Advantage Solutions (NASDAQ:ADV) Sees Strong Trading Volume – Time to Buy?

Shares of Advantage Solutions Inc. (NASDAQ:ADV) saw an uptick in trading volume on Wednesday . Approximately 83,288 shares were traded during 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ADV shares. Weiss Ratings upgraded shares of Advantage Solutions from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 6th. Morgan Stanley set a $18.75 price objective on shares of Advantage Solutions in a report on Tuesday, March 3rd. Zacks Research upgraded shares of Advantage Solutions from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. 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. Finally, Wall Street Zen downgraded Advantage Solutions from a “strong-buy” rating to a “hold” rating in a research note on Saturday, March 7th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $34.38.

Advantage Solutions Trading Up 5.3%

The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 3.18. The stock has a market cap of $605.42 million, a price-to-earnings ratio of -2.43 and a beta of 2.21. The company has a fifty day simple moving average of $37.80 and a 200-day simple moving average of $26.63.

Insiders Place Their Bets

In other Advantage Solutions news, CEO David A. Peacock bought 800 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were bought at an average price of $34.60 per share, for a total transaction of $27,680.00. Following the acquisition, the chief executive officer directly owned 216,364 shares of the company’s stock, valued at approximately $7,486,194.40. This trade represents a 0.37% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 9.40% of the stock is currently owned by company insiders.

Institutional Trading of Advantage Solutions

Several large investors have recently added to or reduced their stakes in ADV. Empowered Funds LLC increased its position in Advantage Solutions by 4.0% during the first quarter. Empowered Funds LLC now owns 1,769,040 shares of the company’s stock worth $2,671,000 after buying an additional 68,177 shares during the last quarter. Strs Ohio bought a new position in Advantage Solutions in the first quarter worth $117,000. Creative Planning bought a new position in Advantage Solutions during the second quarter worth about $26,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Advantage Solutions in the 2nd quarter valued at $31,000. Finally, Bank of America Corp DE increased its holdings in Advantage Solutions by 21.8% during the 2nd quarter. Bank of America Corp DE now owns 71,676 shares of the company’s stock valued at $95,000 after purchasing an additional 12,816 shares in the last quarter. 49.82% of the stock is owned by institutional investors.

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.