Advantage Solutions (NASDAQ:ADV) Trading 8.6% Higher – What’s Next?

Advantage Solutions Inc. (NASDAQ:ADV) was up 8.6% during mid-day trading on Thursday . The stock traded as high as $39.33 and last traded at $39.1510. Approximately 76,230 shares traded hands during mid-day trading, an increase of 23% from the average daily volume of 62,221 shares. The stock had previously closed at $36.06.

Wall Street Analyst Weigh In

ADV has been the topic of several analyst reports. 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. Morgan Stanley set a $18.75 price objective on Advantage Solutions in a research note on Tuesday, March 3rd. Zacks Research upgraded shares of Advantage Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Weiss Ratings upgraded shares of Advantage Solutions from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. Finally, Canaccord Genuity Group upped 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. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $34.38.

Advantage Solutions Stock Performance

The company has a debt-to-equity ratio of 3.18, a current ratio of 1.95 and a quick ratio of 1.95. The stock has a fifty day simple moving average of $32.16 and a two-hundred day simple moving average of $24.57. The firm has a market capitalization of $519.37 million, a P/E ratio of -2.10 and a beta of 2.21.

Insider Transactions at Advantage Solutions

In related news, CEO David A. Peacock bought 800 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were acquired 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. The trade was a 0.37% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 9.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Creative Planning bought a new stake in shares of Advantage Solutions during the second quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Advantage Solutions in the second quarter valued at $31,000. Two Sigma Investments LP bought a new position in shares of Advantage Solutions in the third quarter valued at $35,000. Virtu Financial LLC acquired a new position in shares of Advantage Solutions during the third quarter valued at about $36,000. Finally, Voleon Capital Management LP bought a new stake in shares of Advantage Solutions during the third quarter worth about $36,000. 49.82% of the stock is owned by institutional investors and hedge funds.

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.