Advantage Solutions (NASDAQ:ADV) Shares Up 6.7% – Still a Buy?

Advantage Solutions Inc. (NASDAQ:ADV) shares were up 6.7% on Tuesday . The stock traded as high as $39.52 and last traded at $40.49. 4,461 shares changed hands during trading, a decline of 95% from the average session volume of 86,855 shares. The stock had previously closed at $37.93.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ADV. Zacks Research upgraded Advantage Solutions from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Weiss Ratings upgraded Advantage Solutions from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. Finally, Canaccord Genuity Group increased their price target on Advantage Solutions from $37.50 to $50.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. One equities research 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $34.38.

Advantage Solutions Stock Up 5.6%

The company’s fifty day moving average price is $39.01 and its 200-day moving average price is $28.89. The stock has a market cap of $532.68 million, a P/E ratio of -2.15 and a beta of 2.18. The company has a debt-to-equity ratio of 3.18, a quick ratio of 1.95 and a current ratio of 1.95.

Insiders Place Their Bets

In other news, CEO David A. Peacock acquired 800 shares of Advantage Solutions stock in a transaction that occurred on Monday, May 18th. The shares were bought at an average cost of $34.60 per share, with a total value of $27,680.00. Following the transaction, the chief executive officer directly owned 216,364 shares of the company’s stock, valued at $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 link. 9.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Creative Planning bought a new position in shares of Advantage Solutions during the second quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Advantage Solutions during the 2nd quarter worth approximately $31,000. Two Sigma Investments LP bought a new stake in shares of Advantage Solutions during the 3rd quarter worth approximately $35,000. Virtu Financial LLC purchased a new position in Advantage Solutions during the 3rd quarter valued at $36,000. Finally, Voleon Capital Management LP purchased a new position in Advantage Solutions during the 3rd quarter valued at $36,000. Hedge funds and other 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.