Advantage Solutions Inc. (NASDAQ: ADV) stock jumped 1.21% on Friday to $2.50 against a previous-day closing price of $2.47. With 0.63 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.46 million shares. During the session, the Advertising Agencies company that operates in wider Communication Services sector, reached to the highest price of $2.5900 whereas the lowest price it dropped to was $2.4800. The 52-week range on ADV shows that it touched its highest point at $3.09 and its lowest point at $1.13 during that stretch. It currently has a 1-year price target of $3.50. Beta for the stock currently stands at 1.57.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ADV was up-trending over the past week, with a rise of 26.26%, but this was up by 2.04% over a month. Three-month performance dropped to -6.37% while six-month performance rose 37.36%. The stock lost -3.10% in the past year, while it has gained 20.19% so far this year. A look at the trailing 12-month EPS for ADV yields -4.70 with Next year EPS estimates of 0.49. For the next quarter, that number is 0.13. This implies an EPS growth rate of -31.75% for this year and 13.95% for next year.
Float and Shares Shorts:
At present, 319.69 million ADV shares are outstanding with a float of 103.05 million shares on hand for trading. On Oct 30, 2023, short shares totaled 4.89 million, which was 1.50% higher than short shares on Sep 28, 2023. In addition to Mr. David A. Peacock as the firm’s CEO & Director, Mr. Christopher Robert Growe serves as its Chief Financial Officer.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ADV since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ADV analysts setting a high price target of $4.00 and a low target of $3.00, the average target price over the next 12 months is $3.50. Based on these targets, ADV could surge 60.0% to reach the target high and rise by 20.0% to reach the target low. Reaching the average price target will result in a growth of 40.0% from current levels.
Summary of Insider Activity:
Insiders traded ADV stock several times over the past three months with 9 Buys and 1 Sells. In these transactions, 87,031 shares were bought while 15,967,720 shares were sold. The number of buy transactions has increased to 39 while that of sell transactions has risen to 7 over the past year. The total number of shares bought during that period was 3,293,465 while 16,134,518 shares were sold.
