Advantage Solutions (NASDAQ: ADV) Stock Takes a 6.2% Hit - What Should Investors Do Next?

On Wednesday, shares of Advantage Solutions Inc. (NASDAQ:ADV) saw a significant decline, dropping by 6.2% during trading hours. The stock reached a low of $2.52 before closing at $2.49. Throughout the day, only 52,065 shares were exchanged, representing an 86% decrease compared to the average trading volume of 368,012 shares. The previous closing price was $2.65.

Current Financial Position

The company has a current ratio of 1.90 and a quick ratio of 1.90, indicating a solid liquidity position. Their debt-to-equity ratio stands at 1.81. Looking at the stock’s performance, the 50-day moving average is $2.80, while the 200-day moving average is $3.24. Advantage Solutions has a market capitalization of approximately $790.65 million and a PE ratio of -6.01, with a beta of 1.54.

Institutional Investor Activity

Recently, several hedge funds and institutional investors have adjusted their positions in Advantage Solutions. CIBC Asset Management Inc. entered the scene by purchasing a new stake in the fourth quarter valued at around $30,000. Similarly, Humankind Investments LLC and Dynamic Technology Lab Private Ltd have made investments of $31,000 and $33,000 respectively in the same quarter. Forum Financial Management LP and BNP Paribas Financial Markets also bought new positions, valued at approximately $34,000 and $39,000, respectively. Currently, institutional investors own about 49.82% of the stock.

Company Overview

Advantage Solutions Inc. offers business solutions to manufacturers and retailers in the consumer goods sector, both in North America and internationally. The company operates through two primary segments: Sales and Marketing. The Sales segment provides brand-focused services, which include headquarters relationship management, analytics, insights, and brand-centric merchandising services.

Market Insights and Future Considerations

As of now, analysts maintain a "Hold" rating on Advantage Solutions. However, research shows that several top-rated analysts have identified five other stocks that they believe offer better investment opportunities at this time. Investors considering Advantage Solutions should take into account these recommendations.

For further analysis and investment strategies, it may be beneficial to explore other higher-rated stocks before making new investment decisions.

Advantage, Solutions, Stock