Advantage Solutions (NASDAQ:ADV) Hits New 1-Year High – Time to Buy?

Advantage Solutions Inc. (NASDAQ:ADV)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $23.18 and last traded at $22.73, with a volume of 5129 shares traded. The stock had previously closed at $0.82.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ADV shares. Wall Street Zen cut Advantage Solutions from a “strong-buy” rating to a “hold” rating in a research report on Saturday, March 7th. Morgan Stanley set a $18.75 price objective on Advantage Solutions in a report on Tuesday, March 3rd. Zacks Research lowered Advantage Solutions from a “hold” rating to a “strong sell” rating in a report on Thursday, March 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Advantage Solutions in a research report on Wednesday, January 21st. Finally, Canaccord Genuity Group lowered their price target on shares of Advantage Solutions from $62.50 to $37.50 and set a “buy” rating on the stock in a report on Wednesday, March 4th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Advantage Solutions has an average rating of “Reduce” and an average price target of $28.13.

Advantage Solutions Price Performance

The stock has a market capitalization of $333.69 million, a PE ratio of -1.46 and a beta of 2.28. The business’s 50-day moving average price is $18.52 and its 200 day moving average price is $26.15. The company has a debt-to-equity ratio of 3.00, a quick ratio of 2.25 and a current ratio of 2.25.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Creative Planning purchased a new stake in Advantage Solutions in the second quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. purchased a new position in Advantage Solutions in the 2nd quarter worth approximately $31,000. Two Sigma Investments LP bought a new position in shares of Advantage Solutions in the 3rd quarter worth $35,000. Virtu Financial LLC bought a new position in shares of Advantage Solutions in the 3rd quarter worth $36,000. Finally, Voleon Capital Management LP purchased a new stake in shares of Advantage Solutions during the 3rd quarter valued at $36,000. 49.82% of the stock is currently owned by institutional investors.

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.