Advantage Solutions Inc. (NASDAQ:ADV) Director James M. Kilts Buys 23,314 Shares

Advantage Solutions Inc. (NASDAQ:ADV) Director James M. Kilts acquired 23,314 shares of Advantage Solutions stock in a transaction dated Tuesday, June 3rd. The shares were purchased at an average price of $1.24 per share, for a total transaction of $28,909.36. Following the completion of the transaction, the director now directly owns 1,342,531 shares in the company, valued at approximately $1,664,738.44. The trade was a 1.77% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Advantage Solutions Stock Performance

Shares of NASDAQ:ADV opened at $1.25 on Thursday. The company has a 50-day moving average price of $1.27 and a 200-day moving average price of $2.20. The company has a market cap of $405.39 million, a price-to-earnings ratio of -3.05 and a beta of 2.02. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.81. Advantage Solutions Inc. has a 12 month low of $1.04 and a 12 month high of $4.16.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Advantage Solutions

Large investors have recently added to or reduced their stakes in the stock. Cornerstone Wealth Management LLC bought a new stake in shares of Advantage Solutions during the 1st quarter valued at about $25,000. CIBC Asset Management Inc purchased a new stake in Advantage Solutions in the fourth quarter worth about $30,000. Humankind Investments LLC bought a new stake in Advantage Solutions during the 4th quarter valued at approximately $31,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Advantage Solutions during the 4th quarter worth approximately $33,000. Finally, Forum Financial Management LP bought a new position in shares of Advantage Solutions in the 4th quarter worth approximately $34,000. 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.