Advantage Solutions (NASDAQ:ADV) Trading 5.3% Higher – What’s Next?

Shares of Advantage Solutions Inc. (NASDAQ:ADV) traded up 5.3% on Monday . The stock traded as high as $42.34 and last traded at $42.02. 33,239 shares changed hands during trading, a decline of 60% from the average daily volume of 82,775 shares. The stock had previously closed at $39.89.

Analyst Ratings Changes

ADV has been the topic of several research analyst reports. Canaccord Genuity Group raised their target price on shares of Advantage Solutions from $37.50 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings raised shares of Advantage Solutions from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 6th. 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 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 data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $34.38.

Advantage Solutions Price Performance

The company has a 50 day simple moving average of $38.84 and a 200 day simple moving average of $27.63. The company has a market capitalization of $548.72 million, a price-to-earnings ratio of -2.18 and a beta of 2.18. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 3.18.

Insider Activity

In other Advantage Solutions news, CEO David A. Peacock bought 800 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average price of $34.60 per share, with a total value of $27,680.00. Following the transaction, the chief executive officer owned 216,364 shares in the company, valued at $7,486,194.40. This trade represents a 0.37% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 9.40% of the company’s stock.

Institutional Investors Weigh In On Advantage Solutions

Several institutional investors have recently bought and sold shares of the business. CastleKnight Management LP increased its position 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 acquiring an additional 1,806,891 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Advantage Solutions by 37.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,761,016 shares of the company’s stock valued at $3,310,000 after acquiring an additional 1,024,633 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Advantage Solutions by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 2,763,633 shares of the company’s stock valued at $2,432,000 after acquiring an additional 21,509 shares in the last quarter. Vanguard Group Inc. boosted its position in Advantage Solutions by 40.7% during the 3rd quarter. Vanguard Group Inc. now owns 2,675,768 shares of the company’s stock worth $4,094,000 after purchasing an additional 773,560 shares during the period. Finally, State Street Corp boosted its position in Advantage Solutions by 4.2% during the 4th quarter. State Street Corp now owns 2,180,442 shares of the company’s stock worth $1,919,000 after purchasing an additional 88,129 shares during the period. 49.82% of the stock is currently owned by hedge funds and other institutional investors.

About Advantage Solutions

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.