Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report) traded down 8.2% during mid-day trading on Thursday . The company traded as low as $1.62 and last traded at $1.63. 318,944 shares changed hands during trading, a decline of 48% from the average session volume of 610,865 shares. The stock had previously closed at $1.77.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on ADV. 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 shares of Advantage Solutions from $3.50 to $2.50 and set a "buy" rating for the company in a research report on Tuesday, May 13th.
View Our Latest Stock Analysis on Advantage Solutions
Advantage Solutions Trading Down 15.3%
The firm has a market capitalization of $486.47 million, a P/E ratio of -1.29 and a beta of 2.04. 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 firm's 50-day simple moving average is $1.41 and its 200-day simple moving average is $1.77.
Insider Transactions at Advantage Solutions
In related news, Director James M. Kilts bought 23,314 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was acquired at an average cost of $1.24 per share, for a total transaction of $28,909.36. Following the completion of the transaction, the director directly owned 1,342,531 shares in the company, valued at $1,664,738.44. This trade represents a 1.77% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have purchased 176,631 shares of company stock worth $217,016 in the last three months. Insiders own 6.20% of the company's stock.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its stake in shares of Advantage Solutions by 11.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,684,721 shares of the company's stock worth $13,679,000 after acquiring an additional 479,348 shares in the last quarter. CastleKnight Management LP increased its stake in shares of Advantage Solutions by 61.7% in the fourth quarter. CastleKnight Management LP now owns 3,924,922 shares of the company's stock worth $11,461,000 after buying an additional 1,496,994 shares during the period. Bridgeway Capital Management LLC increased its stake in shares of Advantage Solutions by 1.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 3,150,863 shares of the company's stock worth $9,201,000 after buying an additional 53,105 shares during the period. Empowered Funds LLC increased its stake in shares of Advantage Solutions by 4.0% in the first quarter. Empowered Funds LLC now owns 1,769,040 shares of the company's stock worth $2,671,000 after buying an additional 68,177 shares during the period. Finally, Contrarian Capital Management L.L.C. increased its stake in shares of Advantage Solutions by 13.5% in 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 during the period. 49.82% of the stock is owned by hedge funds and other institutional investors.
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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