Advantage Solutions (NASDAQ:ADV) Shares Up 15.3% - What's Next?

Key Points

• Advantage Solutions Inc. shares increased by 15.3% during trading, reaching a high of $1.54 before closing at $1.55, significantly outpacing its average daily volume.
• Analysts have mixed views on the stock, with Morgan Stanley setting a price target of $2.00 while Canaccord Genuity lowered its target to $2.50 but maintained a "buy" rating.
• Institutional investors are actively trading in Advantage Solutions, with 49.82% of shares now held by these investors, indicating growing confidence in the company's prospects.

Shares of Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report) were up 15.3% during trading on Thursday . The company traded as high as $1.54 and last traded at $1.55. Approximately 768,062 shares traded hands during mid-day trading, an increase of 25% from the average daily volume of 614,664 shares. The stock had previously closed at $1.34.

Analyst Ratings Changes

A number of research analysts have recently commented on ADV shares. Morgan Stanley set a $2.00 price target on Advantage Solutions in a research note on Wednesday, May 14th. Canaccord Genuity Group decreased their target price on Advantage Solutions from $3.50 to $2.50 and set a "buy" rating for the company in a research report on Tuesday, May 13th.

Advantage Solutions Stock Performance

The company has a 50-day moving average price of $1.45 and a two-hundred day moving average price of $1.69. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 2.39. The stock has a market capitalization of $531.87 million, a P/E ratio of -1.41 and a beta of 2.07.

Advantage Solutions (NASDAQ:ADV - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.21). Advantage Solutions had a negative return on equity of 33.99% and a negative net margin of 10.71%. Equities analysts expect that Advantage Solutions Inc. will post -0.51 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director James M. Kilts bought 23,314 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were purchased at an average price of $1.24 per share, for a total transaction of $28,909.36. Following the completion of the purchase, the director owned 1,342,531 shares in the company, valued at approximately $1,664,738.44. This represents a 1.77% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have bought a total of 176,631 shares of company stock valued at $217,016 in the last 90 days. 6.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Advantage Solutions

A number of institutional investors have recently bought and sold shares of the stock. Millennium Management LLC boosted its holdings in shares of Advantage Solutions by 193.5% in the 4th quarter. Millennium Management LLC now owns 600,149 shares of the company's stock worth $1,752,000 after purchasing an additional 395,651 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Advantage Solutions by 18.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 230,293 shares of the company's stock valued at $672,000 after purchasing an additional 35,352 shares during the last quarter. Deutsche Bank AG grew its holdings in Advantage Solutions by 44.8% during the fourth quarter. Deutsche Bank AG now owns 110,984 shares of the company's stock worth $324,000 after acquiring an additional 34,362 shares during the period. Dimensional Fund Advisors LP boosted its position in Advantage Solutions by 11.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,684,721 shares of the company's stock worth $13,679,000 after purchasing an additional 479,348 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Advantage Solutions during the 4th quarter worth approximately $48,000. 49.82% of the stock is owned by institutional investors.

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.

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