Advantage Solutions Inc. (NASDAQ:ADV) Director Buys $12,513.00 in Stock

Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report) Director James M. Kilts acquired 9,700 shares of the stock in a transaction on Friday, June 6th. The shares were bought at an average price of $1.29 per share, with a total value of $12,513.00. Following the purchase, the director now directly owns 1,373,480 shares of the company's stock, valued at $1,771,789.20. The trade was a 0.71% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Advantage Solutions Stock Performance

Shares of Advantage Solutions stock traded down $0.06 during trading hours on Friday, reaching $1.49. 217,251 shares of the stock traded hands, compared to its average volume of 568,624. Advantage Solutions Inc. has a one year low of $1.04 and a one year high of $4.16. The firm has a market capitalization of $481.60 million, a price-to-earnings ratio of -3.62 and a beta of 2.02. 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 50 day moving average price of $1.27 and a 200 day moving average price of $2.12.

Institutional Trading of Advantage Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cornerstone Wealth Management LLC bought a new stake in shares of Advantage Solutions during the 1st quarter valued at $25,000. CIBC Asset Management Inc purchased a new stake in Advantage Solutions in the fourth quarter worth about $30,000. Humankind Investments LLC bought a new position in shares of Advantage Solutions in the fourth quarter worth about $31,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Advantage Solutions during the 4th quarter valued at about $33,000. Finally, Forum Financial Management LP purchased a new stake in Advantage Solutions in the 4th quarter worth approximately $34,000. 49.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Morgan Stanley set a $2.00 target price on Advantage Solutions in a research note on Wednesday, May 14th. Canaccord Genuity Group lowered their price objective on shares of Advantage Solutions from $3.50 to $2.50 and set a "buy" rating on the stock in a research report on Tuesday, May 13th.

About Advantage Solutions

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.