Insider Buying: Advantage Solutions Inc. (NASDAQ:ADV) Director Buys $24,141.21 in Stock

Advantage Solutions Inc. (NASDAQ:ADV) Director James M. Kilts bought 19,627 shares of the stock in a transaction dated Friday, May 30th. The shares were purchased at an average price of $1.23 per share, with a total value of $24,141.21. Following the completion of the transaction, the director now directly owns 1,302,726 shares in the company, valued at approximately $1,602,352.98. The trade was a 1.53% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Advantage Solutions Stock Performance

NASDAQ:ADV opened at $1.25 on Thursday. The stock’s fifty day moving average is $1.27 and its 200 day moving average is $2.20. Advantage Solutions Inc. has a fifty-two week low of $1.04 and a fifty-two week high of $4.16. The firm has a market capitalization of $405.39 million, a PE ratio of -3.05 and a beta of 2.02. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.90 and a current ratio of 1.90.

Wall Street Analyst Weigh In

ADV has been the subject of a number of research reports. Canaccord Genuity Group lowered their target price on Advantage Solutions from $3.50 to $2.50 and set a “buy” rating for the company in a research report on Tuesday, May 13th. Morgan Stanley set a $2.00 target price on Advantage Solutions in a research report on Wednesday, May 14th.

Institutional Trading of Advantage Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cornerstone Wealth Management LLC purchased a new stake in Advantage Solutions in the first quarter worth $25,000. CIBC Asset Management Inc purchased a new stake in Advantage Solutions in the fourth quarter worth $30,000. Humankind Investments LLC purchased a new position in shares of Advantage Solutions during the fourth quarter valued at $31,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Advantage Solutions during the fourth quarter valued at $33,000. Finally, Forum Financial Management LP purchased a new position in shares of Advantage Solutions during the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 49.82% of the company’s stock.

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.