Advantage Solutions (NASDAQ:ADV) Trading Up 7.6% – Time to Buy?

Shares of Advantage Solutions Inc. (NASDAQ:ADV) were up 7.6% during trading on Tuesday . The stock traded as high as $37.81 and last traded at $38.5750. Approximately 24,992 shares changed hands during trading, a decline of 54% from the average daily volume of 54,606 shares. The stock had previously closed at $35.84.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ADV shares. Zacks Research upgraded 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 note on Wednesday, May 6th. 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 research note on Thursday, May 7th. Wall Street Zen downgraded shares of Advantage Solutions from a “strong-buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Morgan Stanley set a $18.75 price objective on shares of Advantage Solutions in a research note on Tuesday, March 3rd. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Advantage Solutions currently has an average rating of “Hold” and an average price target of $34.38.

Advantage Solutions Price 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’s 50 day simple moving average is $25.26 and its two-hundred day simple moving average is $24.02. The stock has a market cap of $449.79 million, a price-to-earnings ratio of -1.83 and a beta of 2.21.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ADV. CastleKnight Management LP lifted its holdings 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 acquiring an additional 1,806,891 shares during the period. Stoic Point Capital Management LLC bought a new position in shares of Advantage Solutions during the fourth quarter valued at $1,375,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Advantage Solutions by 37.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,761,016 shares of the company’s stock valued at $3,310,000 after acquiring an additional 1,024,633 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Advantage Solutions by 337.1% during the third quarter. Russell Investments Group Ltd. now owns 1,134,401 shares of the company’s stock valued at $1,736,000 after acquiring an additional 874,881 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of Advantage Solutions by 71.7% during 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 owned by 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.