In last trading session, Advantage Solutions Inc. (NASDAQ:ADV) saw 0.63 million shares changing hands with its beta currently measuring 1.57. Company’s recent per share price level of $2.50 trading at $0.03 or 1.21% at ring of the bell on the day assigns it a market valuation of $815.97M. That closing price of ADV’s stock is at a discount of -23.6% from its 52-week high price of $3.09 and is indicating a premium of 54.8% from its 52-week low price of $1.13. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.82 million shares which gives us an average trading volume of 463.72K if we extend that period to 3-months.
For Advantage Solutions Inc. (ADV), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.13 in the current quarter.
Advantage Solutions Inc. (NASDAQ:ADV) trade information
Upright in the green during last session for gaining 1.21%, in the last five days ADV remained trading in the green while hitting it’s week-highest on Friday, 11/17/23 when the stock touched $2.50 price level, adding 3.47% to its value on the day. Advantage Solutions Inc.’s shares saw a change of 20.19% in year-to-date performance and have moved 26.26% in past 5-day. Advantage Solutions Inc. (NASDAQ:ADV) showed a performance of 2.04% in past 30-days. Number of shares sold short was 4.89 million shares which calculate 12.49 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $3.50 to the stock, which implies a rise of 28.57% to its current value. Analysts have been projecting $3.00 as a low price target for the stock while placing it at a high target of $4.00. It follows that stock’s current price would drop -60.0% in reaching the projected high whereas dropping to the targeted low would mean a loss of -20.0% for stock’s current value.
Advantage Solutions Inc. (ADV) estimates and forecasts
Statistics highlight that Advantage Solutions Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 37.36% of value to its shares in past 6 months, showing an annual growth rate of -33.33% while that of industry is -1.50. Apart from that, the company came lowering its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to decrease by -27.80% in the current quarter and calculating 275.00% increase in the next quarter. This year revenue growth is estimated to rise 5.70% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.13 billion for the same. And 2 analysts are in estimates of company making revenue of $1.01 billion in the next quarter that will end on Mar 2024. Company posted $1.1 billion and $1.01 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 2.70% while estimating it to be -0.00% for the next quarter.
In 2023, company’s earnings growth rate is likely to be around -31.75% while estimates for its earnings growth in next 5 years are of -5.10%.
Advantage Solutions Inc. is more likely to be releasing its next quarterly report on November 07 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Advantage Solutions Inc. (NASDAQ:ADV)’s Major holders
Insiders are in possession of 69.19% of company’s total shares while institution are holding 25.44 percent of that, with stock having share float percentage of 82.58%. Investors also watch the number of corporate investors in a company very closely, which is 25.44% institutions for Advantage Solutions Inc. that are currently holding shares of the company. Leonard Green & Partners, L.P. is the top institutional holder at ADV for having 15.45 million shares of worth $36.15 million. And as of Jun 29, 2023, it was holding 4.76% of the company’s outstanding shares.
The second largest institutional holder is T. Rowe Price Investment Management, Inc., which was holding about 11.27 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 3.47% of outstanding shares, having a total worth of $26.37 million.
On the other hand, Price (T.Rowe) Small-Cap Value Fund and Price (T.Rowe) U.S. Small-Cap Value Equity Trust are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 6.27 million shares of worth $14.67 million or 1.93% of the total outstanding shares. The later fund manager was in possession of 2.7 million shares on Jun 29, 2023, making its stake of worth around $6.32 million in the company or a holder of 0.83% of company’s stock.