Advantage Solutions Inc. (NASDAQ:ADV) Director Acquires $23,052.25 in Stock

Advantage Solutions Inc. (NASDAQ:ADV – Get Rating) Director James M. Kilts bought 13,325 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was bought at an average price of $1.73 per share, with a total value of $23,052.25. Following the completion of the purchase, the director now directly owns 476,621 shares in the company, valued at $824,554.33. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Advantage Solutions Stock Performance

NASDAQ ADV remained flat at $1.91 on Friday. 483,729 shares of the company’s stock traded hands, compared to its average volume of 488,885. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 1.70. Advantage Solutions Inc. has a twelve month low of $1.13 and a twelve month high of $4.64. The stock’s fifty day moving average price is $1.51 and its 200-day moving average price is $2.06.

Advantage Solutions (NASDAQ:ADV – Get Rating) last announced its quarterly earnings data on Wednesday, March 1st. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.15 by $0.34. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Advantage Solutions had a negative net margin of 34.90% and a positive return on equity of 10.02%. As a group, analysts predict that Advantage Solutions Inc. will post -0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lifted their price objective on shares of Advantage Solutions from $2.60 to $2.90 and gave the company a “neutral” rating in a research note on Friday, March 3rd.

Hedge Funds Weigh In On Advantage Solutions

Several institutional investors have recently made changes to their positions in the company. Teacher Retirement System of Texas purchased a new stake in Advantage Solutions in the 3rd quarter worth $25,000. State of Wyoming purchased a new stake in Advantage Solutions in the 4th quarter worth $25,000. Pinnacle Wealth Planning Services Inc. purchased a new stake in Advantage Solutions in the 3rd quarter worth $27,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Advantage Solutions in the 3rd quarter worth $28,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Advantage Solutions in the 1st quarter worth $29,000. 26.14% of the stock is owned by hedge funds and other institutional investors.

Advantage Solutions Company Profile

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Advantage Solutions Inc provides outsourced solutions to consumer goods companies 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; administration; and brand-centric merchandising services.