Advantage Solutions (NASDAQ:ADV) Shares Break Below 200 Day Moving Average – Should You Sell?

Advantage Solutions Inc. (NASDAQ:ADV) shares passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $30.63 and traded as low as $29.75. Advantage Solutions shares last traded at $30.51, with a volume of 64,162 shares traded.

Analyst Ratings Changes

Several analysts have recently weighed in on ADV shares. Weiss Ratings restated a “sell (d-)” rating on shares of Advantage Solutions in a report on Friday, October 30th. Wall Street Zen upgraded shares of Advantage Solutions from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Research upgraded shares of Advantage Solutions from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Morgan Stanley cut their price target on shares of Advantage Solutions from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, August 6th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $42.00.

Advantage Solutions Stock Down 2.9%

The stock has a market capitalization of $389.61 million, a P/E ratio of -1.23 and a beta of 2.21. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.81 and a quick ratio of 1.81. The stock’s fifty day moving average is $30.87 and its two-hundred day moving average is $30.63.

Institutional Investors Weigh In On Advantage Solutions

A number of institutional investors and hedge funds have recently modified their holdings of ADV. State Street Corp bought a new stake in shares of Advantage Solutions during the 2nd quarter worth $3,913,000. Empowered Funds LLC acquired a new stake in shares of Advantage Solutions during the third quarter worth $1,240,000. Stoic Point Capital Management LLC raised its position in shares of Advantage Solutions by 27.2% during the third quarter. Stoic Point Capital Management LLC now owns 57,443 shares of the company’s stock worth $1,491,000 after purchasing an additional 12,278 shares during the period. State of Wyoming acquired a new stake in shares of Advantage Solutions during the third quarter worth $93,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Advantage Solutions during the second quarter valued at $456,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

About Advantage Solutions

Advantage Solutions Inc. provides outsourced sales, marketing and retail services to consumer goods companies and retailers. Its work helps clients promote products, improve in-store execution and connect with shoppers across retail channels. The company’s services include sales representation, retail merchandising, brand and shopper marketing, product demonstrations, experiential marketing, analytics and digital commerce support. It works with clients across categories such as food and beverage, household products, health and beauty, and consumer electronics.