Advantage Solutions (NASDAQ:ADV) Reaches New 1-Year Low – Should You Sell?

Advantage Solutions Inc. (NASDAQ:ADV) reached a new 52-week low during trading on Tuesday . The company traded as low as $1.51 and last traded at $1.58, with a volume of 91490 shares trading hands. The stock had previously closed at $1.58.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reduced their price target on Advantage Solutions from $5.50 to $3.50 and set a “buy” rating on the stock in a research report on Tuesday, March 11th.

Advantage Solutions Price Performance

The company has a market capitalization of $509.43 million, a price-to-earnings ratio of -3.87 and a beta of 1.66. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.90 and a current ratio of 1.90. The business has a 50 day moving average price of $2.47 and a 200-day moving average price of $3.04.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Forum Financial Management LP acquired a new position in Advantage Solutions during the 4th quarter worth approximately $34,000. Mosaic Family Wealth Partners LLC raised its stake in Advantage Solutions by 10.8% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 360,000 shares of the company’s stock worth $1,051,000 after buying an additional 35,000 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Advantage Solutions by 18.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 230,293 shares of the company’s stock worth $672,000 after buying an additional 35,352 shares during the period. Sovereign s Capital Management LLC acquired a new position in Advantage Solutions during the 4th quarter worth approximately $2,599,000. Finally, State of Wyoming acquired a new position in Advantage Solutions during the 4th quarter worth approximately $99,000. 49.82% of the stock is owned by institutional investors and hedge funds.

Advantage Solutions Company Profile

Advantage Solutions Inc provides business solutions to consumer goods manufacturers 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; and brand-centric merchandising services.