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

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

Advantage Solutions Stock Down 6.5%

Shares of NASDAQ:ADV traded down $0.10 on Friday, hitting $1.44. 694,937 shares of the company traded hands, compared to its average volume of 651,539. Advantage Solutions Inc. has a 52 week low of $1.04 and a 52 week high of $4.16. The stock has a 50 day simple moving average of $1.27 and a 200-day simple moving average of $2.12. 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 market cap of $467.01 million, a PE ratio of -3.51 and a beta of 2.02.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ADV shares. Canaccord Genuity Group reduced their price target 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. Morgan Stanley set a $2.00 price target on Advantage Solutions in a research note on Wednesday, May 14th.

Institutional Investors Weigh In On Advantage Solutions

Large investors have recently made changes to their positions in the company. Cornerstone Wealth Management LLC purchased a new position in Advantage Solutions in the 1st quarter worth approximately $25,000. CIBC Asset Management Inc bought a new position in shares of Advantage Solutions during the 4th quarter valued at approximately $30,000. Humankind Investments LLC bought a new position in shares of Advantage Solutions during the 4th quarter valued at approximately $31,000. Dynamic Technology Lab Private Ltd bought a new position in Advantage Solutions in the 4th quarter valued at $33,000. Finally, Forum Financial Management LP bought a new position in Advantage Solutions in the 4th quarter valued at $34,000. 49.82% of the stock is currently owned by institutional investors.

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.