Advantage Solutions (NASDAQ:ADV) Sees Strong Trading Volume – What’s Next?

Advantage Solutions Inc. (NASDAQ:ADV) shares saw unusually-high trading volume on Wednesday . Approximately 83,288 shares changed hands during mid-day trading, an increase of 8% from the previous session’s volume of 77,426 shares.The stock last traded at $45.53 and had previously closed at $43.24.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ADV shares. 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 raised shares of Advantage Solutions from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Canaccord Genuity Group boosted their price target on Advantage Solutions from $37.50 to $50.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Wall Street Zen downgraded Advantage Solutions from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Morgan Stanley set a $18.75 price target on Advantage Solutions in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $34.38.

Advantage Solutions Stock Up 5.3%

The company has a market cap of $605.42 million, a PE ratio of -2.43 and a beta of 2.21. 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 firm has a 50-day simple moving average of $37.80 and a two-hundred day simple moving average of $26.63.

Insider Activity

In other Advantage Solutions news, CEO David A. Peacock acquired 800 shares of the stock in a transaction dated Monday, May 18th. The stock was acquired at an average price of $34.60 per share, with a total value of $27,680.00. Following the completion of the transaction, the chief executive officer directly owned 216,364 shares in the company, valued at approximately $7,486,194.40. This trade represents a 0.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 9.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Advantage Solutions

A number of hedge funds have recently made changes to their positions in ADV. Creative Planning acquired a new stake in Advantage Solutions during the second quarter worth about $26,000. Two Sigma Investments LP purchased a new position in Advantage Solutions in the 3rd quarter valued at about $35,000. Voleon Capital Management LP acquired a new position in shares of Advantage Solutions in the 3rd quarter valued at approximately $36,000. Virtu Financial LLC acquired a new stake in shares of Advantage Solutions in the 3rd quarter valued at about $36,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in Advantage Solutions in the second quarter valued at about $31,000. Institutional investors and hedge funds 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.