Advantage Solutions (NASDAQ:ADV) Sees Strong Trading Volume – Should You Buy?

Advantage Solutions Inc. (NASDAQ:ADV) shares saw unusually-high trading volume on Wednesday . 83,288 shares traded hands during mid-day trading, an increase of 8% from the previous session’s volume of 77,426 shares.The stock last traded at $45.53 and had previously closed at $43.24.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ADV shares. Zacks Research raised shares of Advantage Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Wall Street Zen lowered Advantage Solutions from a “strong-buy” rating to a “hold” rating in a research note 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. Finally, Canaccord Genuity Group raised their target price on Advantage Solutions from $37.50 to $50.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $34.38.

Advantage Solutions Trading Down 12.1%

The company has a market cap of $516.64 million, a price-to-earnings ratio of -2.07 and a beta of 2.17. 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 company’s 50-day moving average is $38.14 and its 200 day moving average is $26.89.

Insider Activity

In other news, CEO David A. Peacock bought 800 shares of the stock in a transaction dated Monday, May 18th. The shares were acquired at an average cost of $34.60 per share, with a total value of $27,680.00. Following the purchase, the chief executive officer directly owned 216,364 shares in the company, valued at $7,486,194.40. The trade was a 0.37% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 9.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Advantage Solutions

Large investors have recently bought and sold shares of the business. Creative Planning purchased a new position in Advantage Solutions during the second quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Advantage Solutions in the second quarter valued at approximately $31,000. Two Sigma Investments LP acquired a new position in shares of Advantage Solutions during the 3rd quarter worth approximately $35,000. Virtu Financial LLC purchased a new position in shares of Advantage Solutions during the 3rd quarter valued at approximately $36,000. Finally, Voleon Capital Management LP purchased a new position in shares of Advantage Solutions during the 3rd quarter valued at approximately $36,000. Institutional investors and hedge funds 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.