Advantage Solutions (NASDAQ:ADV) CEO Buys $27,680.00 in Stock

Advantage Solutions Inc. (NASDAQ:ADV) CEO David Peacock acquired 800 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average cost of $34.60 per share, with a total value of $27,680.00. Following the acquisition, the chief executive officer owned 216,364 shares in the company, valued at $7,486,194.40. The trade was a 0.37% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Advantage Solutions Trading Up 3.6%

Shares of ADV opened at $42.31 on Friday. The business has a 50-day moving average of $29.05 and a 200 day moving average of $24.18. Advantage Solutions Inc. has a fifty-two week low of $12.23 and a fifty-two week high of $53.63. The firm has a market cap of $562.72 million, a P/E ratio of -2.26 and a beta of 2.21. The company has a debt-to-equity ratio of 3.18, a quick ratio of 1.95 and a current ratio of 1.95.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ADV shares. Canaccord Genuity Group lifted their price objective on Advantage Solutions from $37.50 to $50.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Morgan Stanley set a $18.75 price objective on Advantage Solutions in a report on Tuesday, March 3rd. Zacks Research upgraded Advantage Solutions from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Weiss Ratings upgraded Advantage Solutions from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen downgraded Advantage Solutions from a “strong-buy” rating to a “hold” rating in a research note on Saturday, March 7th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Advantage Solutions currently has an average rating of “Hold” and a consensus price target of $34.38.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in Advantage Solutions by 78.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 171,345 shares of the company’s stock worth $262,000 after purchasing an additional 75,409 shares during the period. Citizens Financial Group Inc. RI boosted its stake in Advantage Solutions by 73.0% in the 4th quarter. Citizens Financial Group Inc. RI now owns 208,000 shares of the company’s stock worth $183,000 after purchasing an additional 87,801 shares during the period. Contrarian Capital Management L.L.C. boosted its stake in Advantage Solutions by 5.5% in the 3rd quarter. Contrarian Capital Management L.L.C. now owns 1,700,000 shares of the company’s stock worth $2,601,000 after purchasing an additional 88,860 shares during the period. Goldman Sachs Group Inc. boosted its stake in Advantage Solutions by 39.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 116,042 shares of the company’s stock worth $102,000 after purchasing an additional 33,097 shares during the period. Finally, Bank of America Corp DE boosted its stake in Advantage Solutions by 21.8% in the 2nd quarter. Bank of America Corp DE now owns 71,676 shares of the company’s stock worth $95,000 after purchasing an additional 12,816 shares during the period. Institutional investors own 49.82% of the company’s stock.

Advantage Solutions Company Profile

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.