Advantage Solutions (NASDAQ:ADV) Trading Up 8.6% – What’s Next?

Advantage Solutions Inc. (NASDAQ:ADV) shares were up 8.6% on Thursday . The stock traded as high as $39.33 and last traded at $39.1510. Approximately 76,230 shares traded hands during trading, an increase of 23% from the average daily volume of 62,221 shares. The stock had previously closed at $36.06.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ADV. Morgan Stanley set a $18.75 target price on shares of Advantage Solutions in a report on Tuesday, March 3rd. 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. Weiss Ratings upgraded shares of Advantage Solutions from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. Wall Street Zen downgraded shares of Advantage Solutions from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Zacks Research upgraded shares of Advantage Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. One research 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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 $515.38 million, a P/E ratio of -2.07 and a beta of 2.21. The business’s 50-day simple moving average is $32.90 and its two-hundred day simple moving average is $24.73.

Insiders Place Their Bets

In other Advantage Solutions news, CEO David A. Peacock bought 800 shares of the business’s stock in a transaction on Monday, May 18th. The stock was purchased at an average price of $34.60 per share, for a total transaction of $27,680.00. Following the completion of the transaction, the chief executive officer directly owned 216,364 shares of the company’s stock, valued at $7,486,194.40. This trade represents a 0.37% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 9.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Advantage Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Creative Planning bought a new position in Advantage Solutions during the second quarter worth about $26,000. Northwestern Mutual Wealth Management Co. bought a new position in Advantage Solutions during the second quarter worth about $31,000. Two Sigma Investments LP bought a new position in Advantage Solutions during the third quarter worth about $35,000. Virtu Financial LLC bought a new position in shares of Advantage Solutions in the third quarter valued at approximately $36,000. Finally, Voleon Capital Management LP bought a new position in shares of Advantage Solutions in the third quarter valued at approximately $36,000. 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.