Advantage Solutions (NASDAQ:ADV) Stock Price Down 11.2% – Here’s Why

Advantage Solutions Inc. (NASDAQ:ADV) shares were down 11.2% during trading on Friday . The stock traded as low as $40.22 and last traded at $39.4350. Approximately 15,480 shares were traded during trading, a decline of 71% from the average daily volume of 54,064 shares. The stock had previously closed at $44.43.

Wall Street Analyst Weigh In

Several research analysts have commented on ADV shares. Wall Street Zen downgraded shares of Advantage Solutions from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 7th. Canaccord Genuity Group increased their price objective on shares of Advantage Solutions from $37.50 to $50.00 and gave the company a “buy” rating in a report on Thursday. Weiss Ratings raised shares of Advantage Solutions from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. Morgan Stanley set a $18.75 price objective on shares of Advantage Solutions in a report on Tuesday, March 3rd. Finally, Zacks Research raised shares of Advantage Solutions from a “strong sell” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Advantage Solutions presently has a consensus rating of “Hold” and an average price target of $34.38.

Advantage Solutions Stock Down 10.4%

The company has a 50 day simple moving average of $24.30 and a two-hundred day simple moving average of $23.99. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 3.00. The company has a market capitalization of $521.52 million, a P/E ratio of -2.12 and a beta of 2.21.

Institutional Investors Weigh In On Advantage Solutions

Several large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its stake in Advantage Solutions by 21.8% during the second quarter. Bank of America Corp DE now owns 71,676 shares of the company’s stock worth $95,000 after acquiring an additional 12,816 shares during the last quarter. Creative Planning bought a new stake in Advantage Solutions during the second quarter worth approximately $26,000. Tower Research Capital LLC TRC increased its stake in Advantage Solutions by 143.2% during the second quarter. Tower Research Capital LLC TRC now owns 35,394 shares of the company’s stock worth $47,000 after acquiring an additional 20,841 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Advantage Solutions by 220.0% during the third quarter. BNP Paribas Financial Markets now owns 30,346 shares of the company’s stock worth $46,000 after acquiring an additional 20,864 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Advantage Solutions by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 2,763,633 shares of the company’s stock worth $2,432,000 after acquiring an additional 21,509 shares during the last quarter. 49.82% of the stock is owned by institutional investors.

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.