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

Advantage Solutions Inc. (NASDAQ:ADV) CEO David Peacock acquired 800 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was purchased at an average price of $34.60 per share, with a total value of $27,680.00. Following the transaction, the chief executive officer owned 216,364 shares of the company’s stock, valued at approximately $7,486,194.40. This trade represents a 0.37% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Advantage Solutions Trading Up 2.9%

Shares of Advantage Solutions stock opened at $35.89 on Thursday. The firm has a 50-day simple moving average of $28.10 and a two-hundred day simple moving average of $23.99. The company has a market cap of $477.16 million, a P/E ratio of -1.92 and a beta of 2.21. Advantage Solutions Inc. has a fifty-two week low of $12.23 and a fifty-two week high of $53.63. The company has a debt-to-equity ratio of 3.18, a quick ratio of 1.95 and a current ratio of 1.95.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ADV. Canaccord Genuity Group upped their price target on shares of Advantage Solutions from $37.50 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Wall Street Zen downgraded shares of Advantage Solutions from a “strong-buy” rating to a “hold” rating in a research report on Saturday, March 7th. Morgan Stanley set a $18.75 price target on shares of Advantage Solutions in a research report on Tuesday, March 3rd. 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, 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. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $34.38.

Institutional Trading of Advantage Solutions

A number of hedge funds have recently bought and sold shares of the business. Stoic Point Capital Management LLC acquired a new stake in Advantage Solutions in the 4th quarter valued at about $1,375,000. Inspire Investing LLC increased its holdings in shares of Advantage Solutions by 87.3% during the 4th quarter. Inspire Investing LLC now owns 554,271 shares of the company’s stock worth $488,000 after buying an additional 258,379 shares during the last quarter. CastleKnight Management LP increased its holdings in shares of Advantage Solutions by 18.1% during the 4th quarter. CastleKnight Management LP now owns 11,794,950 shares of the company’s stock worth $10,380,000 after buying an additional 1,806,891 shares during the last quarter. Graham Capital Management L.P. increased its holdings in shares of Advantage Solutions by 285.1% during the 4th quarter. Graham Capital Management L.P. now owns 88,862 shares of the company’s stock worth $78,000 after buying an additional 65,785 shares during the last quarter. Finally, Squarepoint Ops LLC increased its holdings in shares of Advantage Solutions by 760.9% during the 4th quarter. Squarepoint Ops LLC now owns 175,542 shares of the company’s stock worth $154,000 after buying an additional 155,151 shares during the last quarter. Institutional investors and hedge funds 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.