Advantage Solutions (NASDAQ:ADV) Shares Down 6.4% After Earnings Miss

Shares of Advantage Solutions Inc. (NASDAQ:ADV) dropped 6.4% on Friday following a dissappointing earnings announcement. The stock traded as low as $3.50 and last traded at $3.50. Approximately 224,597 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 685,876 shares. The stock had previously closed at $3.74.

The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.24). The firm had revenue of $879.00 million during the quarter, compared to the consensus estimate of $893.04 million. Advantage Solutions had a negative return on equity of 4.51% and a negative net margin of 1.35%. During the same period in the previous year, the company posted ($0.15) EPS.

Wall Street Analyst Weigh In

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

Insider Activity at Advantage Solutions

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ADV. Principal Financial Group Inc. acquired a new position in Advantage Solutions in the 3rd quarter valued at approximately $35,000. Victory Capital Management Inc. bought a new position in Advantage Solutions during the 4th quarter worth $51,000. Quadrature Capital Ltd acquired a new position in Advantage Solutions during the 4th quarter worth about $55,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Advantage Solutions in the 4th quarter valued at about $57,000. Finally, BancFirst Trust & Investment Management increased its stake in shares of Advantage Solutions by 50.0% in the fourth quarter. BancFirst Trust & Investment Management now owns 15,000 shares of the company’s stock valued at $58,000 after buying an additional 5,000 shares during the period. 49.82% of the stock is owned by institutional investors.

Advantage Solutions Stock Down 5.9 %

The stock has a 50-day moving average price of $4.22 and a 200-day moving average price of $3.64. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.87 and a quick ratio of 1.87. The company has a market capitalization of $1.13 billion, a P/E ratio of -18.70 and a beta of 1.57.

About Advantage Solutions

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.