Advantage Solutions (NASDAQ:ADV) Trading Down 3.9% - Time to Sell?

Shares of Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report) dropped 3.9% on Thursday . The company traded as low as $1.58 and last traded at $1.59. Approximately 102,719 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 653,416 shares. The stock had previously closed at $1.65.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ADV shares. Canaccord Genuity Group dropped their price target on 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 target price on shares of Advantage Solutions in a report on Wednesday, May 14th.

Advantage Solutions Price Performance

The firm has a market cap of $499.44 million, a PE ratio of -3.76 and a beta of 2.02. The stock has a 50 day moving average price of $1.27 and a two-hundred day moving average price 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.

Insider Transactions at Advantage Solutions

In related news, Director James M. Kilts purchased 24,224 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was bought at an average cost of $1.22 per share, with a total value of $29,553.28. Following the completion of the acquisition, the director now directly owns 1,044,109 shares in the company, valued at $1,273,812.98. The trade was a 2.38% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders have acquired 176,631 shares of company stock valued at $217,016. Corporate insiders own 6.20% of the company's stock.

Institutional Investors Weigh In On Advantage Solutions

Institutional investors and hedge funds have recently modified their holdings of the stock. Inspire Investing LLC raised its position in shares of Advantage Solutions by 68.0% during the 1st quarter. Inspire Investing LLC now owns 231,825 shares of the company's stock worth $350,000 after purchasing an additional 93,794 shares during the period. Strs Ohio bought a new position in Advantage Solutions during the first quarter valued at about $117,000. Empowered Funds LLC raised its holdings in Advantage Solutions by 4.0% during the first quarter. Empowered Funds LLC now owns 1,769,040 shares of the company's stock valued at $2,671,000 after buying an additional 68,177 shares in the last quarter. Contrarian Capital Management L.L.C. grew its position in Advantage Solutions by 13.5% during the first quarter. Contrarian Capital Management L.L.C. now owns 1,451,140 shares of the company's stock worth $2,191,000 after buying an additional 173,000 shares in the last quarter. Finally, Hsbc Holdings PLC grew its position in Advantage Solutions by 15.3% during the first quarter. Hsbc Holdings PLC now owns 110,132 shares of the company's stock worth $166,000 after buying an additional 14,606 shares in the last quarter. Hedge funds and other institutional investors 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.