Advantage Solutions Inc. (NASDAQ:ADV – Get Free Report) shares rose 4.8% on Tuesday . The stock traded as high as $36.59 and last traded at $37.5690. Approximately 3,097 shares were traded during trading, a decline of 96% from the average daily volume of 69,989 shares. The stock had previously closed at $35.84.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on ADV. Canaccord Genuity Group upped their target price on Advantage Solutions from $37.50 to $50.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Zacks Research upgraded Advantage Solutions from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Morgan Stanley set a $18.75 price objective on Advantage Solutions in a research note on Tuesday, March 3rd. Weiss Ratings raised Advantage Solutions from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen cut Advantage Solutions from a “strong-buy” rating to a “hold” rating in a research note on Saturday, March 7th. One equities 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $34.38.
Check Out Our Latest Research Report on ADV
Advantage Solutions Stock Performance
Insider Transactions at Advantage Solutions
In other Advantage Solutions news, CEO David A. Peacock purchased 800 shares of Advantage Solutions stock in a transaction on Monday, May 18th. The stock was bought at an average price of $34.60 per share, for a total transaction of $27,680.00. Following the transaction, the chief executive officer owned 216,364 shares of the company’s stock, valued at $7,486,194.40. The trade was a 0.37% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 9.40% of the company’s stock.
Institutional Investors Weigh In On Advantage Solutions
A number of hedge funds and other institutional investors have recently modified their holdings of ADV. Creative Planning bought a new position in Advantage Solutions in the 2nd quarter valued at about $26,000. Two Sigma Investments LP bought a new stake in shares of Advantage Solutions during the 3rd quarter worth about $35,000. Voleon Capital Management LP acquired a new stake in shares of Advantage Solutions in the 3rd quarter worth approximately $36,000. Virtu Financial LLC acquired a new stake in shares of Advantage Solutions in the 3rd quarter worth approximately $36,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of Advantage Solutions in the second quarter valued at approximately $31,000. 49.82% of the stock is currently owned by institutional investors.
Advantage Solutions Company Profile
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.
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