Advantage Solutions (NASDAQ:ADV) CEO David Peacock Acquires 800 Shares

Advantage Solutions Inc. (NASDAQ:ADV) CEO David Peacock bought 800 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were bought at an average cost of $34.60 per share, with a total value of $27,680.00. Following the completion of the purchase, the chief executive officer directly owned 216,364 shares in the company, valued at $7,486,194.40. This represents a 0.37% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Advantage Solutions Stock Up 2.9%

NASDAQ ADV traded up $1.02 during trading on Wednesday, reaching $35.89. 86,891 shares of the company’s stock were exchanged, compared to its average volume of 57,628. The stock has a market cap of $477.34 million, a P/E ratio of -1.92 and a beta of 2.21. The company has a debt-to-equity ratio of 3.18, a quick ratio of 1.95 and a current ratio of 1.95. The company has a 50 day moving average price of $27.70 and a two-hundred day moving average price of $23.96. Advantage Solutions Inc. has a 1 year low of $12.23 and a 1 year high of $53.63.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ADV shares. Morgan Stanley set a $18.75 price target on Advantage Solutions in a report on Tuesday, March 3rd. Wall Street Zen downgraded Advantage Solutions from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 7th. Zacks Research raised Advantage Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Canaccord Genuity Group boosted their target price on Advantage Solutions from $37.50 to $50.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Weiss Ratings raised Advantage Solutions from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Advantage Solutions presently has an average rating of “Hold” and an average target price of $34.38.

Institutional Trading of Advantage Solutions

Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in Advantage Solutions by 78.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 171,345 shares of the company’s stock valued at $262,000 after acquiring an additional 75,409 shares during the last quarter. Citizens Financial Group Inc. RI raised its stake in Advantage Solutions by 73.0% during the 4th quarter. Citizens Financial Group Inc. RI now owns 208,000 shares of the company’s stock valued at $183,000 after acquiring an additional 87,801 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Advantage Solutions by 39.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 116,042 shares of the company’s stock valued at $102,000 after acquiring an additional 33,097 shares during the last quarter. Bank of America Corp DE raised its stake in Advantage Solutions by 21.8% during the 2nd quarter. Bank of America Corp DE now owns 71,676 shares of the company’s stock valued at $95,000 after acquiring an additional 12,816 shares during the last quarter. Finally, Graham Capital Management L.P. raised its stake in Advantage Solutions by 285.1% during the 4th quarter. Graham Capital Management L.P. now owns 88,862 shares of the company’s stock valued at $78,000 after acquiring an additional 65,785 shares during the last quarter. 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.