Advantage Solutions (NASDAQ:ADV) Trading Up 4.8% - What's Next?

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ADV. Canaccord Genuity Group reduced their price target 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. Morgan Stanley set a $2.00 price target on Advantage Solutions in a research report on Wednesday, May 14th.

Advantage Solutions Stock Performance

The firm has a 50-day moving average of $1.36 and a two-hundred day moving average of $1.87. 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 company has a market capitalization of $528.63 million, a PE ratio of -1.41 and a beta of 2.04.

Insider Activity at Advantage Solutions

In other Advantage Solutions news, Director James M. Kilts acquired 23,314 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was acquired at an average cost of $1.24 per share, for a total transaction of $28,909.36. Following the completion of the transaction, the director directly owned 1,342,531 shares of the company's stock, valued at $1,664,738.44. This represents a 1.77% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased 176,631 shares of company stock valued at $217,016 in the last three months. 6.20% of the stock is owned by insiders.

Institutional Trading of Advantage Solutions

Institutional investors and hedge funds have recently made changes to their positions in the business. Cornerstone Wealth Management LLC purchased a new stake in shares of Advantage Solutions during the first quarter worth approximately $25,000. Humankind Investments LLC purchased a new stake in shares of Advantage Solutions during the fourth quarter worth approximately $31,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Advantage Solutions during the fourth quarter worth approximately $33,000. Forum Financial Management LP purchased a new stake in shares of Advantage Solutions during the fourth quarter worth approximately $34,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Advantage Solutions during the fourth quarter worth approximately $39,000. 49.82% of the stock is currently owned by hedge funds and other 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.