Advantage Solutions (NASDAQ:ADV) Trading Up 4.8% – Still a Buy?

Advantage Solutions Inc. (NASDAQ:ADV)’s stock price was up 4.8% during mid-day trading on Tuesday . The company traded as high as $36.59 and last traded at $37.5690. 3,097 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 69,989 shares. The stock had previously closed at $35.84.

Wall Street Analyst Weigh In

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

Advantage Solutions Trading Up 9.6%

The firm has a market cap of $580.81 million, a PE ratio of -2.33 and a beta of 2.21. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 3.18. The company’s 50 day moving average price is $36.57 and its two-hundred day moving average price is $26.00.

Insider Buying and Selling

In other news, CEO David A. Peacock purchased 800 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were purchased at an average price of $34.60 per share, for a total transaction of $27,680.00. Following the completion of the purchase, the chief executive officer owned 216,364 shares in the company, valued at approximately $7,486,194.40. This represents a 0.37% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 9.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Advantage Solutions

A number of hedge funds have recently made changes to their positions in the stock. Stoic Point Capital Management LLC bought a new stake in Advantage Solutions during the fourth quarter valued at about $1,375,000. Inspire Investing LLC lifted its position in shares of Advantage Solutions by 87.3% during the fourth quarter. Inspire Investing LLC now owns 554,271 shares of the company’s stock valued at $488,000 after buying an additional 258,379 shares during the last quarter. CastleKnight Management LP lifted its position in shares of Advantage Solutions by 18.1% during the fourth quarter. CastleKnight Management LP now owns 11,794,950 shares of the company’s stock valued at $10,380,000 after buying an additional 1,806,891 shares during the last quarter. Graham Capital Management L.P. boosted its holdings in shares of Advantage Solutions by 285.1% in the 4th quarter. Graham Capital Management L.P. now owns 88,862 shares of the company’s stock valued at $78,000 after buying an additional 65,785 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in shares of Advantage Solutions by 760.9% in the 4th quarter. Squarepoint Ops LLC now owns 175,542 shares of the company’s stock valued at $154,000 after buying an additional 155,151 shares in the last quarter. 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.