Advantage Solutions Inc. (NASDAQ: ADV) is 19.61% higher on its value in year-to-date trading and has touched a low of $1.13 and a high of $4.95 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ADV stock was last observed hovering at around $4.13 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $4.33, the stock is 2.01% and 7.66% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.94 million and changing 4.84% at the moment leaves the stock 36.97% off its SMA200. ADV registered 198.62% gain for a year compared to 6-month gain of 44.33%. The firm has a 50-day simple moving average (SMA 50) of $0.75 and a 200-day simple moving average (SMA200) of $10.56.
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The stock witnessed a 7.18% loss in the last 1 month and extending the period to 3 months gives it a 11.89%, and is 0.93% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.78% over the week and 4.49% over the month.
Advantage Solutions Inc. (ADV) has around 70000 employees, a market worth around $1.39B and $4.22B in sales. Fwd P/E is 7.84. Profit margin for the company is -1.50%. Distance from 52-week low is 283.19% and -12.53% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.11%).
Advantage Solutions Inc. quarterly earnings per share for the current quarter are estimated at $0.08 with sales reaching $867.51M over the same period.The EPS is expected to grow by 440.54% this year, but quarterly earnings will post -10.70% year-over-year. Quarterly sales are estimated to shrink -14.30% in year-over-year returns.
159 institutions hold shares in Advantage Solutions Inc. (ADV), with institutional investors hold 139.25% of the company’s shares. The shares outstanding are 318.64M, and float is at 17.34M with Short Float at 40.47%. Institutions hold 50.48% of the Float.
The top institutional shareholder in the company is Leonard Green & Partners, L.P. with over 15.45 million shares valued at $36.15 million. The investor’s holdings represent 4.76% of the ADV Shares outstanding. As of Jun 29, 2023, the second largest holder is T. Rowe Price Investment Management, Inc. with 11.27 million shares valued at $26.37 million to account for 3.47% of the shares outstanding. The other top investors are Baupost Group, Inc,.(The) LLC which holds 10.65 million shares representing 3.28% and valued at over $24.92 million, while Vanguard Group Inc holds 2.47% of the shares totaling 8.02 million with a market value of $18.77 million.
Advantage Solutions Inc. (ADV) Insider Activity
The most recent transaction is an insider purchase by Pestello Jack Anthony, the company’s COO, Branded Services. SEC filings show that Pestello Jack Anthony bought 10,000 shares of the company’s common stock on Mar 11 ’24 at a price of $3.87 per share for a total of $38700.0. Following the purchase, the insider now owns 0.15 million shares.
Advantage Solutions Inc. disclosed in a document filed with the SEC on Mar 06 ’24 that Growe Christopher (Chief Financial Officer) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Mar 06 ’24 and was made at $3.49 per share for $34868.0. Following the transaction, the insider now directly holds 0.11 million shares of the ADV stock.
Still, SEC filings show that on Mar 04 ’24, PEACOCK DAVID A (Chief Executive Officer) acquired 15,000 shares at an average price of $3.60 for $54026.0. The insider now directly holds 1,968,112 shares of Advantage Solutions Inc. (ADV).
