Advantage Solutions (NASDAQ:ADV) Trading 7% Higher - Still a Buy?

Key Points

• Advantage Solutions' shares increased by 7% during Friday trading, reaching a high of $1.61 despite a 49% decline in volume from the average daily trading.
• Brokerage ratings show mixed sentiments, with Morgan Stanley setting a price target of $2.00 while Canaccord Genuity lowered theirs from $3.50 to $2.50.
• Insider activity was notable, with Director James M. Kilts purchasing 23,314 shares at an average price of $1.24, increasing his stake in the company.

Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report)'s share price shot up 7% during trading on Friday . The stock traded as high as $1.61 and last traded at $1.61. 314,745 shares traded hands during trading, a decline of 49% from the average session volume of 611,486 shares. The stock had previously closed at $1.50.

Analyst Ratings Changes

Several research firms recently issued reports on ADV. Morgan Stanley set a $2.00 price target on Advantage Solutions in a research report on Wednesday, May 14th. Canaccord Genuity Group dropped their price target on Advantage Solutions from $3.50 to $2.50 and set a "buy" rating on the stock in a research report on Tuesday, May 13th.

Advantage Solutions Stock Performance

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 company has a 50-day moving average of $1.43 and a 200-day moving average of $1.73. The firm has a market capitalization of $463.76 million, a price-to-earnings ratio of -1.23 and a beta of 2.04.

Insiders Place Their Bets

In related news, Director James M. Kilts bought 23,314 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were purchased at an average cost of $1.24 per share, with a total value 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 approximately $1,664,738.44. This represents a 1.77% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders acquired 176,631 shares of company stock valued at $217,016 over the last quarter. 6.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Ancora Advisors LLC grew its stake in shares of Advantage Solutions by 0.6% in the fourth quarter. Ancora Advisors LLC now owns 829,872 shares of the company's stock worth $2,423,000 after purchasing an additional 5,030 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Advantage Solutions by 16.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,715 shares of the company's stock worth $116,000 after purchasing an additional 5,498 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Advantage Solutions by 1.1% in the fourth quarter. Renaissance Technologies LLC now owns 648,500 shares of the company's stock worth $1,894,000 after purchasing an additional 7,000 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of Advantage Solutions by 1.0% in the fourth quarter. Prudential Financial Inc. now owns 732,675 shares of the company's stock worth $2,139,000 after purchasing an additional 7,400 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Advantage Solutions by 8.5% in the first quarter. Deutsche Bank AG now owns 120,461 shares of the company's stock worth $182,000 after purchasing an additional 9,477 shares in the last quarter. Institutional investors 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.