Advantage Solutions (NASDAQ:ADV) Shares Up 3.9%

Advantage Solutions Inc. (NASDAQ:ADV) traded up 3.9% during trading on Wednesday . The company traded as high as $3.19 and last traded at $3.17. 207,203 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 835,670 shares. The stock had previously closed at $3.05.

Wall Street Analysts Forecast Growth

Separately, TheStreet raised shares of Advantage Solutions from a “d” rating to a “c-” rating in a research report on Thursday, February 29th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $3.43.

Advantage Solutions Stock Performance

The stock’s 50 day moving average is $3.61 and its two-hundred day moving average is $3.82. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.95 and a current ratio of 1.95.

Advantage Solutions (NASDAQ:ADV) last released its earnings results on Thursday, May 9th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.24). Advantage Solutions had a negative return on equity of 5.26% and a negative net margin of 0.36%. The firm had revenue of $879.00 million for the quarter, compared to analysts’ expectations of $893.04 million. During the same quarter in the previous year, the company posted ($0.15) earnings per share. Analysts anticipate that Advantage Solutions Inc. will post 0.41 EPS for the current year.

Insider Buying and Selling

In related news, CEO David A. Peacock purchased 40,000 shares of the company’s stock in a transaction on Friday, June 21st. The shares were bought at an average cost of $2.79 per share, for a total transaction of $111,600.00. Following the completion of the purchase, the chief executive officer now directly owns 2,320,396 shares of the company’s stock, valued at approximately $6,473,904.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.20% of the company’s stock.

Hedge Funds Weigh In On Advantage Solutions

Hedge funds have recently added to or reduced their stakes in the stock. Atairos Partners GP Inc. increased its holdings in shares of Advantage Solutions by 114.7% in the 4th quarter. Atairos Partners GP Inc. now owns 4,253,728 shares of the company’s stock valued at $15,398,000 after acquiring an additional 2,272,428 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Advantage Solutions by 42.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,924 shares of the company’s stock valued at $137,000 after acquiring an additional 11,209 shares during the period. Swiss National Bank acquired a new position in shares of Advantage Solutions in the 3rd quarter valued at $607,000. Kennedy Capital Management LLC acquired a new position in shares of Advantage Solutions in the 3rd quarter valued at $2,070,000. Finally, Vanguard Group Inc. increased its holdings in shares of Advantage Solutions by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 8,228,477 shares of the company’s stock valued at $23,369,000 after acquiring an additional 205,992 shares during the period. 49.82% of the stock is currently owned by hedge funds and other institutional investors.

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.