Advantage Solutions (NASDAQ:ADV) Trading 6% Higher – What’s Next?

Advantage Solutions Inc. (NASDAQ:ADV)’s share price shot up 6% during mid-day trading on Thursday . The stock traded as high as $1.67 and last traded at $1.68. 56,394 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 710,749 shares. The stock had previously closed at $1.58.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lowered their price target on shares of Advantage Solutions from $5.50 to $3.50 and set a “buy” rating for the company in a report on Tuesday, March 11th.

Advantage Solutions Trading Down 6.3 %

The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $478.90 million, a PE ratio of -3.63 and a beta of 1.66. The stock’s fifty day moving average price is $2.31 and its two-hundred day moving average price is $2.92.

Hedge Funds Weigh In On Advantage Solutions

Several hedge funds have recently made changes to their positions in ADV. CIBC Asset Management Inc purchased a new position in shares of Advantage Solutions during the fourth quarter valued at about $30,000. Humankind Investments LLC purchased a new position in shares of Advantage Solutions during the 4th quarter worth approximately $31,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Advantage Solutions in the 4th quarter worth approximately $33,000. Forum Financial Management LP bought a new position in shares of Advantage Solutions in the 4th quarter worth approximately $34,000. Finally, BNP Paribas Financial Markets purchased a new position in shares of Advantage Solutions in the 4th quarter valued at approximately $39,000. 49.82% of the stock is owned by hedge funds and other institutional investors.

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.