Advantage Solutions (NASDAQ:ADV) Sees Unusually-High Trading Volume – Here’s What Happened

Advantage Solutions Inc. (NASDAQ:ADV) saw unusually-high trading volume on Tuesday . Approximately 79,673 shares changed hands during mid-day trading, an increase of 23% from the previous session’s volume of 64,562 shares.The stock last traded at $38.8310 and had previously closed at $38.90.

Wall Street Analysts Forecast Growth

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

Advantage Solutions Price Performance

The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 3.18. The stock has a market cap of $521.16 million, a P/E ratio of -2.09 and a beta of 2.21. The business’s 50-day simple moving average is $34.76 and its two-hundred day simple moving average is $25.31.

Insider Activity at Advantage Solutions

In other news, CEO David A. Peacock acquired 800 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was bought at an average cost of $34.60 per share, for a total transaction of $27,680.00. Following the completion of the transaction, the chief executive officer owned 216,364 shares of the company’s stock, valued at $7,486,194.40. The trade was a 0.37% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 9.40% of the company’s stock.

Hedge Funds Weigh In On Advantage Solutions

Institutional investors have recently added to or reduced their stakes in the business. Stoic Point Capital Management LLC purchased a new stake in Advantage Solutions in the fourth quarter valued at approximately $1,375,000. Inspire Investing LLC grew its holdings in shares of Advantage Solutions by 87.3% in the fourth quarter. Inspire Investing LLC now owns 554,271 shares of the company’s stock worth $488,000 after purchasing an additional 258,379 shares during the last quarter. CastleKnight Management LP grew its holdings in shares of Advantage Solutions by 18.1% in the fourth quarter. CastleKnight Management LP now owns 11,794,950 shares of the company’s stock worth $10,380,000 after purchasing an additional 1,806,891 shares during the last quarter. Graham Capital Management L.P. grew its holdings in shares of Advantage Solutions by 285.1% in the fourth quarter. Graham Capital Management L.P. now owns 88,862 shares of the company’s stock worth $78,000 after purchasing an additional 65,785 shares during the last quarter. Finally, Squarepoint Ops LLC grew its holdings in shares of Advantage Solutions by 760.9% in the fourth quarter. Squarepoint Ops LLC now owns 175,542 shares of the company’s stock worth $154,000 after purchasing an additional 155,151 shares during the last quarter. 49.82% of the stock is currently owned by institutional investors.

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.