Advantage Solutions (NASDAQ:ADV) Shares Up 3.9%

Advantage Solutions Inc. (NASDAQ:ADV)’s stock price shot up 3.9% during mid-day trading on Wednesday . The company traded as high as $3.19 and last traded at $3.17. 207,203 shares were traded during trading, a decline of 75% from the average session volume of 835,670 shares. The stock had previously closed at $3.05.

Wall Street Analysts Forecast Growth

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

Advantage Solutions Price Performance

The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.66. The business has a 50-day moving average of $3.61 and a 200 day moving average of $3.82.

Advantage Solutions (NASDAQ:ADV) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.24). The firm had revenue of $879.00 million for the quarter, compared to analysts’ expectations of $893.04 million. Advantage Solutions had a negative net margin of 0.36% and a negative return on equity of 5.26%. During the same quarter last year, the company posted ($0.15) EPS. As a group, research analysts anticipate that Advantage Solutions Inc. will post 0.41 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO David A. Peacock purchased 40,000 shares of Advantage Solutions stock in a transaction on Friday, June 21st. The stock was acquired at an average price of $2.79 per share, for a total transaction of $111,600.00. Following the completion of the transaction, the chief executive officer now directly owns 2,320,396 shares in the company, valued at approximately $6,473,904.84. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 6.20% of the company’s stock.

Institutional Trading of Advantage Solutions

Several institutional investors have recently made changes to their positions in ADV. Acadian Asset Management LLC purchased a new stake in shares of Advantage Solutions during the first quarter worth about $29,000. Victory Capital Management Inc. bought a new position in Advantage Solutions during the fourth quarter valued at approximately $51,000. Quadrature Capital Ltd bought a new position in Advantage Solutions during the fourth quarter valued at approximately $55,000. Dynamic Technology Lab Private Ltd bought a new position in Advantage Solutions during the fourth quarter valued at approximately $57,000. Finally, BancFirst Trust & Investment Management boosted its stake in Advantage Solutions by 50.0% during the fourth quarter. BancFirst Trust & Investment Management now owns 15,000 shares of the company’s stock valued at $58,000 after buying an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

About Advantage Solutions

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.