Advantage Solutions (NASDAQ:ADV) Shares Up 5.9% - What's Next?

Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report)'s stock price was up 5.9% during trading on Tuesday . The stock traded as high as $1.59 and last traded at $1.64. Approximately 26,130 shares were traded during trading, a decline of 96% from the average daily volume of 646,791 shares. The stock had previously closed at $1.55.

Wall Street Analyst Weigh In

ADV has been the topic of several recent research reports. Canaccord Genuity Group decreased their price target on shares of Advantage Solutions from $3.50 to $2.50 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Morgan Stanley set a $2.00 price target on shares of Advantage Solutions in a report on Wednesday, May 14th.

Advantage Solutions Stock Performance

The firm's fifty day moving average price is $1.31 and its 200 day moving average price is $2.04. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 2.39. The firm has a market capitalization of $528.63 million, a PE ratio of -1.41 and a beta of 2.02.

Insider Activity

In other Advantage Solutions news, Director James M. Kilts acquired 23,314 shares of Advantage Solutions stock in a transaction that occurred on Tuesday, June 3rd. The stock was acquired at an average price of $1.24 per share, with a total value of $28,909.36. Following the purchase, the director now owns 1,342,531 shares in the company, valued at approximately $1,664,738.44. This trade represents a 1.77% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased a total of 176,631 shares of company stock worth $217,016 in the last ninety days. Corporate insiders own 6.20% of the company's stock.

Institutional Investors Weigh In On Advantage Solutions

Several institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. lifted its position in Advantage Solutions by 7.9% during the 4th quarter. Principal Financial Group Inc. now owns 59,558 shares of the company's stock worth $174,000 after acquiring an additional 4,351 shares during the last quarter. Ancora Advisors LLC lifted its position in Advantage Solutions by 0.6% during the 4th quarter. Ancora Advisors LLC now owns 829,872 shares of the company's stock worth $2,423,000 after acquiring an additional 5,030 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Advantage Solutions by 16.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 39,715 shares of the company's stock worth $116,000 after acquiring an additional 5,498 shares during the last quarter. Renaissance Technologies LLC lifted its position in Advantage Solutions by 1.1% during the 4th quarter. Renaissance Technologies LLC now owns 648,500 shares of the company's stock worth $1,894,000 after acquiring an additional 7,000 shares during the last quarter. Finally, Prudential Financial Inc. lifted its position in Advantage Solutions by 1.0% during the 4th quarter. Prudential Financial Inc. now owns 732,675 shares of the company's stock worth $2,139,000 after acquiring an additional 7,400 shares during the last quarter. Institutional investors and hedge funds own 49.82% of the company's stock.

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.