Advantage Solutions (NASDAQ:ADV) Trading 4.4% Higher

Advantage Solutions Inc. (NASDAQ:ADVGet Free Report) traded up 4.4% during mid-day trading on Thursday . The company traded as high as $3.08 and last traded at $3.06. 71,400 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 744,424 shares. The stock had previously closed at $2.93.

Wall Street Analysts Forecast Growth

Separately, TheStreet raised shares of Advantage Solutions from a “d” rating to a “c-” rating in a report on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Advantage Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $3.43.

View Our Latest Analysis on Advantage Solutions

Advantage Solutions Stock Up 1.3 %

The company has a 50 day simple moving average of $3.92 and a two-hundred day simple moving average of $3.80. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $972.98 million, a P/E ratio of -43.14 and a beta of 1.50.

Advantage Solutions (NASDAQ:ADVGet Free Report) last announced its earnings results on Thursday, May 9th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.24). Advantage Solutions had a negative net margin of 0.36% and a negative return on equity of 5.26%. The business had revenue of $879.00 million for the quarter, compared to analysts’ expectations of $893.04 million. During the same quarter last year, the firm earned ($0.15) EPS.

Insider Buying and Selling at Advantage Solutions

In other Advantage Solutions news, COO Jack Anthony Pestello bought 10,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was acquired at an average price of $3.87 per share, for a total transaction of $38,700.00. Following the completion of the transaction, the chief operating officer now directly owns 146,279 shares of the company’s stock, valued at $566,099.73. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 6.20% of the company’s stock.

Institutional Trading of Advantage Solutions

A number of large investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Advantage Solutions by 22.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 25,007 shares of the company’s stock valued at $109,000 after purchasing an additional 4,584 shares during the period. BancFirst Trust & Investment Management lifted its holdings in Advantage Solutions by 50.0% during the fourth quarter. BancFirst Trust & Investment Management now owns 15,000 shares of the company’s stock worth $58,000 after buying an additional 5,000 shares during the period. Caprock Group LLC lifted its holdings in Advantage Solutions by 49.8% during the fourth quarter. Caprock Group LLC now owns 18,702 shares of the company’s stock worth $68,000 after buying an additional 6,220 shares during the period. Acadian Asset Management LLC purchased a new stake in Advantage Solutions during the first quarter worth $29,000. Finally, SG Americas Securities LLC lifted its holdings in Advantage Solutions by 25.8% during the fourth quarter. SG Americas Securities LLC now owns 49,288 shares of the company’s stock worth $178,000 after buying an additional 10,103 shares during the period. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Advantage Solutions Company Profile

(Get Free Report)

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.

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