Advantage Solutions (NASDAQ:ADV - Get Free Report) had its price target cut by Canaccord Genuity Group from $3.50 to $2.50 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Canaccord Genuity Group's target price indicates a potential upside of 98.41% from the company's previous close.
Advantage Solutions Stock Performance
Shares of NASDAQ ADV traded up $0.17 during trading hours on Tuesday, hitting $1.26. 1,406,332 shares of the company's stock were exchanged, compared to its average volume of 668,271. Advantage Solutions has a 1-year low of $1.04 and a 1-year high of $4.16. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market capitalization of $404.98 million, a price-to-earnings ratio of -3.07 and a beta of 2.10. The company's 50-day moving average price is $1.38 and its 200-day moving average price is $2.39.
Hedge Funds Weigh In On Advantage Solutions
Several large investors have recently made changes to their positions in ADV. Cornerstone Wealth Management LLC acquired a new position in shares of Advantage Solutions during the 1st quarter worth about $25,000. CIBC Asset Management Inc acquired a new position in Advantage Solutions in the 4th quarter valued at approximately $30,000. Humankind Investments LLC acquired a new position in Advantage Solutions in the 4th quarter valued at approximately $31,000. Dynamic Technology Lab Private Ltd acquired a new position in Advantage Solutions in the 4th quarter valued at approximately $33,000. Finally, Forum Financial Management LP acquired a new position in Advantage Solutions in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 49.82% of the company's stock.
About Advantage Solutions
(
Get Free Report)
Advantage Solutions Inc provides business solutions to consumer goods manufacturers 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; and brand-centric merchandising services.
Read More
Before you consider Advantage Solutions, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Advantage Solutions wasn't on the list.
While Advantage Solutions currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
