Advantage Solutions (NASDAQ:ADV) Trading 3.9% Higher

Shares of Advantage Solutions Inc. (NASDAQ:ADV) rose 3.9% on Wednesday . The stock traded as high as $3.19 and last traded at $3.17. Approximately 207,203 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 835,670 shares. The stock had previously closed at $3.05.

Analyst Ratings Changes

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

Advantage Solutions Stock Up 1.9 %

The firm has a market cap of $1.03 billion, a price-to-earnings ratio of -45.85 and a beta of 1.50. 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 firm has a fifty day moving average price of $3.56 and a 200-day moving average price of $3.82.

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

Insider Activity at Advantage Solutions

In related news, CEO David A. Peacock purchased 40,000 shares of the business’s stock in a transaction on Friday, June 21st. The shares were bought at an average price of $2.79 per share, with a total value of $111,600.00. Following the completion of the purchase, the chief executive officer now directly owns 2,320,396 shares in the company, valued at approximately $6,473,904.84. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 6.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Advantage Solutions

Hedge funds and other institutional investors have recently modified their holdings of the company. Mosaic Family Wealth Partners LLC raised its holdings in Advantage Solutions by 5.9% in the first quarter. Mosaic Family Wealth Partners LLC now owns 270,000 shares of the company’s stock valued at $1,169,000 after buying an additional 15,000 shares during the period. Innealta Capital LLC acquired a new position in shares of Advantage Solutions during the 1st quarter valued at $97,000. California State Teachers Retirement System boosted its position in Advantage Solutions by 11.1% during the 1st quarter. California State Teachers Retirement System now owns 112,148 shares of the company’s stock worth $486,000 after purchasing an additional 11,204 shares during the period. Atairos Partners GP Inc. increased its holdings in Advantage Solutions by 16.9% in the 1st quarter. Atairos Partners GP Inc. now owns 4,971,442 shares of the company’s stock valued at $21,526,000 after purchasing an additional 717,714 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in 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. 49.82% of the stock is owned by institutional investors and hedge funds.

Advantage Solutions Company Profile

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.