Advantage Solutions (NASDAQ:ADV) Shares Up 5.8% – Still a Buy?

Shares of Advantage Solutions Inc. (NASDAQ:ADV) shot up 5.8% during trading on Monday . The stock traded as high as $2.79 and last traded at $2.81. 112,245 shares were traded during trading, a decline of 75% from the average session volume of 440,184 shares. The stock had previously closed at $2.65.

Advantage Solutions Stock Performance

The business’s 50 day moving average is $3.05 and its two-hundred day moving average is $3.36. The company has a market cap of $878.86 million, a PE ratio of -6.68 and a beta of 1.55. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.81.

Advantage Solutions (NASDAQ:ADV) last released its earnings results on Thursday, November 7th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.23). The company had revenue of $939.27 million during the quarter, compared to analysts’ expectations of $935.21 million. Advantage Solutions had a negative return on equity of 7.58% and a negative net margin of 3.32%. During the same period last year, the firm posted ($0.07) EPS. On average, equities research analysts anticipate that Advantage Solutions Inc. will post -0.51 EPS for the current year.

Insiders Place Their Bets

In other Advantage Solutions news, CEO David A. Peacock bought 16,633 shares of Advantage Solutions stock in a transaction dated Monday, November 11th. The shares were purchased at an average cost of $3.30 per share, for a total transaction of $54,888.90. Following the acquisition, the chief executive officer now directly owns 2,352,029 shares in the company, valued at approximately $7,761,695.70. This represents a 0.71 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 6.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. a16z Perennial Management L.P. bought a new position in Advantage Solutions during the 4th quarter valued at about $55,000. Empowered Funds LLC increased its position in Advantage Solutions by 5.1% during the 4th quarter. Empowered Funds LLC now owns 1,700,863 shares of the company’s stock valued at $4,967,000 after purchasing an additional 83,105 shares during the period. Inspire Investing LLC raised its holdings in shares of Advantage Solutions by 12.6% in the 4th quarter. Inspire Investing LLC now owns 138,031 shares of the company’s stock valued at $403,000 after purchasing an additional 15,406 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Advantage Solutions by 22.5% in the 4th quarter. SG Americas Securities LLC now owns 48,178 shares of the company’s stock worth $141,000 after purchasing an additional 8,849 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Advantage Solutions by 116.8% during the third quarter. JPMorgan Chase & Co. now owns 323,374 shares of the company’s stock valued at $1,109,000 after buying an additional 174,220 shares during the period. Institutional investors own 49.82% of the company’s stock.

Advantage Solutions Company Profile

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.