Advantage Solutions (NASDAQ:ADV) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday, Zacks.com reports.
According to Zacks, “Advantage Solutions Inc. is a business solutions provider for consumer goods manufacturers and retailers. The company’s data and technology-enabled omnichannel solutions including sales, retail merchandising, business intelligence, digital commerce and a full suite of marketing services. Advantage Solutions Inc., formerly known as Conyers Park II Acquisition Corp., is headquartered in Irvine, California. “
Separately, Morgan Stanley dropped their price target on Advantage Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 23rd.
Shares of NASDAQ ADV traded down $0.51 during midday trading on Tuesday, hitting $7.24. 22,543 shares of the stock traded hands, compared to its average volume of 351,456. Advantage Solutions has a one year low of $7.69 and a one year high of $13.92. The company’s 50 day moving average is $8.60. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.79.
Advantage Solutions (NASDAQ:ADV) last announced its quarterly earnings results on Monday, November 8th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.01). Advantage Solutions had a negative return on equity of 1.63% and a negative net margin of 3.61%. During the same period in the prior year, the company posted $0.20 EPS. On average, equities research analysts anticipate that Advantage Solutions will post 0.89 earnings per share for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in Advantage Solutions by 174.9% in the 2nd quarter. BlackRock Inc. now owns 5,614,661 shares of the company’s stock worth $60,583,000 after buying an additional 3,571,885 shares during the period. Deutsche Bank AG bought a new position in Advantage Solutions during the 2nd quarter valued at approximately $14,504,000. State Street Corp increased its position in Advantage Solutions by 1,765.6% during the 2nd quarter. State Street Corp now owns 1,341,352 shares of the company’s stock valued at $14,473,000 after buying an additional 1,269,452 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Advantage Solutions by 62.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,752,795 shares of the company’s stock worth $18,912,000 after purchasing an additional 671,092 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Advantage Solutions by 323.1% in the second quarter. Northern Trust Corp now owns 841,258 shares of the company’s stock worth $9,077,000 after acquiring an additional 642,417 shares during the period.
Advantage Solutions Company Profile
Advantage Solutions Inc provides outsourced solutions to consumer goods companies and retailers in North America and internationally. It operates in two segments, Sales and Marketing. The Sales segment offers brand-centric services, such as headquarter relationship management; analytics, insights, and intelligence; administration; and brand-centric merchandising services.