Insider Buying: Advantage Solutions Inc. (NASDAQ:ADV) Director Acquires 23,314 Shares of Stock

Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report) Director James M. Kilts acquired 23,314 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was purchased at an average cost of $1.24 per share, for a total transaction of $28,909.36. Following the completion of the purchase, the director now directly owns 1,342,531 shares of the company's stock, valued at $1,664,738.44. The trade was a 1.77% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Advantage Solutions Stock Performance

Advantage Solutions stock traded up $0.08 during midday trading on Friday, reaching $1.30. The stock had a trading volume of 261,706 shares, compared to its average volume of 653,786. The firm has a market capitalization of $419.98 million, a PE ratio of -3.16 and a beta of 2.02. Advantage Solutions Inc. has a 12 month low of $1.04 and a 12 month high of $4.16. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.81. The firm's 50-day moving average price is $1.26 and its 200 day moving average price is $2.19.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ADV. Cornerstone Wealth Management LLC purchased a new position in Advantage Solutions during the 1st quarter valued at about $25,000. CIBC Asset Management Inc bought a new stake in shares of Advantage Solutions in the 4th quarter valued at about $30,000. Humankind Investments LLC bought a new position in shares of Advantage Solutions in the fourth quarter worth approximately $31,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Advantage Solutions during the fourth quarter valued at about $33,000. Finally, Forum Financial Management LP bought a new stake in shares of Advantage Solutions in the 4th quarter worth approximately $34,000. 49.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Canaccord Genuity Group cut their price objective on shares of 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 price target on shares of Advantage Solutions in a research report on Wednesday, May 14th.

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.