Zacks Research Upgrades Advantage Solutions (NASDAQ:ADV) to Hold

Key Points

• Zacks Research upgraded Advantage Solutions (NASDAQ:ADV) from a "strong sell" to a "hold" in a report released on Monday.
• Analyst sentiment is mixed—one Buy, two Hold and one Sell—resulting in an average rating of "Hold" and an average price target of $28.13.
• The stock opened at $37.78 with a market cap of $494.92 million and a 52‑week range of $12.23–$53.63, while several institutions (notably CastleKnight, Charles Schwab, Russell and Millennium) recently increased positions, leaving about 49.8% institutional ownership.

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 report released on Monday,Zacks.com reports.

Other research analysts also recently issued reports about the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Advantage Solutions in a research report on Wednesday, January 21st. Morgan Stanley set a $18.75 target price on shares of Advantage Solutions in a research report on Tuesday, March 3rd. Wall Street Zen cut shares of Advantage Solutions from a "strong-buy" rating to a "hold" rating in a research report on Saturday, March 7th. Finally, Canaccord Genuity Group lowered their price objective on shares of Advantage Solutions from $62.50 to $37.50 and set a "buy" rating for the company in a report on Wednesday, March 4th. 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 company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $28.13.

Advantage Solutions Price Performance

Shares of Advantage Solutions stock opened at $37.78 on Monday. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 3.00. The company has a market cap of $494.92 million, a PE ratio of -2.16 and a beta of 2.21. The business has a 50 day moving average of $23.06 and a 200 day moving average of $23.86. Advantage Solutions has a 52 week low of $12.23 and a 52 week high of $53.63.

Institutional Trading of Advantage Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of ADV. CastleKnight Management LP raised its holdings in Advantage Solutions by 18.1% in 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. Stoic Point Capital Management LLC bought a new stake in shares of Advantage Solutions during the fourth quarter valued at approximately $1,375,000. Charles Schwab Investment Management Inc. increased its position in shares of Advantage Solutions by 37.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,761,016 shares of the company's stock valued at $3,310,000 after acquiring an additional 1,024,633 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Advantage Solutions by 337.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,134,401 shares of the company's stock worth $1,736,000 after acquiring an additional 874,881 shares during the last quarter. Finally, Millennium Management LLC lifted its position in Advantage Solutions by 71.7% in the 3rd quarter. Millennium Management LLC now owns 1,973,940 shares of the company's stock valued at $3,020,000 after acquiring an additional 824,239 shares in the last quarter. 49.82% of the stock is currently owned by institutional investors.

About Advantage Solutions

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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