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

Advantage Solutions Inc. (NASDAQ:ADV)’s stock price rose 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 changed 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 Analysts Forecast Growth

ADV has been the topic of a number of research analyst reports. Wall Street Zen cut 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 target on shares of Advantage Solutions in a research note on Tuesday, March 3rd. 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 report on Thursday, May 7th. Zacks Research upgraded Advantage Solutions from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Weiss Ratings raised shares of Advantage Solutions from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.38.

Advantage Solutions Stock Up 8.3%

The stock has a 50-day moving average of $32.16 and a 200 day moving average of $24.57. 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 company has a market cap of $519.37 million, a P/E ratio of -2.10 and a beta of 2.21.

Insider Activity

In other news, CEO David A. Peacock acquired 800 shares of the firm’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 of the company’s stock, valued at $7,486,194.40. The trade was a 0.37% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 9.40% of the company’s stock.

Hedge Funds Weigh In On Advantage Solutions

Hedge funds and other institutional investors have recently modified their holdings of the business. Creative Planning acquired a new stake in Advantage Solutions in the second quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Advantage Solutions during the second quarter worth $31,000. Two Sigma Investments LP acquired a new position in shares of Advantage Solutions during the third quarter worth $35,000. Virtu Financial LLC acquired a new stake in shares of Advantage Solutions during the 3rd quarter valued at $36,000. Finally, Voleon Capital Management LP bought a new stake in Advantage Solutions during the 3rd quarter worth $36,000. Institutional investors own 49.82% of the company’s stock.

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.