Advantage Solutions (NASDAQ:ADV) Trading Down 5.6% – What’s Next?

Shares of Advantage Solutions Inc. (NASDAQ:ADV) traded down 5.6% during trading on Tuesday . The stock traded as low as $43.26 and last traded at $44.20. 44,136 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 75,495 shares. The stock had previously closed at $46.82.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ADV shares. Weiss Ratings upgraded shares of Advantage Solutions from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. Wall Street Zen cut shares of Advantage Solutions from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 7th. Canaccord Genuity Group increased their target price 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. Finally, Zacks Research upgraded Advantage Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. One 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 a consensus price target of $34.38.

Advantage Solutions Stock Up 2.2%

The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 3.18. The business has a 50-day simple moving average of $38.01 and a 200-day simple moving average of $26.77. The stock has a market cap of $587.99 million, a P/E ratio of -2.36 and a beta of 2.17.

Insider Buying and Selling at Advantage Solutions

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 stock was acquired at an average cost of $34.60 per share, with a total value of $27,680.00. Following the acquisition, the chief executive officer owned 216,364 shares in the company, valued at approximately $7,486,194.40. This represents a 0.37% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 9.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in Advantage Solutions by 21.8% during the second quarter. Bank of America Corp DE now owns 71,676 shares of the company’s stock valued at $95,000 after acquiring an additional 12,816 shares during the period. Creative Planning bought a new position in shares of Advantage Solutions in the second quarter worth about $26,000. Tower Research Capital LLC TRC increased its stake in shares of Advantage Solutions by 143.2% in the second quarter. Tower Research Capital LLC TRC now owns 35,394 shares of the company’s stock worth $47,000 after purchasing an additional 20,841 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Advantage Solutions by 220.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 30,346 shares of the company’s stock worth $46,000 after purchasing an additional 20,864 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position 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 worth $2,432,000 after purchasing an additional 21,509 shares during the last quarter. 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.