Advantage Solutions (NASDAQ:ADV) Trading 5.9% Higher – Still a Buy?

Advantage Solutions Inc. (NASDAQ:ADV)’s share price traded up 5.9% during trading on Tuesday . The company traded as high as $1.59 and last traded at $1.64. 26,130 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 646,791 shares. The stock had previously closed at $1.55.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Canaccord Genuity Group decreased their price target on Advantage Solutions from $3.50 to $2.50 and set a “buy” rating on the stock in a report on Tuesday, May 13th. Morgan Stanley set a $2.00 price target on shares of Advantage Solutions in a research note on Wednesday, May 14th.

Advantage Solutions Price Performance

The stock has a market capitalization of $523.76 million, a P/E ratio of -3.91 and a beta of 2.02. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.81. The stock has a 50 day moving average of $1.29 and a 200-day moving average of $2.07.

Insider Activity at Advantage Solutions

In other news, Director James M. Kilts purchased 23,314 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The shares were acquired at an average price of $1.24 per share, with a total value of $28,909.36. Following the transaction, the director now owns 1,342,531 shares of the company’s stock, valued at $1,664,738.44. This represents a 1.77% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased 176,631 shares of company stock worth $217,016 in the last 90 days. 6.20% 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 stock. Inspire Investing LLC boosted its holdings in Advantage Solutions by 68.0% in the first quarter. Inspire Investing LLC now owns 231,825 shares of the company’s stock worth $350,000 after acquiring an additional 93,794 shares in the last quarter. Strs Ohio acquired a new stake in Advantage Solutions in the 1st quarter worth approximately $117,000. Empowered Funds LLC boosted its stake in Advantage Solutions by 4.0% in the 1st quarter. Empowered Funds LLC now owns 1,769,040 shares of the company’s stock worth $2,671,000 after purchasing an additional 68,177 shares in the last quarter. Contrarian Capital Management L.L.C. increased its stake in Advantage Solutions by 13.5% during the 1st quarter. Contrarian Capital Management L.L.C. now owns 1,451,140 shares of the company’s stock valued at $2,191,000 after purchasing an additional 173,000 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in shares of Advantage Solutions by 15.3% in the first quarter. Hsbc Holdings PLC now owns 110,132 shares of the company’s stock worth $166,000 after buying an additional 14,606 shares during the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Advantage Solutions Company Profile

Advantage Solutions Inc provides business solutions to consumer goods manufacturers and retailers in North America and internationally. It operates in two segments, Sales and Marketing. The Sales segment offers brand-centric services, such as headquarter relationship management; analytics, insights, and intelligence; and brand-centric merchandising services.