Advantage Solutions Inc. (NASDAQ:ADV) Director James M. Kilts Buys 23,314 Shares

Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report) Director James M. Kilts bought 23,314 shares of Advantage Solutions stock in a transaction on Tuesday, June 3rd. The shares were bought at an average price of $1.24 per share, for a total transaction of $28,909.36. Following the acquisition, the director now owns 1,342,531 shares of the company's stock, valued at approximately $1,664,738.44. The trade was a 1.77% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Advantage Solutions Stock Up 6.6%

ADV stock traded up $0.08 during mid-day trading on Friday, hitting $1.30. 431,134 shares of the company were exchanged, compared to its average volume of 651,429. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market cap of $421.61 million, a P/E ratio of -3.17 and a beta of 2.02. The firm's 50 day simple moving average is $1.26 and its 200 day simple moving average is $2.16. Advantage Solutions Inc. has a 1-year low of $1.04 and a 1-year high of $4.16.

Institutional Trading of Advantage Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in ADV. Cornerstone Wealth Management LLC acquired a new stake in shares of Advantage Solutions in the first quarter valued at approximately $25,000. CIBC Asset Management Inc acquired a new stake in shares of Advantage Solutions in the fourth quarter valued at approximately $30,000. Humankind Investments LLC acquired a new stake in shares of Advantage Solutions in the fourth quarter valued at approximately $31,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Advantage Solutions in the fourth quarter valued at approximately $33,000. Finally, Forum Financial Management LP bought a new position in shares of Advantage Solutions in the fourth quarter valued at $34,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on ADV shares. Morgan Stanley set a $2.00 target price on shares of Advantage Solutions in a report on Wednesday, May 14th. 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.

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.