Advantage Solutions (NASDAQ:ADV) Stock Price Up 7.6% – Should You Buy?

Advantage Solutions Inc. (NASDAQ:ADV)’s stock price rose 7.6% during trading on Tuesday . The company traded as high as $37.81 and last traded at $38.5750. Approximately 24,992 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 54,606 shares. The stock had previously closed at $35.84.

Wall Street Analysts Forecast Growth

ADV has been the topic of a number of research analyst reports. Morgan Stanley set a $18.75 price target on shares of Advantage Solutions in a report on Tuesday, March 3rd. Canaccord Genuity Group increased their price target on shares of Advantage Solutions from $37.50 to $50.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. 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 raised shares of Advantage Solutions from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen lowered shares of Advantage Solutions from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 7th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Advantage Solutions has an average rating of “Hold” and a consensus price target of $34.38.

Advantage Solutions Stock Performance

The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 3.18. The company’s fifty day moving average is $26.53 and its 200 day moving average is $23.98. The company has a market cap of $453.00 million, a P/E ratio of -1.82 and a beta of 2.21.

Hedge Funds Weigh In On Advantage Solutions

Several institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE grew its holdings in shares of Advantage Solutions by 21.8% during the 2nd quarter. Bank of America Corp DE now owns 71,676 shares of the company’s stock valued at $95,000 after purchasing an additional 12,816 shares during the last quarter. Creative Planning bought a new position in shares of Advantage Solutions during the 2nd quarter valued at $26,000. Tower Research Capital LLC TRC grew its holdings in shares of Advantage Solutions by 143.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 35,394 shares of the company’s stock valued at $47,000 after purchasing an additional 20,841 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Advantage Solutions by 220.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 30,346 shares of the company’s stock valued at $46,000 after purchasing an additional 20,864 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Advantage Solutions by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 2,763,633 shares of the company’s stock valued at $2,432,000 after purchasing an additional 21,509 shares during the last quarter. Institutional investors 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.