Advantage Solutions (NASDAQ:ADV) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research upgraded Advantage Solutions from “strong sell” to “hold,” while other analysts remain mixed; the stock has an overall “Hold” rating and an average price target of $42.
• Advantage Solutions reported a significant quarterly earnings miss, posting a loss of $4.85 per share versus the consensus loss estimate of $0.43, while revenue of $757.4 million fell short of expectations.
• The stock opened at $27.25 and has declined 0.4%, with a market capitalization of approximately $349 million; institutional investors own nearly 50% of outstanding shares.

Advantage Solutions (NASDAQ:ADV - Get Free Report) was upgraded by research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a note issued to investors on Monday, Zacks reports.

A number of other brokerages have also commented on ADV. Morgan Stanley cut their price target on Advantage Solutions from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 6th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Advantage Solutions in a report on Monday, August 3rd. Finally, Wall Street Zen lowered Advantage Solutions from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $42.00.

Advantage Solutions Trading Down 0.4%

Shares of ADV stock opened at $27.25 on Monday. Advantage Solutions has a fifty-two week low of $12.23 and a fifty-two week high of $47.45. The stock's fifty day moving average price is $32.64 and its two-hundred day moving average price is $33.98. 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 cap of $349.35 million, a PE ratio of -1.28 and a beta of 2.18.

Advantage Solutions (NASDAQ:ADV - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($4.85) earnings per share for the quarter, missing the consensus estimate of ($0.43) by ($4.42). The business had revenue of $757.40 million during the quarter, compared to analyst estimates of $887.30 million. Advantage Solutions had a negative net margin of 7.65% and a negative return on equity of 48.15%. Equities analysts predict that Advantage Solutions will post 0.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Advantage Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the company. 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 in the last quarter. State Street Corp bought a new stake in Advantage Solutions in the 2nd quarter valued at about $3,913,000. Squarepoint Ops LLC bought a new stake in Advantage Solutions in the 2nd quarter valued at about $456,000. Finally, Bank of New York Mellon Corp raised its stake in 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 buying an additional 887 shares during the period. Institutional investors and hedge funds 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.

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