Advantage Solutions (NASDAQ:ADV - Free Report) had its price target cut by Canaccord Genuity Group from $5.50 to $3.50 in a research report released on Tuesday, MarketBeat.com reports. They currently have a buy rating on the stock.
Advantage Solutions Stock Up 3.7 %
NASDAQ ADV traded up $0.06 during mid-day trading on Tuesday, reaching $1.70. The stock had a trading volume of 1,034,370 shares, compared to its average volume of 708,743. Advantage Solutions has a 1 year low of $1.53 and a 1 year high of $4.95. The stock has a market cap of $546.40 million, a PE ratio of -4.15 and a beta of 1.66. The company has a fifty day moving average price of $2.49 and a 200 day moving average price of $3.07. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.90 and a quick ratio of 1.90.
Institutional Investors Weigh In On Advantage Solutions
A number of large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in Advantage Solutions by 11.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,684,721 shares of the company's stock worth $13,679,000 after purchasing an additional 479,348 shares during the period. CastleKnight Management LP grew its position in Advantage Solutions by 61.7% in the 4th quarter. CastleKnight Management LP now owns 3,924,922 shares of the company's stock worth $11,461,000 after purchasing an additional 1,496,994 shares during the period. Bridgeway Capital Management LLC grew its position in Advantage Solutions by 1.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 3,150,863 shares of the company's stock worth $9,201,000 after purchasing an additional 53,105 shares during the period. Empowered Funds LLC grew its position in Advantage Solutions by 5.1% in the 4th quarter. Empowered Funds LLC now owns 1,700,863 shares of the company's stock worth $4,967,000 after purchasing an additional 83,105 shares during the period. Finally, Sovereign s Capital Management LLC bought a new stake in Advantage Solutions in the 4th quarter worth approximately $2,599,000. Institutional investors own 49.82% of the company's stock.
About Advantage Solutions
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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.
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