Advantage Solutions (NASDAQ:ADV) Trading Down 2.6% – What’s Next?

Advantage Solutions Inc. (NASDAQ:ADV) dropped 2.6% on Monday . The company traded as low as $1.72 and last traded at $1.72. Approximately 97,036 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 713,966 shares. The stock had previously closed at $1.76.

Analysts Set New Price Targets

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

Advantage Solutions Stock Performance

The stock has a 50-day moving average price of $2.37 and a 200 day moving average price of $2.95. The firm has a market capitalization of $510.72 million, a price-to-earnings ratio of -3.85 and a beta of 1.66. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.81.

Institutional Investors Weigh In On Advantage Solutions

Several institutional investors have recently modified their holdings of ADV. CIBC Asset Management Inc purchased a new stake in Advantage Solutions during the 4th quarter worth about $30,000. Humankind Investments LLC purchased a new stake in Advantage Solutions during the fourth quarter worth approximately $31,000. Dynamic Technology Lab Private Ltd purchased a new stake in Advantage Solutions in the fourth quarter valued at $33,000. Forum Financial Management LP purchased a new stake in shares of Advantage Solutions in the fourth quarter valued at about $34,000. Finally, BNP Paribas Financial Markets acquired a new position in Advantage Solutions during the fourth quarter worth $39,000. 49.82% of the stock is owned by hedge funds and other institutional investors.

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.