Advantage Solutions (NASDAQ:ADV) Sees Unusually-High Trading Volume - Should You Buy?

Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report) saw strong trading volume on Wednesday . 562,319 shares were traded during trading, a decline of 14% from the previous session's volume of 650,561 shares.The stock last traded at $1.69 and had previously closed at $1.47.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Morgan Stanley set a $2.00 target price on shares of Advantage Solutions in a report on Wednesday, May 14th. Canaccord Genuity Group dropped their target price on shares of Advantage Solutions from $3.50 to $2.50 and set a "buy" rating for the company in a report on Tuesday, May 13th.

Advantage Solutions Price Performance

The company has a market capitalization of $467.01 million, a price-to-earnings ratio of -3.51 and a beta of 2.02. The company's 50 day simple moving average is $1.28 and its 200-day simple moving average is $2.10. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.81.

Insiders Place Their Bets

In related news, Director James M. Kilts bought 26,523 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were acquired at an average cost of $1.21 per share, with a total value of $32,092.83. Following the completion of the transaction, the director now owns 1,120,567 shares of the company's stock, valued at approximately $1,355,886.07. The trade was a 2.42% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have bought 176,631 shares of company stock valued at $217,016 in the last ninety days. Insiders own 6.20% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ADV. Principal Financial Group Inc. lifted its position in Advantage Solutions by 7.9% during the fourth quarter. Principal Financial Group Inc. now owns 59,558 shares of the company's stock valued at $174,000 after buying an additional 4,351 shares in the last quarter. Ancora Advisors LLC lifted its position in Advantage Solutions by 0.6% during the fourth quarter. Ancora Advisors LLC now owns 829,872 shares of the company's stock valued at $2,423,000 after buying an additional 5,030 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Advantage Solutions by 16.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,715 shares of the company's stock valued at $116,000 after buying an additional 5,498 shares in the last quarter. Renaissance Technologies LLC lifted its position in Advantage Solutions by 1.1% during the fourth quarter. Renaissance Technologies LLC now owns 648,500 shares of the company's stock valued at $1,894,000 after buying an additional 7,000 shares in the last quarter. Finally, Prudential Financial Inc. lifted its position in Advantage Solutions by 1.0% during the fourth quarter. Prudential Financial Inc. now owns 732,675 shares of the company's stock valued at $2,139,000 after buying an additional 7,400 shares in the last quarter. 49.82% of the stock is owned by institutional investors and hedge funds.

Advantage Solutions Company Profile

Advantage Solutions Inc provides business solutions to consumer goods manufacturers and retailers in North America and internationally. It operates in two segments, Sales and Marketing. The Sales segment offers brand-centric services, such as headquarter relationship management; analytics, insights, and intelligence; and brand-centric merchandising services.