Advantage Solutions (NASDAQ:ADV) Sees Large Volume Increase – What’s Next?

Shares of Advantage Solutions Inc. (NASDAQ:ADV) saw strong trading volume on Wednesday . 165,339 shares changed hands during mid-day trading, an increase of 107% from the previous session’s volume of 80,059 shares.The stock last traded at $38.3250 and had previously closed at $40.02.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented 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 research report on Monday, May 4th. Finally, Canaccord Genuity Group raised their price objective on shares of Advantage Solutions from $37.50 to $50.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $34.38.

Advantage Solutions Stock Down 0.8%

The firm has a market capitalization of $521.87 million, a PE ratio of -2.09 and a beta of 2.18. The stock has a 50-day simple moving average of $38.71 and a 200-day simple moving average of $27.51. 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 Buying and Selling at Advantage Solutions

In other Advantage Solutions news, CEO David A. Peacock purchased 800 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 216,364 shares in the company, valued at approximately $7,486,194.40. This trade represents a 0.37% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 9.40% of the stock is owned by insiders.

Institutional Trading of Advantage Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. CastleKnight Management LP boosted its stake in Advantage Solutions by 18.1% in the 4th quarter. CastleKnight Management LP now owns 11,794,950 shares of the company’s stock worth $10,380,000 after purchasing an additional 1,806,891 shares during the period. Stoic Point Capital Management LLC bought a new stake in shares of Advantage Solutions during the fourth quarter valued at about $1,375,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Advantage Solutions by 37.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,761,016 shares of the company’s stock worth $3,310,000 after buying an additional 1,024,633 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Advantage Solutions by 337.1% in the third quarter. Russell Investments Group Ltd. now owns 1,134,401 shares of the company’s stock worth $1,736,000 after buying an additional 874,881 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of Advantage Solutions by 71.7% in the third quarter. Millennium Management LLC now owns 1,973,940 shares of the company’s stock valued at $3,020,000 after acquiring an additional 824,239 shares during the period. 49.82% of the stock is currently owned by 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.