Advantage Solutions (NASDAQ:ADV) Trading Down 7.4% – What’s Next?

Advantage Solutions Inc. (NASDAQ:ADV) fell 7.4% during mid-day trading on Wednesday . The stock traded as low as $39.95 and last traded at $39.6150. 105,474 shares were traded during trading, an increase of 74% from the average session volume of 60,716 shares. The stock had previously closed at $42.79.

Analyst Ratings Changes

Several research firms recently issued reports on ADV. Zacks Research raised shares of Advantage Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Weiss Ratings upgraded shares of Advantage Solutions from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 6th. Morgan Stanley set a $18.75 target price on shares of Advantage Solutions in a research note on Tuesday, March 3rd. Wall Street Zen cut shares of Advantage Solutions from a “strong-buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Canaccord Genuity Group upped their target price on shares of Advantage Solutions from $37.50 to $50.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $34.38.

Advantage Solutions Trading Down 4.0%

The stock has a market capitalization of $499.28 million, a price-to-earnings ratio of -2.00 and a beta of 2.21. The company’s 50 day moving average is $30.80 and its 200 day moving average is $24.43. The company has a debt-to-equity ratio of 3.18, a quick ratio of 1.95 and a current ratio of 1.95.

Insider Buying and Selling

In related news, CEO David A. Peacock bought 800 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average cost of $34.60 per share, for a total transaction of $27,680.00. Following the purchase, the chief executive officer directly owned 216,364 shares in the company, valued at $7,486,194.40. This trade represents a 0.37% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 9.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Advantage Solutions

A number of hedge funds have recently made changes to their positions in ADV. Creative Planning acquired a new position in shares of Advantage Solutions in the 2nd quarter valued at $26,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Advantage Solutions in the 2nd quarter valued at $31,000. Two Sigma Investments LP acquired a new position in shares of Advantage Solutions in the 3rd quarter valued at $35,000. Virtu Financial LLC acquired a new position in shares of Advantage Solutions in the 3rd quarter valued at $36,000. Finally, Voleon Capital Management LP acquired a new position in shares of Advantage Solutions in the 3rd quarter valued at $36,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

About Advantage Solutions

Advantage Solutions is a leading sales and marketing agency that provides outsourced solutions to consumer packaged goods companies. The firm’s offerings include field sales execution, retail merchandising, in-store and shopper marketing, e-commerce activation and data-driven analytics. By deploying dedicated sales teams alongside proprietary technology, Advantage Solutions helps brands optimize shelf placement, ensure compliance with promotional programs and strengthen consumer engagement.

The company’s service portfolio spans field sales and marketing, retail execution, brand ambassador programs, digital and experiential promotions, and shopper insights.