Advantage Solutions Inc. (NASDAQ:ADV) Sees Significant Increase in Short Interest

by · The Cerbat Gem

Advantage Solutions Inc. (NASDAQ:ADV – Get Free Report) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totaling 9,431,918 shares, a growth of 28.4% from the December 15th total of 7,346,261 shares. Currently, 3.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,299,884 shares, the short-interest ratio is currently 7.3 days. Based on an average daily trading volume, of 1,299,884 shares, the short-interest ratio is currently 7.3 days. Currently, 3.1% of the shares of the stock are short sold.

Institutional Trading of Advantage Solutions

Hedge funds have recently made changes to their positions in the company. Bank of America Corp DE increased its stake in shares of Advantage Solutions by 21.8% in the second quarter. Bank of America Corp DE now owns 71,676 shares of the company’s stock valued at $95,000 after buying an additional 12,816 shares during the period. Creative Planning bought a new stake in Advantage Solutions during the 2nd quarter worth approximately $26,000. Tower Research Capital LLC TRC increased its position in Advantage Solutions by 143.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 35,394 shares of the company’s stock valued at $47,000 after acquiring an additional 20,841 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Advantage Solutions by 220.0% during the third quarter. BNP Paribas Financial Markets now owns 30,346 shares of the company’s stock valued at $46,000 after acquiring an additional 20,864 shares during the last quarter. Finally, Two Sigma Investments LP bought a new position in shares of Advantage Solutions during the third quarter valued at $35,000. 49.82% of the stock is owned by institutional investors and hedge funds.

Advantage Solutions Price Performance

Shares of NASDAQ:ADV opened at $0.83 on Monday. Advantage Solutions has a one year low of $0.78 and a one year high of $2.95. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.20 and a quick ratio of 2.20. The company has a market cap of $271.16 million, a price-to-earnings ratio of -1.11 and a beta of 2.19. The firm has a 50 day simple moving average of $0.94 and a 200 day simple moving average of $1.36.

Advantage Solutions (NASDAQ:ADV – Get Free Report) last posted its earnings results on Thursday, November 6th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.18). Advantage Solutions had a negative return on equity of 34.40% and a negative net margin of 6.97%.The company had revenue of $915.01 million for the quarter, compared to the consensus estimate of $933.56 million. Research analysts predict that Advantage Solutions will post -0.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ADV shares. Morgan Stanley cut their price target on shares of Advantage Solutions from $2.00 to $1.50 and set an “equal weight” rating for the company in a report on Wednesday, December 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Advantage Solutions in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised Advantage Solutions from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $2.00.

Check Out Our Latest Report on Advantage Solutions

Advantage Solutions Company Profile

(Get Free Report)

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.

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