Advantage Solutions (NASDAQ:ADV) Stock Price Up 7.6% After Insider Buying Activity

Advantage Solutions Inc. (NASDAQ:ADV)’s share price was up 7.6% during mid-day trading on Thursday following insider buying activity. The company traded as high as $36.34 and last traded at $38.62. Approximately 4,499 shares changed hands during trading, a decline of 92% from the average daily volume of 57,076 shares. The stock had previously closed at $35.89.

Specifically, CEO David A. Peacock acquired 800 shares of the firm’s stock in a transaction dated 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 completion of the purchase, the chief executive officer directly owned 216,364 shares of the company’s stock, valued at $7,486,194.40. This represents a 0.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Analyst Ratings Changes

A number of brokerages recently issued reports on ADV. Canaccord Genuity Group boosted their price objective on Advantage Solutions from $37.50 to $50.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Morgan Stanley set a $18.75 price target on shares of Advantage Solutions in a report on Tuesday, March 3rd. 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. 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. Finally, Zacks Research upgraded shares of Advantage Solutions from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. 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. According to data from MarketBeat.com, Advantage Solutions has a consensus rating of “Hold” and a consensus target price of $34.38.

Advantage Solutions Price Performance

The firm has a 50 day moving average of $28.10 and a 200-day moving average of $23.99. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 3.18. The company has a market cap of $520.43 million, a P/E ratio of -2.10 and a beta of 2.21.

Institutional Investors Weigh In On Advantage Solutions

Several institutional investors and hedge funds have recently modified their holdings of the stock. CastleKnight Management LP boosted its stake in 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. Stoic Point Capital Management LLC bought a new stake in Advantage Solutions in the 4th quarter worth approximately $1,375,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Advantage Solutions by 37.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,761,016 shares of the company’s stock worth $3,310,000 after acquiring an additional 1,024,633 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Advantage Solutions by 337.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,134,401 shares of the company’s stock worth $1,736,000 after acquiring an additional 874,881 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of Advantage Solutions by 71.7% during the 3rd 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 last quarter. Institutional investors own 49.82% of the company’s stock.

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.