Advantage Solutions (NASDAQ:ADV) Stock Price Down 3.9% – Time to Sell?

Advantage Solutions Inc. (NASDAQ:ADV)’s stock price traded down 3.9% on Thursday . The stock traded as low as $1.58 and last traded at $1.59. 102,719 shares were traded during trading, a decline of 84% from the average session volume of 653,416 shares. The stock had previously closed at $1.65.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Canaccord Genuity Group reduced 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. Morgan Stanley set a $2.00 target price on shares of Advantage Solutions in a research note on Wednesday, May 14th.

Advantage Solutions Stock Down 6.5%

The firm has a market capitalization of $467.01 million, a P/E ratio of -3.51 and a beta of 2.02. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.90 and a quick ratio of 1.90. The firm’s fifty day moving average price is $1.28 and its 200-day moving average price is $2.10.

Insider Activity at Advantage Solutions

In other news, Director James M. Kilts bought 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, for a total transaction of $28,909.36. Following the purchase, the director now owns 1,342,531 shares of the company’s stock, valued at $1,664,738.44. This represents a 1.77% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have acquired 176,631 shares of company stock valued at $217,016. Company insiders own 6.20% of the company’s stock.

Institutional Trading of Advantage Solutions

Several institutional investors have recently made changes to their positions in ADV. Millennium Management LLC raised its stake in shares of Advantage Solutions by 193.5% in the fourth quarter. Millennium Management LLC now owns 600,149 shares of the company’s stock worth $1,752,000 after acquiring an additional 395,651 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Advantage Solutions by 6.5% in the fourth quarter. Rhumbline Advisers now owns 162,734 shares of the company’s stock worth $475,000 after acquiring an additional 9,980 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Advantage Solutions by 11.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,684,721 shares of the company’s stock worth $13,679,000 after acquiring an additional 479,348 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Advantage Solutions by 44.8% in the fourth quarter. Deutsche Bank AG now owns 110,984 shares of the company’s stock worth $324,000 after acquiring an additional 34,362 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Advantage Solutions in the fourth quarter worth about $48,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

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.