Shares of Advantage Solutions Inc. (NASDAQ:ADV – Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $1.69, but opened at $1.80. Advantage Solutions shares last traded at $1.97, with a volume of 136,490 shares changing hands.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group lowered their price target on Advantage Solutions from $5.50 to $3.50 and set a “buy” rating for the company in a research report on Tuesday.
Get Our Latest Research Report on ADV
Advantage Solutions Stock Performance
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the stock. CIBC Asset Management Inc acquired a new position in shares of Advantage Solutions during the fourth quarter worth about $30,000. Humankind Investments LLC acquired a new position in shares of Advantage Solutions during the fourth quarter worth about $31,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Advantage Solutions during the fourth quarter worth about $33,000. Forum Financial Management LP acquired a new position in shares of Advantage Solutions in the fourth quarter worth about $34,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of Advantage Solutions in the fourth quarter worth about $39,000. Institutional investors and hedge funds 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.
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