Advantage Solutions (NASDAQ:ADV) Stock Rating Raised to Hold at Wall Street Zen

Key Points

• Wall Street Zen raised Advantage Solutions’ rating from “sell” to “hold.” Zacks Research also rates the stock “hold,” while analyst opinions overall are mixed.
• MarketBeat reports a consensus “hold” rating and a $42 average price target. ADV shares were reported down 2.9%, opening at $30.51.
• Institutional investors and hedge funds own approximately 49.82% of the company’s shares, with several firms recently initiating or increasing positions.

Advantage Solutions (NASDAQ:ADV - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other analysts also recently issued reports on ADV. Morgan Stanley lowered their target price on Advantage Solutions from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 6th. Weiss Ratings reissued a "sell (d-)" rating on shares of Advantage Solutions in a research report on Friday, October 30th. Finally, Zacks Research upgraded Advantage Solutions from a "strong sell" rating to a "hold" rating in a research note on Monday, October 5th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $42.00.

Advantage Solutions Stock Down 2.9%

Shares of ADV stock opened at $30.51 on Friday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 3.96. Advantage Solutions has a 1 year low of $12.23 and a 1 year high of $47.45. The firm's fifty day moving average price is $30.87 and its two-hundred day moving average price is $30.63. The firm has a market capitalization of $389.61 million, a P/E ratio of -1.23 and a beta of 2.21.

Institutional Trading of Advantage Solutions

Large investors have recently added to or reduced their stakes in the company. State Street Corp bought a new stake in shares of Advantage Solutions in the 2nd quarter valued at about $3,913,000. Stoic Point Capital Management LLC increased its position in Advantage Solutions by 27.2% during the third quarter. Stoic Point Capital Management LLC now owns 57,443 shares of the company's stock worth $1,491,000 after buying an additional 12,278 shares during the last quarter. Empowered Funds LLC acquired a new position in Advantage Solutions during the third quarter worth approximately $1,240,000. Bank of New York Mellon Corp raised its stake in Advantage Solutions by 7.8% in the second quarter. Bank of New York Mellon Corp now owns 12,187 shares of the company's stock valued at $527,000 after buying an additional 887 shares during the period. Finally, Squarepoint Ops LLC bought a new stake in Advantage Solutions in the second quarter valued at approximately $456,000. Institutional investors and hedge funds own 49.82% of the company's stock.

Advantage Solutions Company Profile

Advantage Solutions Inc. provides outsourced sales, marketing and retail services to consumer goods companies and retailers. Its work helps clients promote products, improve in-store execution and connect with shoppers across retail channels. The company's services include sales representation, retail merchandising, brand and shopper marketing, product demonstrations, experiential marketing, analytics and digital commerce support. It works with clients across categories such as food and beverage, household products, health and beauty, and consumer electronics.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.