Advantage Solutions Inc. (NASDAQ:ADV) Director Purchases $28,909.36 in Stock

Advantage Solutions Inc. (NASDAQ:ADV) Director James M. Kilts purchased 23,314 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were acquired at an average cost of $1.24 per share, with a total value of $28,909.36. Following the completion of the transaction, the director now owns 1,342,531 shares in the company, valued at $1,664,738.44. This trade represents a 1.77% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Advantage Solutions Stock Down 7.4%

Shares of Advantage Solutions stock opened at $1.25 on Thursday. The company has a 50-day simple moving average of $1.27 and a two-hundred day simple moving average of $2.20. The stock has a market capitalization of $405.39 million, a PE ratio of -3.05 and a beta of 2.02. Advantage Solutions Inc. has a 52-week low of $1.04 and a 52-week high of $4.16. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.90 and a current ratio of 1.90.

Hedge Funds Weigh In On Advantage Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cornerstone Wealth Management LLC purchased a new stake in shares of Advantage Solutions during the first quarter valued at $25,000. CIBC Asset Management Inc purchased a new position in Advantage Solutions in the 4th quarter worth about $30,000. Humankind Investments LLC bought a new position in Advantage Solutions during the 4th quarter valued at about $31,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Advantage Solutions during the 4th quarter valued at about $33,000. Finally, Forum Financial Management LP purchased a new stake in shares of Advantage Solutions during the 4th quarter valued at about $34,000. 49.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently 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 Advantage Solutions from $3.50 to $2.50 and set a “buy” rating on the stock in a research note 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.