Advantage Solutions (NASDAQ:ADV) Sees Strong Trading Volume – Should You Buy?

Advantage Solutions Inc. (NASDAQ:ADV) saw unusually-high trading volume on Wednesday . Approximately 165,339 shares traded hands during trading, an increase of 107% from the previous session’s volume of 80,059 shares.The stock last traded at $38.3250 and had previously closed at $40.02.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. 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. Zacks Research upgraded shares of Advantage Solutions from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Canaccord Genuity Group raised their price objective on Advantage Solutions from $37.50 to $50.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $34.38.

Advantage Solutions Stock Performance

The stock has a market cap of $520.43 million, a price-to-earnings ratio of -2.09 and a beta of 2.18. The stock’s 50 day moving average is $38.54 and its two-hundred day moving average is $27.28. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 3.18.

Insider Buying and Selling at Advantage Solutions

In related news, CEO David A. Peacock purchased 800 shares of the 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 completion of the acquisition, the chief executive officer directly owned 216,364 shares in the company, valued at $7,486,194.40. This represents a 0.37% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 9.40% of the company’s stock.

Institutional Trading of Advantage Solutions

A number of hedge funds have recently added to or reduced their stakes in ADV. Creative Planning acquired a new position in shares of Advantage Solutions in the second quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Advantage Solutions during the second quarter worth $31,000. Two Sigma Investments LP acquired a new stake in shares of Advantage Solutions during the third quarter worth $35,000. Virtu Financial LLC purchased a new position in Advantage Solutions in the 3rd quarter valued at $36,000. Finally, Voleon Capital Management LP purchased a new position in Advantage Solutions in the 3rd quarter valued at $36,000. 49.82% of the stock is owned by institutional investors and hedge funds.

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.