Advantage Solutions (NASDAQ:ADV) Sees Strong Trading Volume

Advantage Solutions Inc. (NASDAQ:ADVGet Rating) saw strong trading volume on Tuesday . 39,661 shares were traded during trading, a decline of 91% from the previous session’s volume of 452,126 shares.The stock last traded at $5.78 and had previously closed at $5.97.

ADV has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Advantage Solutions in a research note on Tuesday, March 29th. They issued a “hold” rating and a $7.00 price target for the company. Zacks Investment Research lowered shares of Advantage Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday, January 11th. Morgan Stanley dropped their price target on shares of Advantage Solutions from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Thursday, March 3rd. Finally, The Goldman Sachs Group lowered shares of Advantage Solutions from a “buy” rating to a “neutral” rating and lowered their target price for the company from $12.00 to $7.00 in a research note on Friday, March 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $9.20.

The stock has a fifty day moving average price of $6.62. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.79. The company has a market cap of $1.76 billion, a PE ratio of 36.80 and a beta of 0.42.

Advantage Solutions (NASDAQ:ADVGet Rating) last issued its earnings results on Tuesday, March 1st. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. Advantage Solutions had a return on equity of 7.38% and a net margin of 1.51%. As a group, equities research analysts expect that Advantage Solutions Inc. will post 0.73 EPS for the current year.

In other Advantage Solutions news, Director James M. Kilts acquired 56,209 shares of Advantage Solutions stock in a transaction dated Monday, March 7th. The stock was bought at an average cost of $5.59 per share, with a total value of $314,208.31. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Dean Kaye sold 7,067 shares of the stock in a transaction that occurred on Monday, March 7th. The shares were sold at an average price of $5.49, for a total value of $38,797.83. The disclosure for this sale can be found here. Insiders sold a total of 112,954 shares of company stock worth $623,394 in the last quarter. 4.90% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of ADV. Royal Bank of Canada raised its stake in Advantage Solutions by 1,207.8% during the second quarter. Royal Bank of Canada now owns 5,231 shares of the company’s stock worth $56,000 after acquiring an additional 4,831 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in Advantage Solutions during the 4th quarter worth $67,000. Teacher Retirement System of Texas acquired a new stake in Advantage Solutions during the 3rd quarter worth $89,000. Citigroup Inc. raised its stake in Advantage Solutions by 132.0% during the 3rd quarter. Citigroup Inc. now owns 11,155 shares of the company’s stock worth $96,000 after buying an additional 6,346 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Advantage Solutions during the 3rd quarter worth $98,000. 26.69% of the stock is owned by institutional investors.

Advantage Solutions Company Profile (NASDAQ:ADV)

Advantage Solutions Inc provides outsourced solutions to consumer goods companies 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; administration; and brand-centric merchandising services.

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