Advantage Solutions (NASDAQ:ADV) Given New $3.50 Price Target at Canaccord Genuity Group

Advantage Solutions (NASDAQ:ADVFree Report) had its target price trimmed by Canaccord Genuity Group from $5.50 to $3.50 in a research report report published on Tuesday morning, MarketBeat.com reports. The firm currently has a buy rating on the stock.

Advantage Solutions Stock Performance

NASDAQ:ADV opened at $1.64 on Tuesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.90 and a current ratio of 1.90. Advantage Solutions has a fifty-two week low of $1.53 and a fifty-two week high of $4.95. The company has a market cap of $526.04 million, a price-to-earnings ratio of -4.00 and a beta of 1.66. The stock has a fifty day moving average price of $2.51 and a 200-day moving average price of $3.08.

Institutional Trading of Advantage Solutions

Institutional investors and hedge funds have recently modified their holdings of the business. CIBC Asset Management Inc acquired a new stake in shares of Advantage Solutions in the fourth quarter valued at about $30,000. Humankind Investments LLC acquired a new stake in shares of Advantage Solutions in the fourth quarter valued at about $31,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Advantage Solutions in the fourth quarter valued at about $33,000. Forum Financial Management LP acquired a new stake in shares of Advantage Solutions in the fourth quarter valued at about $34,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Advantage Solutions in the fourth quarter valued at about $39,000. 49.82% of the stock is currently owned by institutional investors.

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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