Advantage Solutions (NASDAQ:ADV) Hits New 12-Month Low at $1.70

Advantage Solutions Inc. (NASDAQ:ADV – Get Rating)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $1.70 and last traded at $1.86, with a volume of 88810 shares traded. The stock had previously closed at $1.89.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ADV. The Goldman Sachs Group raised their target price on Advantage Solutions from $2.60 to $2.90 and gave the stock a “neutral” rating in a research report on Friday, March 3rd. Morgan Stanley reduced their price objective on Advantage Solutions from $4.00 to $3.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 4th.

Advantage Solutions Trading Down 2.7 %

The company has a debt-to-equity ratio of 1.65, a current ratio of 1.93 and a quick ratio of 1.93. The company has a fifty day simple moving average of $2.38 and a two-hundred day simple moving average of $2.51. The company has a market capitalization of $586.31 million, a P/E ratio of -0.42 and a beta of 1.52.

Hedge Funds Weigh In On Advantage Solutions

A number of institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP bought a new position in Advantage Solutions during the third quarter valued at about $66,000. Contrarian Capital Management L.L.C. bought a new position in Advantage Solutions during the second quarter valued at about $380,000. Prudential Financial Inc. increased its stake in Advantage Solutions by 4.0% during the third quarter. Prudential Financial Inc. now owns 302,415 shares of the company’s stock valued at $644,000 after acquiring an additional 11,600 shares during the period. Pinnacle Wealth Planning Services Inc. bought a new position in Advantage Solutions during the third quarter valued at about $27,000. Finally, SG Americas Securities LLC boosted its holdings in Advantage Solutions by 92.5% during the third quarter. SG Americas Securities LLC now owns 58,992 shares of the company’s stock valued at $126,000 after purchasing an additional 28,347 shares in the last quarter. 26.14% of the stock is currently owned by institutional investors.

About Advantage Solutions

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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.