In last trading session, Advantage Solutions Inc. (NASDAQ:ADV) saw 0.38 million shares changing hands with its beta currently measuring 1.56. Company’s recent per share price level of $3.51 trading at $0.01 or 0.29% at ring of the bell on the day assigns it a market valuation of $1.13B. That closing price of ADV’s stock is at a discount of -41.03% from its 52-week high price of $4.95 and is indicating a premium of 47.29% from its 52-week low price of $1.85. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.88 million shares which gives us an average trading volume of 829.92K if we extend that period to 3-months.
For Advantage Solutions Inc. (ADV), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.33. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 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 0.11 in the current quarter.
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Advantage Solutions Inc. (NASDAQ:ADV) trade information
Upright in the green during last session for gaining 0.29%, in the last five days ADV remained trading in the red while hitting it’s week-highest on Monday, 09/23/24 when the stock touched $3.51 price level, adding 10.69% to its value on the day. Advantage Solutions Inc.’s shares saw a change of -3.04% in year-to-date performance and have moved -9.07% in past 5-day. Advantage Solutions Inc. (NASDAQ:ADV) showed a performance of -8.12% in past 30-days. Number of shares sold short was 8.93 million shares which calculate 15.9 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 6 to the stock, which implies a rise of 41.5% to its current value. Analysts have been projecting 6 as a low price target for the stock while placing it at a high target of 6. It follows that stock’s current price would drop -70.94% in reaching the projected high whereas dropping to the targeted low would mean a loss of -70.94% for stock’s current value.
Advantage Solutions Inc. (ADV) estimates and forecasts
Statistics highlight that Advantage Solutions Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -18.94% of value to its shares in past 6 months, showing an annual growth rate of 305.26% while that of industry is -3.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -18.70% 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 851.63M for the same. And 2 analysts are in estimates of company making revenue of 886.51M in the next quarter. Company posted 1.1B and 1.08B of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around 341.63% while estimates for its earnings growth in next 5 years are of -5.10%.
Advantage Solutions Inc. (NASDAQ:ADV)’s Major holders
Insiders are in possession of 62.18% of company’s total shares while institution are holding 53.01 percent of that, with stock having share float percentage of 140.15%. Investors also watch the number of corporate investors in a company very closely, which is 53.01% institutions for Advantage Solutions Inc. that are currently holding shares of the company. CVC MANAGEMENT HOLDINGS II LTD. is the top institutional holder at ADV for having 81.61 million shares of worth $262.78 million. And as of 2024-06-30, it was holding 25.3875 of the company’s outstanding shares.
The second largest institutional holder is LEONARD GREEN & PARTNERS, L.P., which was holding about 15.45 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.8062 of outstanding shares, having a total worth of $49.75 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 30, 2024 , the former fund manager was holding 5.93 shares of worth $20.8 million or 1.85% of the total outstanding shares. The later fund manager was in possession of 2.9 shares on Jun 30, 2024 , making its stake of worth around $10.18 million in the company or a holder of 0.91% of company’s stock.
