Investors in cash trouble should check out Advantage Solutions Inc. (ADV)

Advantage Solutions Inc. (NASDAQ: ADV) stock jumped 3.35% on Wednesday to $2.47 against a previous-day closing price of $2.39. With 0.24 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.71 million shares. During the session, the Advertising Agencies company that operates in wider Communication Services sector, reached to the highest price of $2.4900 whereas the lowest price it dropped to was $2.3600. The 52-week range on ADV shows that it touched its highest point at $8.34 and its lowest point at $1.95 during that stretch. It currently has a 1-year price target of $4.20.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ADV was down-trending over the past week, with a drop of -4.26%, but this was down by -20.32% over a month. Three-month performance dropped to -38.25% while six-month performance fell -42.69%. The stock lost -69.51% in the past year, while it has lost -69.20% so far this year. A look at the trailing 12-month EPS for ADV yields 0.21 with Next year EPS estimates of 0.57. For the next quarter, that number is 0.15. This implies an EPS growth rate of 133.30% for this year and -7.50% for next year.

Float and Shares Shorts:

At present, 318.82 million ADV shares are outstanding with a float of 97.56 million shares on hand for trading. On Oct 13, 2022, short shares totaled 4.36 million, which was 1.37% higher than short shares on Sep 14, 2022. In addition to Ms. Tanya L. Domier as the firm’s Exec. Chair, Ms. Jill Griffin serves as its CEO & Director.

Institutional Ownership:

Through their ownership of 29.43% of ADV’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.82% of ADV, in contrast to 12.33% held by mutual funds. Shares owned by individuals account for 0.71%. As the largest shareholder in ADV with 3.72% of the stake, The Baupost Group LLC holds 11,841,327 shares worth 11,841,327. A second-largest stockholder of ADV, T. Rowe Price Investment Manageme, holds 8,841,413 shares, controlling over 2.78% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in ADV, holding 7,908,315 shares or 2.48% stake. With a 1.76% stake in ADV, the T Rowe Price Small Cap Value Fund is the largest stakeholder. A total of 5,612,823 shares are owned by the mutual fund manager. The Fidelity Select Consumer Staples, which owns about 1.10% of ADV stock, is the second-largest Mutual Fund holder. It holds 3,487,067 shares valued at 11.79 million. Fidelity US Equity Central Fund holds 0.72% of the stake in ADV, owning 2,293,300 shares worth 7.75 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ADV since 3 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ADV analysts setting a high price target of $6.00 and a low target of $2.60, the average target price over the next 12 months is $4.20. Based on these targets, ADV could surge 142.91% to reach the target high and rise by 5.26% to reach the target low. Reaching the average price target will result in a growth of 70.04% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. ADV will report FY 2022 earnings on 03/14/2023. Analysts have provided yearly estimates in a range of $0.62 being high and $0.61 being low. For ADV, this leads to a yearly average estimate of $0.61. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Advantage Solutions Inc. surprised analysts by -$0.12 when it reported $0.07 EPS against a consensus estimate of $0.19. The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is $0.17 and the low estimate is $0.13. The average estimate for the next quarter is thus $0.15.

Summary of Insider Activity:

Insiders traded ADV stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.

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