Advantage Solutions (NASDAQ:ADV) Stock Price Up 4.8% - Here's Why

Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report)'s share price was up 4.8% during mid-day trading on Monday . The stock traded as high as $1.65 and last traded at $1.65. Approximately 305,553 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 601,465 shares. The stock had previously closed at $1.57.

Analyst Ratings Changes

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

Advantage Solutions Stock Down 1.3%

The firm has a 50-day moving average of $1.35 and a 200 day moving average of $1.87. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.99 and a quick ratio of 1.99. The stock has a market capitalization of $502.68 million, a price-to-earnings ratio of -1.34 and a beta of 2.04.

Insider Buying and Selling

In related news, Director James M. Kilts purchased 26,523 shares of Advantage Solutions stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased 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 owned 1,120,567 shares of the company's stock, valued at approximately $1,355,886.07. This trade represents a 2.42% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased 176,631 shares of company stock worth $217,016 over the last ninety days. Corporate insiders own 6.20% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Cornerstone Wealth Management LLC acquired a new stake in shares of Advantage Solutions in the first quarter valued at approximately $25,000. Humankind Investments LLC acquired a new stake in shares of Advantage Solutions in the fourth quarter valued at approximately $31,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Advantage Solutions in the fourth quarter valued at approximately $33,000. Forum Financial Management LP acquired a new stake in shares of Advantage Solutions in the fourth quarter valued at approximately $34,000. Finally, BNP Paribas Financial Markets acquired a new stake in Advantage Solutions during the 4th quarter worth approximately $39,000. 49.82% of the stock is owned by institutional investors and hedge funds.

About Advantage Solutions

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.