David Peacock Buys 800 Shares of Advantage Solutions (NASDAQ:ADV) Stock

Advantage Solutions Inc. (NASDAQ:ADV) CEO David Peacock acquired 800 shares of Advantage Solutions stock in a transaction that occurred on Monday, May 18th. The shares were purchased at an average price of $34.60 per share, with a total value of $27,680.00. Following the purchase, the chief executive officer owned 216,364 shares in the company, valued at $7,486,194.40. This represents a 0.37% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Advantage Solutions Trading Up 13.8%

NASDAQ ADV opened at $40.83 on Friday. 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 firm has a market cap of $543.04 million, a PE ratio of -2.18 and a beta of 2.21. The company has a 50 day moving average price of $28.58 and a 200 day moving average price of $24.05. Advantage Solutions Inc. has a 52 week low of $12.23 and a 52 week high of $53.63.

Institutional Trading of Advantage Solutions

Hedge funds have recently made changes to their positions in the business. Creative Planning purchased a new position in Advantage Solutions in the second quarter worth approximately $26,000. Two Sigma Investments LP acquired a new stake in Advantage Solutions during the third quarter worth approximately $35,000. Voleon Capital Management LP acquired a new stake in Advantage Solutions during the third quarter worth approximately $36,000. Virtu Financial LLC acquired a new stake in Advantage Solutions during the third quarter worth approximately $36,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Advantage Solutions during the second quarter worth approximately $31,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

Analyst Upgrades and Downgrades

ADV has been the subject of several analyst reports. Canaccord Genuity Group boosted their target price 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. 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. Morgan Stanley set a $18.75 price objective on shares of Advantage Solutions in a research report on Tuesday, March 3rd. Wall Street Zen cut shares of Advantage Solutions from a “strong-buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Zacks Research upgraded shares of Advantage Solutions from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $34.38.

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.