Canaccord Genuity Group Lowers Advantage Solutions (NASDAQ:ADV) Price Target to $2.50

Advantage Solutions (NASDAQ:ADV) had its target price decreased by stock analysts at Canaccord Genuity Group from $3.50 to $2.50 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 123.21% from the company’s current price.

Advantage Solutions Price Performance

Advantage Solutions stock opened at $1.12 on Tuesday. The firm has a market capitalization of $359.98 million, a PE ratio of -2.73 and a beta of 2.10. Advantage Solutions has a 52 week low of $1.06 and a 52 week high of $4.16. The firm’s 50-day simple moving average is $1.40 and its 200 day simple moving average is $2.42. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.81.

Institutional Investors Weigh In On Advantage Solutions

Institutional investors and hedge funds have recently bought and sold shares of the stock. CastleKnight Management LP raised its position in shares of Advantage Solutions by 61.7% in the fourth quarter. CastleKnight Management LP now owns 3,924,922 shares of the company’s stock valued at $11,461,000 after buying an additional 1,496,994 shares during the last quarter. Sovereign s Capital Management LLC acquired a new position in shares of Advantage Solutions in the 4th quarter valued at $2,599,000. Dimensional Fund Advisors LP grew its stake in shares of Advantage Solutions by 11.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,684,721 shares of the company’s stock valued at $13,679,000 after buying an additional 479,348 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Advantage Solutions by 63.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,048,305 shares of the company’s stock valued at $1,583,000 after buying an additional 408,802 shares during the period. Finally, Millennium Management LLC increased its stake in Advantage Solutions by 193.5% during the fourth quarter. Millennium Management LLC now owns 600,149 shares of the company’s stock worth $1,752,000 after acquiring an additional 395,651 shares during the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

About Advantage Solutions

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.