Advantage Solutions (NASDAQ:ADV) Shares Up 6.7% – What’s Next?

Shares of Advantage Solutions Inc. (NASDAQ:ADV) rose 6.7% during trading on Tuesday . The stock traded as high as $39.52 and last traded at $40.49. Approximately 4,461 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 86,855 shares. The stock had previously closed at $37.93.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ADV shares. Weiss Ratings upgraded Advantage Solutions from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 6th. Zacks Research upgraded shares of Advantage Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Finally, Canaccord Genuity Group lifted their price objective 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. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Advantage Solutions presently has a consensus rating of “Hold” and a consensus price target of $34.38.

Advantage Solutions Stock Performance

The firm has a 50 day moving average of $39.28 and a two-hundred day moving average of $29.17. The stock has a market cap of $574.83 million, a PE ratio of -2.31 and a beta of 2.18. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.95 and a quick ratio of 1.95.

Insider Buying and Selling

In related news, CEO David A. Peacock acquired 800 shares of the business’s stock in a transaction on Monday, May 18th. The shares were bought at an average price of $34.60 per share, with a total value of $27,680.00. Following the completion of the acquisition, 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 9.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Creative Planning acquired a new position in Advantage Solutions in the second quarter valued at $26,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Advantage Solutions during the 2nd quarter worth $31,000. Two Sigma Investments LP purchased a new position in Advantage Solutions during the 3rd quarter worth $35,000. Virtu Financial LLC purchased a new position in Advantage Solutions during the 3rd quarter worth $36,000. Finally, Voleon Capital Management LP acquired a new position in Advantage Solutions in the third quarter valued at $36,000. 49.82% of the stock is owned by hedge funds and other 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.