Insider Buying: Advantage Solutions Inc. (NASDAQ:ADV) Director Purchases 9,700 Shares of Stock

Advantage Solutions Inc. (NASDAQ:ADV) Director James M. Kilts acquired 9,700 shares of the stock in a transaction on Friday, June 6th. The shares were acquired at an average cost of $1.29 per share, for a total transaction of $12,513.00. Following the completion of the transaction, the director now directly owns 1,373,480 shares in the company, valued at $1,771,789.20. The trade was a 0.71% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Advantage Solutions Stock Up 12.2%

Shares of NASDAQ:ADV opened at $1.65 on Thursday. The company has a market cap of $535.11 million, a price-to-earnings ratio of -4.02 and a beta of 2.02. The firm’s 50-day simple moving average is $1.27 and its 200-day simple moving average is $2.13. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.81. Advantage Solutions Inc. has a fifty-two week low of $1.04 and a fifty-two week high of $4.16.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ADV shares. Canaccord Genuity Group lowered their price objective on shares of Advantage Solutions from $3.50 to $2.50 and set a “buy” rating on the stock in a research report on Tuesday, May 13th. Morgan Stanley set a $2.00 price objective on shares of Advantage Solutions in a research report on Wednesday, May 14th.

Institutional Trading of Advantage Solutions

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

Advantage Solutions Company Profile

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.