James M. Kilts Buys 15,755 Shares of Advantage Solutions Inc. (NASDAQ:ADV) Stock

Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report) Director James M. Kilts purchased 15,755 shares of Advantage Solutions stock in a transaction dated Thursday, June 5th. The shares were bought at an average cost of $1.24 per share, for a total transaction of $19,536.20. Following the transaction, the director now directly owns 1,363,780 shares of the company's stock, valued at approximately $1,691,087.20. The trade was a 1.17% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Advantage Solutions Stock Performance

NASDAQ ADV traded up $0.13 during trading hours on Monday, reaching $1.43. The company's stock had a trading volume of 606,325 shares, compared to its average volume of 651,249. 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 has a 50-day simple moving average of $1.26 and a 200 day simple moving average of $2.14. Advantage Solutions Inc. has a 52 week low of $1.04 and a 52 week high of $4.16. The stock has a market cap of $463.77 million, a PE ratio of -3.49 and a beta of 2.02.

Institutional Investors Weigh In On Advantage Solutions

Several large investors have recently made changes to their positions in ADV. Cornerstone Wealth Management LLC bought a new stake in Advantage Solutions during the first quarter worth approximately $25,000. CIBC Asset Management Inc bought a new stake in Advantage Solutions during the fourth quarter worth approximately $30,000. Humankind Investments LLC bought a new stake in Advantage Solutions during the fourth quarter worth approximately $31,000. Dynamic Technology Lab Private Ltd bought a new stake in Advantage Solutions during the fourth quarter worth approximately $33,000. Finally, Forum Financial Management LP bought a new stake in Advantage Solutions during the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 49.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports 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 cut 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.

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.