Advantage Solutions (NASDAQ:ADV) Stock Price Up 11.9% – Still a Buy?

Advantage Solutions Inc. (NASDAQ:ADV) shares were up 11.9% during trading on Wednesday . The company traded as high as $1.74 and last traded at $1.74. Approximately 169,020 shares were traded during trading, a decline of 76% from the average daily volume of 706,062 shares. The stock had previously closed at $1.55.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group decreased their target price on Advantage Solutions from $5.50 to $3.50 and set a “buy” rating on the stock in a research report on Tuesday, March 11th.

Advantage Solutions Price Performance

The company has a debt-to-equity ratio of 1.81, a current ratio of 1.90 and a quick ratio of 1.90. The company has a 50-day moving average price of $2.44 and a 200-day moving average price of $3.03. The firm has a market capitalization of $564.07 million, a PE ratio of -4.28 and a beta of 1.66.

Institutional Trading of Advantage Solutions

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in shares of Advantage Solutions by 11.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,684,721 shares of the company’s stock valued at $13,679,000 after acquiring an additional 479,348 shares in the last quarter. CastleKnight Management LP lifted its position in shares of Advantage Solutions by 61.7% in the fourth quarter. CastleKnight Management LP now owns 3,924,922 shares of the company’s stock valued at $11,461,000 after acquiring an additional 1,496,994 shares in the last quarter. Bridgeway Capital Management LLC increased its stake in Advantage Solutions by 1.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 3,150,863 shares of the company’s stock valued at $9,201,000 after purchasing an additional 53,105 shares during the last quarter. Empowered Funds LLC increased its stake in Advantage Solutions by 5.1% in the fourth 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 last quarter. Finally, Sovereign s Capital Management LLC acquired a new position in Advantage Solutions in the fourth quarter valued at $2,599,000. 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.