Advantage Solutions (NASDAQ:ADV) Trading Down 3.9% - Here's What Happened

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

Analyst Upgrades and Downgrades

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

Advantage Solutions Trading Down 6.5%

The stock has a market capitalization of $467.01 million, a P/E ratio of -3.51 and a beta of 2.02. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.81. The business's fifty day simple moving average is $1.28 and its two-hundred day simple moving average is $2.09.

Insider Buying and Selling at Advantage Solutions

In other news, Director James M. Kilts bought 26,523 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was acquired at an average price of $1.21 per share, for a total transaction of $32,092.83. Following the transaction, the director now directly owns 1,120,567 shares of the company's stock, valued at $1,355,886.07. This trade represents a 2.42% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have acquired 176,631 shares of company stock valued at $217,016 in the last 90 days. 6.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Advantage Solutions

Institutional investors have recently bought and sold shares of the business. Millennium Management LLC increased its stake in shares of Advantage Solutions by 193.5% in the fourth quarter. Millennium Management LLC now owns 600,149 shares of the company's stock valued at $1,752,000 after buying an additional 395,651 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Advantage Solutions by 6.5% in the 4th quarter. Rhumbline Advisers now owns 162,734 shares of the company's stock valued at $475,000 after purchasing an additional 9,980 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Advantage Solutions by 11.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,684,721 shares of the company's stock worth $13,679,000 after buying an additional 479,348 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Advantage Solutions by 18.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 230,293 shares of the company's stock valued at $672,000 after buying an additional 35,352 shares during the period. Finally, Deutsche Bank AG raised its position in shares of Advantage Solutions by 44.8% during the 4th quarter. Deutsche Bank AG now owns 110,984 shares of the company's stock valued at $324,000 after acquiring an additional 34,362 shares during the last quarter. Institutional investors own 49.82% of the company's stock.

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.