Advantage Solutions (NASDAQ:ADV) Trading 5.4% Higher

Advantage Solutions Inc. (NASDAQ:ADVGet Rating) traded up 5.4% on Friday . The stock traded as high as $2.72 and last traded at $2.72. 3,057 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 599,552 shares. The stock had previously closed at $2.58.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Advantage Solutions from $7.00 to $6.00 in a research report on Thursday, November 10th. Morgan Stanley reduced their price objective on Advantage Solutions from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 10th.

Advantage Solutions Stock Performance

The stock has a market capitalization of $843.96 million, a PE ratio of 12.00 and a beta of 1.53. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.77. The stock has a fifty day moving average of $2.71 and a 200-day moving average of $3.66.

Insider Activity

In other news, Director Brian K. Ratzan purchased 100,000 shares of the stock in a transaction that occurred on Friday, September 16th. The shares were acquired at an average price of $2.47 per share, for a total transaction of $247,000.00. Following the acquisition, the director now directly owns 152,269 shares in the company, valued at approximately $376,104.43. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 4.90% of the company’s stock.

Institutional Trading of Advantage Solutions

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Advantage Solutions by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 7,774,752 shares of the company’s stock valued at $49,603,000 after acquiring an additional 62,402 shares during the last quarter. Clearbridge Investments LLC raised its stake in shares of Advantage Solutions by 11.0% in the 2nd quarter. Clearbridge Investments LLC now owns 2,539,065 shares of the company’s stock worth $9,648,000 after buying an additional 251,742 shares in the last quarter. State Street Corp raised its position in shares of Advantage Solutions by 1.6% during the third quarter. State Street Corp now owns 1,617,693 shares of the company’s stock worth $3,446,000 after purchasing an additional 25,566 shares during the period. First Trust Advisors LP raised its position in shares of Advantage Solutions by 67.5% during the third quarter. First Trust Advisors LP now owns 1,014,309 shares of the company’s stock worth $2,160,000 after purchasing an additional 408,748 shares during the period. Finally, Federated Hermes Inc. raised its position in shares of Advantage Solutions by 39.6% during the third quarter. Federated Hermes Inc. now owns 955,828 shares of the company’s stock worth $2,037,000 after purchasing an additional 271,329 shares during the period. 26.80% of the stock is owned by institutional investors and hedge funds.

Advantage Solutions Company Profile

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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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