Canaccord Genuity Group Has Lowered Expectations for Advantage Solutions (NASDAQ:ADV) Stock Price

Advantage Solutions (NASDAQ:ADV) had its target price reduced by equities research analysts at Canaccord Genuity Group from $5.50 to $3.50 in a report released on Tuesday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 107.10% from the stock’s current price.

Advantage Solutions Stock Up 5.3 %

Shares of Advantage Solutions stock opened at $1.69 on Tuesday. The stock has a market capitalization of $542.07 million, a P/E ratio of -4.12 and a beta of 1.66. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.81. The stock has a 50 day moving average price of $2.53 and a two-hundred day moving average price of $3.09. Advantage Solutions has a 12-month low of $1.53 and a 12-month high of $4.95.

Institutional Investors Weigh In On Advantage Solutions

A number of large investors have recently added to or reduced their stakes in ADV. Creative Planning bought a new stake in shares of Advantage Solutions in the third quarter valued at approximately $82,000. Principal Financial Group Inc. boosted its position in shares of Advantage Solutions by 14.8% in the third quarter. Principal Financial Group Inc. now owns 55,207 shares of the company’s stock valued at $189,000 after acquiring an additional 7,114 shares during the period. Empowered Funds LLC boosted its position in shares of Advantage Solutions by 13.9% in the third quarter. Empowered Funds LLC now owns 1,617,758 shares of the company’s stock valued at $5,549,000 after acquiring an additional 197,534 shares during the period. Intech Investment Management LLC bought a new stake in shares of Advantage Solutions in the third quarter valued at approximately $99,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Advantage Solutions by 23.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 194,941 shares of the company’s stock valued at $669,000 after acquiring an additional 36,547 shares during the period. 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.