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Advantage Solutions Inc. (NASDAQ:ADV – Get Rating) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 5,100,000 shares, a growth of 30.1% from the November 30th total of 3,920,000 shares. Based on an average trading volume of 669,800 shares, the days-to-cover ratio is currently 7.6 days. Currently, 6.4% of the shares of the company are short sold.Advantage Solutions Stock Performance
Shares of ADV opened at $2.08 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a market capitalization of $664.94 million, a P/E ratio of 9.45 and a beta of 1.38. The company’s fifty day moving average is $2.51 and its two-hundred day moving average is $3.19. Advantage Solutions has a 1 year low of $1.78 and a 1 year high of $8.24.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on ADV. Morgan Stanley cut their target price on shares of Advantage Solutions from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Thursday, November 10th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Advantage Solutions from $7.00 to $6.00 in a report on Thursday, November 10th.
Hedge Funds Weigh In On Advantage Solutions
Institutional investors have recently bought and sold shares of the company. Amalgamated Bank acquired a new position in Advantage Solutions in the 1st quarter valued at $59,000. Delphia USA Inc. acquired a new position in shares of Advantage Solutions during the 1st quarter worth $64,000. Teacher Retirement System of Texas acquired a new position in shares of Advantage Solutions during the 3rd quarter worth $25,000. Pinnacle Wealth Planning Services Inc. acquired a new position in shares of Advantage Solutions during the 3rd quarter worth $27,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Advantage Solutions during the 3rd quarter worth $28,000. 26.14% of the stock is owned by institutional investors and hedge funds.
Advantage Solutions Company Profile
(Get Rating)
Advantage Solutions Inc provides outsourced solutions to consumer goods companies 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; administration; and brand-centric merchandising services.
See Also
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