Morgan Stanley Lowers Advantage Solutions (NASDAQ:ADV) Price Target to $34.00

Key Points

• Morgan Stanley lowered Advantage Solutions’ price target from $35 to $34 while maintaining an “equal weight” rating, implying 46.93% potential upside from the prior close.
• Analyst sentiment remains mixed: the stock has an overall “Hold” consensus with a $42 average target, alongside ratings ranging from “Buy” to “Sell.”
• Advantage Solutions reported a quarterly loss of $4.85 per share, substantially missing the $0.43 loss estimate, despite revenue of $889.45 million slightly exceeding expectations.

Advantage Solutions (NASDAQ:ADV - Get Free Report) had its price target cut by Morgan Stanley from $35.00 to $34.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Morgan Stanley's price target would indicate a potential upside of 46.93% from the company's previous close.

A number of other analysts have also recently issued reports on the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Advantage Solutions in a research report on Monday. Zacks Research raised shares of Advantage Solutions from a "strong sell" rating to a "hold" rating in a research report on Monday, May 4th. Finally, Canaccord Genuity Group raised their price target on shares of Advantage Solutions from $37.50 to $50.00 and gave the company a "buy" rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $42.00.

Advantage Solutions Price Performance

Shares of ADV traded down $9.88 during mid-day trading on Thursday, hitting $23.14. The company's stock had a trading volume of 140,753 shares, compared to its average volume of 88,576. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.95 and a quick ratio of 1.95. The stock has a market capitalization of $307.65 million, a price-to-earnings ratio of -1.22 and a beta of 2.18. Advantage Solutions has a fifty-two week low of $12.23 and a fifty-two week high of $53.63. The firm has a 50-day moving average price of $39.02 and a 200 day moving average price of $29.80.

Advantage Solutions (NASDAQ:ADV - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($4.85) EPS for the quarter, missing analysts' consensus estimates of ($0.43) by ($4.42). The business had revenue of $889.45 million for the quarter, compared to analyst estimates of $887.30 million. Advantage Solutions had a negative return on equity of 37.22% and a negative net margin of 6.78%. On average, research analysts predict that Advantage Solutions will post 3.1 EPS for the current fiscal year.

Insider Activity at Advantage Solutions

In other Advantage Solutions news, CEO David A. Peacock acquired 800 shares of the business's stock in a transaction that occurred on Monday, May 18th. The stock was acquired at an average price of $34.60 per share, with a total value of $27,680.00. Following the transaction, the chief executive officer owned 216,364 shares of the company's stock, valued at approximately $7,486,194.40. This trade represents a 0.37% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 9.70% of the company's stock.

Institutional Trading of Advantage Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ADV. CastleKnight Management LP lifted its holdings in shares of Advantage Solutions by 18.1% during the fourth quarter. CastleKnight Management LP now owns 11,794,950 shares of the company's stock worth $10,380,000 after buying an additional 1,806,891 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of 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 worth $3,310,000 after acquiring an additional 1,024,633 shares during the last quarter. Geode Capital Management LLC increased its position 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 period. Vanguard Group Inc. increased its position in Advantage Solutions by 40.7% during the third quarter. Vanguard Group Inc. now owns 2,675,768 shares of the company's stock worth $4,094,000 after acquiring an additional 773,560 shares during the period. Finally, State Street Corp increased its position in Advantage Solutions by 4.2% during the fourth quarter. State Street Corp now owns 2,180,442 shares of the company's stock worth $1,919,000 after acquiring an additional 88,129 shares during the period. Institutional investors and hedge funds own 49.82% of the company's stock.

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.

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