Advantage Solutions (NASDAQ:ADV) Stock Price Crosses Below 200-Day Moving Average - What's Next?

Key Points

• Advantage Solutions shares fell below their 200-day moving average of $30.63, trading as low as $29.75 and last at $30.51; the stock was reported down 2.9%.
• Analyst views are mixed, but MarketBeat’s consensus rating is Hold, with a $42 average price target. Recent changes included upgrades to Hold and Morgan Stanley lowering its target to $34 while maintaining Equal Weight.
• Institutional investors own about 49.82% of the company’s shares, with several firms recently adding to or initiating positions.

Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report) passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $30.63 and traded as low as $29.75. Advantage Solutions shares last traded at $30.51, with a volume of 64,162 shares trading hands.

Analyst Ratings Changes

ADV has been the subject of several recent analyst reports. Weiss Ratings reissued a "sell (d-)" rating on shares of Advantage Solutions in a report on Friday, October 30th. Wall Street Zen upgraded shares of Advantage Solutions from a "sell" rating to a "hold" rating in a research note on Saturday. Morgan Stanley cut their target price on shares of 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. Finally, Zacks Research raised shares of Advantage Solutions from a "strong sell" rating to a "hold" rating in a research report on Monday, October 5th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $42.00.

Advantage Solutions Trading Down 2.9%

The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 3.96. The company has a market cap of $389.61 million, a price-to-earnings ratio of -1.23 and a beta of 2.21. The firm has a 50-day moving average price of $30.87 and a 200 day moving average price of $30.63.

Institutional Investors Weigh In On Advantage Solutions

A number of institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp boosted its holdings in shares of 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 acquiring an additional 887 shares in the last quarter. State of Wyoming bought a new stake in Advantage Solutions during the third quarter worth approximately $93,000. Squarepoint Ops LLC bought a new stake in Advantage Solutions during the second quarter worth approximately $456,000. Stoic Point Capital Management LLC raised its holdings 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 purchasing an additional 12,278 shares in the last quarter. Finally, Empowered Funds LLC acquired a new stake in Advantage Solutions in the third quarter worth approximately $1,240,000. Institutional investors 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.

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