Advantage Solutions (NASDAQ:ADV) Shares Gap Down to $4.26

Advantage Solutions Inc. (NASDAQ:ADV) gapped down before the market opened on Thursday . The stock had previously closed at $4.26, but opened at $3.23. Advantage Solutions shares last traded at $3.19, with a volume of 296,403 shares trading hands.

Analyst Ratings Changes

Separately, TheStreet raised shares of Advantage Solutions from a “d” rating to a “c-” rating in a report on Thursday, February 29th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $3.43.

Advantage Solutions Trading Down 13.6 %

The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.87 and a current ratio of 1.87. The stock has a fifty day moving average of $4.22 and a 200-day moving average of $3.64. The company has a market cap of $1.18 billion, a PE ratio of -21.30 and a beta of 1.57.

Advantage Solutions (NASDAQ:ADV) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08). The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.14 billion. Advantage Solutions had a negative return on equity of 4.51% and a negative net margin of 1.35%. Sell-side analysts anticipate that Advantage Solutions Inc. will post 0.47 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Jack Anthony Pestello bought 10,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was bought at an average cost of $3.87 per share, for a total transaction of $38,700.00. Following the purchase, the chief operating officer now directly owns 146,279 shares of the company’s stock, valued at $566,099.73. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Advantage Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in shares of Advantage Solutions in the 3rd quarter valued at about $111,000. Bank of New York Mellon Corp grew its position in Advantage Solutions by 2.7% in the third quarter. Bank of New York Mellon Corp now owns 903,357 shares of the company’s stock worth $2,566,000 after acquiring an additional 23,702 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Advantage Solutions during the 3rd quarter worth about $76,000. Levin Capital Strategies L.P. increased its position in shares of Advantage Solutions by 66.7% during the third quarter. Levin Capital Strategies L.P. now owns 200,000 shares of the company’s stock valued at $568,000 after acquiring an additional 80,000 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in Advantage Solutions in the third quarter valued at approximately $35,000. 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.