions by 37.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,761,016 shares of the company’s stock valued at $3,310,000 after purchasing an additional 1,024,633 shares during the period. Russell Investments Group Ltd. increased its stake in Advantage Solutions by 337.1% in the third quarter. Russell Investments Group Ltd. now owns 1,134,401 shares of the company’s stock valued at $1,736,000 after purchasing an additional 874,881 shares during the period. Finally, Millennium Management LLC increased its stake in Advantage Solutions by 71.7% in the third quarter. Millennium Management LLC now owns 1,973,940 shares of the company’s stock valued at $3,020,000 after purchasing an additional 824,239 shares during the period. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Advantage Solutions Company Profile

Advantage Solutions is a leading sales and marketing agency that provides outsourced solutions to consumer packaged goods companies. The firm’s offerings include field sales execution, retail merchandising, in-store and shopper marketing, e-commerce activation and data-driven analytics. By deploying dedicated sales teams alongside proprietary technology, Advantage Solutions helps brands optimize shelf placement, ensure compliance with promotional programs and strengthen consumer engagement.

The company’s service portfolio spans field sales and marketing, retail execution, brand ambassador programs, digital and experiential promotions, and shopper insights.