Advantage Solutions (NASDAQ:ADV) Trading 4.8% Higher – Still a Buy?
by Kim Johansen · The Markets DailyAdvantage Solutions Inc. (NASDAQ:ADV – Get Free Report)’s stock price was up 4.8% during trading on Tuesday . The stock traded as high as $36.59 and last traded at $37.5690. Approximately 3,097 shares changed hands during trading, a decline of 96% from the average session volume of 69,989 shares. The stock had previously closed at $35.84.
Wall Street Analyst Weigh In
ADV has been the subject of a number of research analyst reports. Canaccord Genuity Group upped their target price on Advantage Solutions from $37.50 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Morgan Stanley set a $18.75 price objective on Advantage Solutions in a research note on Tuesday, March 3rd. Zacks Research upgraded Advantage Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Wall Street Zen cut Advantage Solutions from a “strong-buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Weiss Ratings raised Advantage Solutions from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $34.38.
Check Out Our Latest Stock Report on Advantage Solutions
Advantage Solutions Price Performance
The stock has a 50 day moving average of $36.02 and a two-hundred day moving average of $25.76. The company has a debt-to-equity ratio of 3.18, a quick ratio of 1.95 and a current ratio of 1.95. The stock has a market cap of $496.02 million, a PE ratio of -2.01 and a beta of 2.21.
Insider Activity at Advantage Solutions
In other news, CEO David A. Peacock bought 800 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was bought at an average cost of $34.60 per share, for a total transaction 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 purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 9.40% of the stock is currently owned by insiders.
Institutional Trading of Advantage Solutions
Hedge funds have recently modified their holdings of the business. CastleKnight Management LP lifted its stake in Advantage Solutions by 18.1% in the 4th quarter. CastleKnight Management LP now owns 11,794,950 shares of the company’s stock worth $10,380,000 after acquiring an additional 1,806,891 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake 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. Geode Capital Management LLC increased its holdings in shares of Advantage Solutions by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 2,763,633 shares of the company’s stock valued at $2,432,000 after acquiring an additional 21,509 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Advantage Solutions by 40.7% during the 3rd quarter. Vanguard Group Inc. now owns 2,675,768 shares of the company’s stock valued at $4,094,000 after acquiring an additional 773,560 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Advantage Solutions by 4.2% in the 4th quarter. State Street Corp now owns 2,180,442 shares of the company’s stock valued at $1,919,000 after acquiring an additional 88,129 shares in the last quarter. 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.
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