Advantage Solutions (NASDAQ:ADV) Sees Large Volume Increase – Still a Buy?

Advantage Solutions Inc. (NASDAQ:ADV) saw unusually-high trading volume on Tuesday . Approximately 79,673 shares traded hands during trading, an increase of 23% from the previous session’s volume of 64,562 shares.The stock last traded at $38.8310 and had previously closed at $38.90.

Wall Street Analysts Forecast Growth

ADV has been the subject of several recent analyst reports. Morgan Stanley set a $18.75 price objective on shares of Advantage Solutions in a research note on Tuesday, March 3rd. 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. Wall Street Zen cut shares of Advantage Solutions from a “strong-buy” rating to a “hold” rating in a research note on Saturday, March 7th. Canaccord Genuity Group boosted their price objective on shares of Advantage Solutions from $37.50 to $50.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Zacks Research raised shares of Advantage Solutions from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. One 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 MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $34.38.

Advantage Solutions Trading Down 0.0%

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 firm has a market cap of $501.68 million, a PE ratio of -2.01 and a beta of 2.21. The stock’s 50 day simple moving average is $35.37 and its 200 day simple moving average is $25.51.

Insider Buying and Selling

In related news, CEO David A. Peacock purchased 800 shares of the business’s stock in a transaction on Monday, May 18th. The stock was acquired at an average price 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 approximately $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 through this link. 9.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Advantage Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Creative Planning purchased a new position in Advantage Solutions in the 2nd quarter worth approximately $26,000. Two Sigma Investments LP purchased a new position in shares of Advantage Solutions during the third quarter worth approximately $35,000. Voleon Capital Management LP bought a new stake in shares of Advantage Solutions in the 3rd quarter worth approximately $36,000. Virtu Financial LLC bought a new stake in shares of Advantage Solutions in the 3rd quarter worth approximately $36,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Advantage Solutions in the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 49.82% of the company’s stock.

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.