Advantage Solutions Inc. (NASDAQ:ADV – Get Free Report) shares saw an uptick in trading volume on Wednesday . 165,339 shares were traded during mid-day trading, an increase of 107% from the previous session’s volume of 80,059 shares.The stock last traded at $38.3250 and had previously closed at $40.02.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the company. Zacks Research upgraded Advantage Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Canaccord Genuity Group lifted their target price on Advantage Solutions from $37.50 to $50.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, 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. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $34.38.
View Our Latest Analysis on ADV
Advantage Solutions Stock Performance
Insider Activity at Advantage Solutions
In other news, CEO David A. Peacock bought 800 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average price of $34.60 per share, for a total transaction of $27,680.00. Following the completion of the purchase, the chief executive officer owned 216,364 shares in the company, valued at approximately $7,486,194.40. This trade represents a 0.37% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 9.40% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE increased its holdings in shares of Advantage Solutions by 21.8% in the 2nd quarter. Bank of America Corp DE now owns 71,676 shares of the company’s stock valued at $95,000 after acquiring an additional 12,816 shares during the last quarter. Creative Planning purchased a new stake in Advantage Solutions during the second quarter worth approximately $26,000. Tower Research Capital LLC TRC boosted its holdings in Advantage Solutions by 143.2% in the second 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 in the last quarter. BNP Paribas Financial Markets boosted its holdings in Advantage Solutions by 220.0% in the third 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 in the last quarter. Finally, Geode Capital Management LLC increased its stake in Advantage Solutions by 0.8% in the fourth 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. 49.82% of the stock is owned by institutional investors and hedge funds.
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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