Advantage Solutions (NASDAQ:ADV) Shares Down 4.4% – Here’s Why

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

Analyst Ratings Changes

Separately, Canaccord Genuity Group reduced their price objective on Advantage Solutions from $5.50 to $3.50 and set a “buy” rating on the stock in a research report on Tuesday, March 11th.

Advantage Solutions Trading Down 7.4 %

The stock has a market capitalization of $506.22 million, a P/E ratio of -3.87 and a beta of 1.66. The stock has a 50-day moving average price of $2.49 and a two-hundred day moving average price of $3.06. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.90 and a current ratio of 1.90.

Institutional Investors Weigh In On Advantage Solutions

Large investors have recently made changes to their positions in the business. CIBC Asset Management Inc purchased a new position in Advantage Solutions during the fourth quarter valued at $30,000. Humankind Investments LLC purchased a new position in shares of Advantage Solutions in the fourth quarter worth $31,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Advantage Solutions in the fourth quarter worth $33,000. Forum Financial Management LP purchased a new position in shares of Advantage Solutions in the fourth quarter worth $34,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of Advantage Solutions in the fourth quarter worth $39,000. 49.82% of the stock is currently owned by institutional investors.

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.