Key Points
- Advantage Solutions CEO David Peacock bought 800 shares on May 18 at an average price of $34.60, spending $27,680. After the purchase, he directly owned 216,364 shares worth about $7.49 million.
- The stock rose 2.9% and opened at $35.89, trading above both its 50-day moving average of $28.10 and 200-day moving average of $23.99.
- Analysts are mixed on ADV, with a consensus rating of “Hold” and an average target price of $34.38. Institutional investors own nearly half the company, and recent fund activity has been mostly net buying.
Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report) CEO David Peacock purchased 800 shares of the business's stock in a transaction dated Monday, May 18th. The shares were purchased at an average price of $34.60 per share, with a total value of $27,680.00. Following the acquisition, the chief executive officer directly owned 216,364 shares in the company, valued at approximately $7,486,194.40. The trade was a 0.37% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Advantage Solutions Stock Up 2.9%
Shares of NASDAQ ADV opened at $35.89 on Thursday. The company has a 50 day simple moving average of $28.10 and a 200-day simple moving average of $23.99. The company has a market capitalization of $477.16 million, a P/E ratio of -1.92 and a beta of 2.21. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.95 and a quick ratio of 1.95. Advantage Solutions Inc. has a 1 year low of $12.23 and a 1 year high of $53.63.
Hedge Funds Weigh In On Advantage Solutions
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CastleKnight Management LP boosted its position in Advantage Solutions by 18.1% in the 4th quarter. CastleKnight Management LP now owns 11,794,950 shares of the company's stock valued at $10,380,000 after buying an additional 1,806,891 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Advantage Solutions by 37.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,761,016 shares of the company's stock valued at $3,310,000 after buying an additional 1,024,633 shares during the period. Geode Capital Management LLC boosted its position in Advantage Solutions by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 2,763,633 shares of the company's stock valued at $2,432,000 after buying an additional 21,509 shares during the period. Vanguard Group Inc. boosted its position in Advantage Solutions by 40.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,675,768 shares of the company's stock valued at $4,094,000 after buying an additional 773,560 shares during the period. Finally, State Street Corp boosted its position in Advantage Solutions by 4.2% in the 4th quarter. State Street Corp now owns 2,180,442 shares of the company's stock valued at $1,919,000 after buying an additional 88,129 shares during the period. Hedge funds and other institutional investors own 49.82% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on ADV shares. Morgan Stanley set a $18.75 price objective on shares of Advantage Solutions in a research report on Tuesday, March 3rd. Canaccord Genuity Group increased their price objective on shares of Advantage Solutions from $37.50 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, May 7th. Wall Street Zen cut shares of Advantage Solutions from a "strong-buy" rating to a "hold" rating in a research report on Saturday, March 7th. Zacks Research raised shares of Advantage Solutions from a "strong sell" rating to a "hold" rating in a research report 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 analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $34.38.
Check Out Our Latest Research Report on Advantage Solutions
Advantage Solutions Company Profile
(
Get Free Report)
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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