Advantage Solutions (NASDAQ:ADV) Shares Down 4.4% - Should You Sell?

Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report)'s share price fell 4.4% during trading on Monday . The company traded as low as $1.63 and last traded at $1.63. 192,537 shares changed hands during trading, a decline of 73% from the average session volume of 706,732 shares. The stock had previously closed at $1.70.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group cut their price objective on shares of Advantage Solutions from $5.50 to $3.50 and set a "buy" rating for the company in a research report on Tuesday, March 11th.

Advantage Solutions Price Performance

The stock's fifty day moving average price is $2.41 and its 200-day moving average price is $3.01. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market cap of $535.15 million, a PE ratio of -4.06 and a beta of 1.66.

Hedge Funds Weigh In On Advantage Solutions

Large investors have recently made changes to their positions in the stock. Forum Financial Management LP purchased a new position in Advantage Solutions during the 4th quarter valued at about $34,000. Mosaic Family Wealth Partners LLC increased its holdings in Advantage Solutions by 10.8% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 360,000 shares of the company's stock valued at $1,051,000 after acquiring an additional 35,000 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Advantage Solutions by 18.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 230,293 shares of the company's stock valued at $672,000 after acquiring an additional 35,352 shares in the last quarter. Sovereign s Capital Management LLC purchased a new position in Advantage Solutions during the 4th quarter valued at about $2,599,000. Finally, State of Wyoming purchased a new position in Advantage Solutions during the 4th quarter valued at about $99,000. Hedge funds and other institutional investors own 49.82% of the company's stock.

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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.