Advantage Solutions (NASDAQ:ADV) Shares Gap Up – Here’s Why

Advantage Solutions Inc. (NASDAQ:ADV)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $1.69, but opened at $1.80. Advantage Solutions shares last traded at $1.97, with a volume of 136,490 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group dropped their price target on shares of Advantage Solutions from $5.50 to $3.50 and set a “buy” rating for the company in a research note on Tuesday.

Advantage Solutions Stock Up 6.2 %

The business’s fifty day moving average is $2.53 and its two-hundred day moving average is $3.09. The company has a market cap of $575.75 million, a P/E ratio of -4.38 and a beta of 1.66. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.90 and a current ratio of 1.90.

Institutional Investors Weigh In On Advantage Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ADV. Barclays PLC raised its holdings in shares of Advantage Solutions by 318.7% in the 3rd quarter. Barclays PLC now owns 166,024 shares of the company’s stock valued at $570,000 after purchasing an additional 126,375 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Advantage Solutions by 116.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 323,374 shares of the company’s stock valued at $1,109,000 after purchasing an additional 174,220 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Advantage Solutions by 13.9% in the 3rd quarter. Empowered Funds LLC now owns 1,617,758 shares of the company’s stock valued at $5,549,000 after purchasing an additional 197,534 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Advantage Solutions by 23.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 194,941 shares of the company’s stock valued at $669,000 after purchasing an additional 36,547 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Advantage Solutions by 6.5% in the 4th quarter. Rhumbline Advisers now owns 162,734 shares of the company’s stock valued at $475,000 after purchasing an additional 9,980 shares in the last quarter. Institutional investors own 49.82% of the company’s stock.

About Advantage Solutions

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.