Shares of Advantage Solutions Inc. (NASDAQ:ADV – Get Free Report) shot up 5.3% on Monday . The company traded as high as $42.34 and last traded at $42.02. 33,239 shares traded hands during trading, a decline of 60% from the average session volume of 82,775 shares. The stock had previously closed at $39.89.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on ADV. Canaccord Genuity Group increased their target price on Advantage Solutions from $37.50 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Zacks Research upgraded shares of Advantage Solutions from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Weiss Ratings raised shares of Advantage Solutions from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $34.38.
Advantage Solutions Trading Down 2.4%
Insider Activity at Advantage Solutions
In other Advantage Solutions news, CEO David A. Peacock acquired 800 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were bought at an average cost of $34.60 per share, with a total value of $27,680.00. Following the completion of the transaction, the chief executive officer directly owned 216,364 shares of the company’s stock, valued at approximately $7,486,194.40. This represents a 0.37% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.70% of the stock is owned by company insiders.
Hedge Funds Weigh In On Advantage Solutions
A number of hedge funds have recently bought and sold shares of the business. Stoic Point Capital Management LLC purchased a new stake in shares of Advantage Solutions during the 4th quarter valued at about $1,375,000. Inspire Investing LLC grew its stake in shares of Advantage Solutions by 87.3% in the fourth quarter. Inspire Investing LLC now owns 554,271 shares of the company’s stock worth $488,000 after acquiring an additional 258,379 shares during the period. CastleKnight Management LP raised its holdings in shares of Advantage Solutions by 18.1% during the fourth quarter. CastleKnight Management LP now owns 11,794,950 shares of the company’s stock valued at $10,380,000 after purchasing an additional 1,806,891 shares during the last quarter. Graham Capital Management L.P. lifted its position in Advantage Solutions by 285.1% during the fourth quarter. Graham Capital Management L.P. now owns 88,862 shares of the company’s stock valued at $78,000 after purchasing an additional 65,785 shares during the period. Finally, Squarepoint Ops LLC boosted its holdings in Advantage Solutions by 760.9% in the fourth quarter. Squarepoint Ops LLC now owns 175,542 shares of the company’s stock worth $154,000 after purchasing an additional 155,151 shares during the last quarter. Hedge funds and other 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.
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