Canaccord Genuity Group Boosts Advantage Solutions (NASDAQ:ADV) Price Target to $50.00

Advantage Solutions (NASDAQ:ADV) had its price objective boosted by equities researchers at Canaccord Genuity Group from $37.50 to $50.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 11.88% from the company’s current price.

A number of other analysts also recently weighed in on ADV. Wall Street Zen downgraded shares of Advantage Solutions from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Advantage Solutions in a research report on Wednesday, January 21st. Zacks Research upgraded Advantage Solutions from a “strong sell” rating to a “hold” rating in a research note on Monday. Finally, Morgan Stanley set a $18.75 target price on Advantage Solutions in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $34.38.

Advantage Solutions Price Performance

Advantage Solutions stock traded up $1.13 during trading hours on Thursday, reaching $44.69. 20,051 shares of the stock were exchanged, compared to its average volume of 53,500. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 3.00. Advantage Solutions has a twelve month low of $12.23 and a twelve month high of $53.63. The company has a market cap of $585.45 million, a P/E ratio of -2.59 and a beta of 2.21. The stock has a 50 day moving average of $23.66 and a two-hundred day moving average of $23.91.

Institutional Investors Weigh In On Advantage Solutions

Hedge funds have recently made changes to their positions in the stock. Stoic Point Capital Management LLC bought a new stake in shares of Advantage Solutions during the 4th quarter valued at approximately $1,375,000. Inspire Investing LLC lifted its stake in Advantage Solutions by 87.3% in the 4th quarter. Inspire Investing LLC now owns 554,271 shares of the company’s stock valued at $488,000 after purchasing an additional 258,379 shares during the last quarter. CastleKnight Management LP lifted its stake in Advantage Solutions by 18.1% in the 4th quarter. CastleKnight Management LP now owns 11,794,950 shares of the company’s stock valued at $10,380,000 after purchasing an additional 1,806,891 shares during the last quarter. Graham Capital Management L.P. boosted its position in Advantage Solutions by 285.1% in the fourth quarter. Graham Capital Management L.P. now owns 88,862 shares of the company’s stock valued at $78,000 after buying an additional 65,785 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its position in Advantage Solutions by 760.9% in the fourth quarter. Squarepoint Ops LLC now owns 175,542 shares of the company’s stock valued at $154,000 after buying an additional 155,151 shares in the last quarter. 49.82% of the stock is currently owned by institutional investors and hedge funds.

About Advantage Solutions

Advantage Solutions is a leading sales and marketing agency that provides outsourced solutions to consumer packaged goods companies. The firm’s offerings include field sales execution, retail merchandising, in-store and shopper marketing, e-commerce activation and data-driven analytics. By deploying dedicated sales teams alongside proprietary technology, Advantage Solutions helps brands optimize shelf placement, ensure compliance with promotional programs and strengthen consumer engagement.

The company’s service portfolio spans field sales and marketing, retail execution, brand ambassador programs, digital and experiential promotions, and shopper insights.