Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report) shot up 5.9% during mid-day trading on Tuesday . The company traded as high as $1.59 and last traded at $1.64. 26,130 shares were traded during trading, a decline of 96% from the average session volume of 646,791 shares. The stock had previously closed at $1.55.
Analysts Set New Price Targets
Several brokerages have commented on ADV. Canaccord Genuity Group dropped their target price on shares of Advantage Solutions from $3.50 to $2.50 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Morgan Stanley set a $2.00 price objective on shares of Advantage Solutions in a research report on Wednesday, May 14th.
Read Our Latest Stock Report on ADV
Advantage Solutions Trading Up 1.0%
The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 2.39. The company has a market capitalization of $514.36 million, a P/E ratio of -1.37 and a beta of 2.02. The business has a fifty day moving average price of $1.29 and a 200 day moving average price of $2.07.
Insider Buying and Selling at Advantage Solutions
In other Advantage Solutions news, Director James M. Kilts purchased 23,314 shares of the stock in a transaction on Tuesday, June 3rd. The shares were purchased at an average cost of $1.24 per share, for a total transaction of $28,909.36. Following the purchase, the director now owns 1,342,531 shares of the company's stock, valued at approximately $1,664,738.44. This represents a 1.77% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders have bought 176,631 shares of company stock worth $217,016. Corporate insiders own 6.20% of the company's stock.
Institutional Trading of Advantage Solutions
Several institutional investors and hedge funds have recently bought and sold shares of ADV. CIBC Asset Management Inc acquired a new stake in Advantage Solutions in the fourth quarter valued at $30,000. Humankind Investments LLC bought a new stake in shares of Advantage Solutions in the 4th quarter valued at about $31,000. Dynamic Technology Lab Private Ltd acquired a new stake in Advantage Solutions in the 4th quarter valued at about $33,000. Forum Financial Management LP acquired a new stake in Advantage Solutions in the 4th quarter valued at about $34,000. Finally, BNP Paribas Financial Markets bought a new position in Advantage Solutions during the fourth quarter worth about $39,000. Institutional investors own 49.82% of the company's stock.
About Advantage Solutions
(
Get Free Report)
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.
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