Advantage Solutions Stock Scheduled to Reverse Split on Friday, March 27th (NASDAQ:ADV)

Shares of Advantage Solutions Inc. (NASDAQ:ADV) are scheduled to reverse split on Friday, March 27th. The 1-25 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, March 26th.

Advantage Solutions Stock Up 4.7%

ADV stock opened at $0.82 on Thursday. The stock has a market capitalization of $266.17 million, a PE ratio of -1.17 and a beta of 2.28. The company has a fifty day moving average of $0.74 and a 200-day moving average of $1.09. The company has a debt-to-equity ratio of 3.00, a quick ratio of 2.25 and a current ratio of 2.25. Advantage Solutions has a one year low of $0.49 and a one year high of $2.15.

Advantage Solutions (NASDAQ:ADV) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.60). The firm had revenue of $932.13 million for the quarter, compared to analyst estimates of $885.20 million. Advantage Solutions had a negative return on equity of 34.48% and a negative net margin of 6.43%. As a group, analysts expect that Advantage Solutions will post -0.51 EPS for the current year.

Wall Street Analyst Weigh In

ADV has been the topic of several recent analyst reports. Zacks Research cut Advantage Solutions from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 12th. Wall Street Zen downgraded Advantage Solutions from a “strong-buy” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Advantage Solutions in a report on Wednesday, January 21st. Canaccord Genuity Group cut their price objective on Advantage Solutions from $2.50 to $1.50 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Finally, Morgan Stanley set a $0.75 target price on Advantage Solutions in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $1.13.

Institutional Investors Weigh In On Advantage Solutions

Several institutional investors have recently modified their holdings of ADV. Empowered Funds LLC boosted its stake in shares of Advantage Solutions by 4.0% during the 1st quarter. Empowered Funds LLC now owns 1,769,040 shares of the company’s stock worth $2,671,000 after acquiring an additional 68,177 shares in the last quarter. Strs Ohio purchased a new position in Advantage Solutions in the 1st quarter valued at approximately $117,000. Creative Planning acquired a new position in Advantage Solutions during the second quarter worth $26,000. Northwestern Mutual Wealth Management Co. acquired a new position in Advantage Solutions during the second quarter worth $31,000. Finally, Kennedy Capital Management LLC boosted its position in Advantage Solutions by 9.4% during the second quarter. Kennedy Capital Management LLC now owns 277,584 shares of the company’s stock worth $366,000 after purchasing an additional 23,880 shares in the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Advantage Solutions Company Profile

Advantage Solutions is a leading sales and marketing agency that provides outsourced solutions to consumer packaged goods companies. The firm’s offerings include field sales execution, retail merchandising, in-store and shopper marketing, e-commerce activation and data-driven analytics. By deploying dedicated sales teams alongside proprietary technology, Advantage Solutions helps brands optimize shelf placement, ensure compliance with promotional programs and strengthen consumer engagement.

The company’s service portfolio spans field sales and marketing, retail execution, brand ambassador programs, digital and experiential promotions, and shopper insights.