Advantage Solutions (NASDAQ:ADV) Trading Up 7.6% – Time to Buy?

Advantage Solutions Inc. (NASDAQ:ADV)’s share price was up 7.6% during mid-day trading on Tuesday . The company traded as high as $37.81 and last traded at $38.5750. Approximately 24,992 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 54,606 shares. The stock had previously closed at $35.84.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ADV shares. Wall Street Zen cut Advantage Solutions from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings raised Advantage Solutions from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. Canaccord Genuity Group lifted their price target on Advantage Solutions from $37.50 to $50.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Zacks Research raised Advantage Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Finally, Morgan Stanley set a $18.75 price target on Advantage Solutions in a report on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Advantage Solutions currently has a consensus rating of “Hold” and a consensus target price of $34.38.

Advantage Solutions Stock Performance

The stock has a 50-day moving average of $25.26 and a 200 day moving average of $24.02. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.95 and a quick ratio of 1.95. The stock has a market capitalization of $449.79 million, a price-to-earnings ratio of -1.83 and a beta of 2.21.

Institutional Investors Weigh In On Advantage Solutions

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of Advantage Solutions by 78.6% during the third quarter. JPMorgan Chase & Co. now owns 171,345 shares of the company’s stock valued at $262,000 after buying an additional 75,409 shares during the last quarter. Citizens Financial Group Inc. RI raised its stake in shares of Advantage Solutions by 73.0% during the 4th quarter. Citizens Financial Group Inc. RI now owns 208,000 shares of the company’s stock valued at $183,000 after purchasing an additional 87,801 shares during the period. Renaissance Technologies LLC raised its stake in shares of Advantage Solutions by 3.9% during the 4th quarter. Renaissance Technologies LLC now owns 801,200 shares of the company’s stock valued at $705,000 after purchasing an additional 30,400 shares during the period. Inspire Investing LLC raised its stake in shares of Advantage Solutions by 87.3% during the 4th quarter. Inspire Investing LLC now owns 554,271 shares of the company’s stock valued at $488,000 after purchasing an additional 258,379 shares during the period. Finally, Squarepoint Ops LLC increased its stake in Advantage Solutions by 760.9% in the 4th quarter. Squarepoint Ops LLC now owns 175,542 shares of the company’s stock worth $154,000 after acquiring an additional 155,151 shares during the last quarter. Institutional investors own 49.82% of the company’s stock.

About Advantage Solutions

Advantage Solutions is a leading sales and marketing agency that provides outsourced solutions to consumer packaged goods companies. The firm’s offerings include field sales execution, retail merchandising, in-store and shopper marketing, e-commerce activation and data-driven analytics. By deploying dedicated sales teams alongside proprietary technology, Advantage Solutions helps brands optimize shelf placement, ensure compliance with promotional programs and strengthen consumer engagement.

The company’s service portfolio spans field sales and marketing, retail execution, brand ambassador programs, digital and experiential promotions, and shopper insights.