In yesterday’s Wall Street session, Advantage Solutions Inc. (NASDAQ:ADV) shares traded at $2.36, up 0.85% from the previous session.
As of this writing, 3 analysts cover Advantage Solutions Inc. (NASDAQ:ADV). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $4.00 and a low of $2.90, we find $3.00. Given the previous closing price of $2.34, this indicates a potential upside of 28.21 percent. ADV stock price is now 32.48% away from the 50-day moving average and 8.26% away from the 200-day moving average. The market capitalization of the company currently stands at $774.86M.
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There are 3 analysts who have given it a hold rating, whereas 0 have given it a buy rating. Brokers who have rated the stock have averaged $3.30 as their price target over the next twelve months.
In other news, KILTS JAMES M, Director bought 10,119 shares of the company’s stock on Jun 02. The stock was bought for $19,067 at an average price of $1.88. Upon completion of the transaction, the Director now directly owns 532,210 shares in the company, valued at $1.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 01, Director KILTS JAMES M bought 9,023 shares of the business’s stock. A total of $17,023 was incurred on buying the stock at an average price of $1.89. This leaves the insider owning 522,091 shares of the company worth $1.23 million. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ADV stock. A new stake in Advantage Solutions Inc. shares was purchased by PARALLAX VOLATILITY ADVISERS, L.P. during the first quarter worth $93,000. VIRTU FINANCIAL LLC invested $73,000 in shares of ADV during the first quarter. In the first quarter, VERITION FUND MANAGEMENT LLC acquired a new stake in Advantage Solutions Inc. valued at approximately $61,000. TWO SIGMA INVESTMENTS, LP acquired a new stake in ADV for approximately $48,000. CUBIST SYSTEMATIC STRATEGIES, LLC purchased a new stake in ADV valued at around $44,000 in the second quarter. In total, there are 168 active investors with 26.90% ownership of the company’s stock.
Monday morning saw Advantage Solutions Inc. (NASDAQ: ADV) opened at $2.3100. During the past 12 months, Advantage Solutions Inc. has had a low of $1.13 and a high of $4.64. As of last week, the company has a debt-to-equity ratio of 1.87, a current ratio of 2.10, and a quick ratio of 2.10. The fifty day moving average price for ADV is $1.7814 and a two-hundred day moving average price translates $2.1799 for the stock.
The latest earnings results from Advantage Solutions Inc. (NASDAQ: ADV) was released for Mar, 2023. According to the Advertising Agencies Company, earnings per share came in at -$0.04, missing analysts’ expectations of $0.08 by -0.12. This compares to $0.06 EPS in the same period last year. The net profit margin was -34.90% and return on equity was -79.90% for ADV. The company reported revenue of $1.01 billion for the quarter, compared to $914.81 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.62 percent. For the current quarter, analysts expect ADV to generate $1.04B in revenue.
Advantage Solutions Inc.(ADV) Company Profile
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. This segment also provides retailer-centric services comprising retailer-centric merchandising, in-store media, and digital commerce. The Marketing segment offers brand-centric services, including shopper and consumer marketing, and brand experiential services; and retailer-centric services, such as retail experiential, private label, digital marketing, and digital media and advertising. The company was formerly known as Karman Holding Corp. and changed its name to Advantage Solutions Inc. in March 2016. The company was founded in 1987 and is headquartered in Irvine, California.
