Fubotv earnings beat by $0.10, revenue topped estimates
Deborah Poole, a director at Advantage Solutions Inc. (NASDAQ:ADV), recently sold 34,000 shares of the company’s Class A common stock. The shares were sold at a weighted-average price of $1.718, generating a total of $58,412. Following this transaction, Poole holds 154,632 shares directly. The sale was executed on March 12, as disclosed in a recent SEC filing.The timing of this insider sale comes as ADV trades near its 52-week low of $1.53, having declined nearly 60% over the past year. According to InvestingPro analysis, the stock appears undervalued despite weak financial health indicators, including a gross profit margin of 14.2%. Notably, management has been actively buying back shares, and analysts project a return to profitability this year. For deeper insights into ADV’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, along with 12 additional exclusive ProTips available on InvestingPro.
In other recent news, Advantage Solutions Inc. reported its fourth-quarter and full-year 2024 earnings, showing a mixed financial performance. The company experienced a 3% decline in Q4 revenue, totaling $762 million, while its adjusted EBITDA increased by 9% to $95 million. For the full year, revenues remained flat at $3 billion, with a slight 1% increase in adjusted EBITDA, reaching $356 million. The company is focusing on technology upgrades and operational efficiency as part of its strategic transformation efforts. Advantage Solutions is targeting low single-digit growth in both revenue and adjusted EBITDA for 2025. The company plans to invest significantly in IT initiatives over the next three years, with capital expenditures projected between $65 million and $75 million. During the earnings call, management highlighted the importance of tailoring labor solutions to navigate the current market environment.
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