Advantage Solutions (NASDAQ:ADV) Trading 5.1% Higher

Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report)'s stock price was up 5.1% during trading on Thursday . The stock traded as high as $4.35 and last traded at $4.34. Approximately 573,030 shares changed hands during mid-day trading, a decline of 7% from the average daily volume of 615,021 shares. The stock had previously closed at $4.13.

Analyst Ratings Changes

Separately, TheStreet raised Advantage Solutions from a "d" rating to a "c-" rating in a research note on Thursday, February 29th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $3.43.

Advantage Solutions Stock Performance

The company has a debt-to-equity ratio of 1.68, a current ratio of 1.87 and a quick ratio of 1.87. The stock has a fifty day simple moving average of $4.03 and a two-hundred day simple moving average of $3.43. The firm has a market capitalization of $1.39 billion, a P/E ratio of -21.65 and a beta of 1.59.

Advantage Solutions (NASDAQ:ADV - Get Free Report) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.08). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.14 billion. Advantage Solutions had a negative net margin of 1.35% and a negative return on equity of 4.51%. On average, research analysts predict that Advantage Solutions Inc. will post 0.47 EPS for the current year.

Insider Buying and Selling

In related news, COO Jack Anthony Pestello bought 10,000 shares of the business's stock in a transaction that occurred on Monday, March 11th. The shares were bought at an average price of $3.87 per share, with a total value of $38,700.00. Following the completion of the transaction, the chief operating officer now directly owns 146,279 shares in the company, valued at $566,099.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.50% of the stock is currently owned by company insiders.

Institutional Trading of Advantage Solutions

A number of hedge funds have recently bought and sold shares of ADV. Swiss National Bank raised its position in Advantage Solutions by 7.3% in the first quarter. Swiss National Bank now owns 150,600 shares of the company's stock worth $961,000 after acquiring an additional 10,200 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Advantage Solutions by 4.1% in the 1st quarter. Bank of New York Mellon Corp now owns 529,664 shares of the company's stock worth $3,379,000 after purchasing an additional 20,843 shares during the period. MetLife Investment Management LLC lifted its stake in Advantage Solutions by 59.3% in the first quarter. MetLife Investment Management LLC now owns 48,291 shares of the company's stock valued at $308,000 after purchasing an additional 17,984 shares during the last quarter. Panagora Asset Management Inc. raised its stake in shares of Advantage Solutions by 17.3% in the first quarter. Panagora Asset Management Inc. now owns 151,398 shares of the company's stock valued at $966,000 after buying an additional 22,304 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Advantage Solutions by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 7,774,752 shares of the company's stock valued at $49,603,000 after buying an additional 62,402 shares during the last quarter. 49.82% of the stock is currently 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.