Advantage Solutions Inc. (NASDAQ:ADV) Director James M. Kilts Acquires 56,089 Shares

Advantage Solutions Inc. (NASDAQ:ADV – Get Rating) Director James M. Kilts purchased 56,089 shares of the business’s stock in a transaction on Thursday, May 18th. The stock was acquired at an average cost of $1.87 per share, with a total value of $104,886.43. Following the completion of the acquisition, the director now directly owns 289,979 shares in the company, valued at approximately $542,260.73. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Advantage Solutions Stock Up 4.4 %

Shares of Advantage Solutions stock opened at $1.90 on Tuesday. The stock has a market capitalization of $615.90 million, a P/E ratio of -0.42 and a beta of 1.43. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 1.70. The stock has a 50 day moving average price of $1.51 and a two-hundred day moving average price of $2.07. Advantage Solutions Inc. has a 12-month low of $1.13 and a 12-month high of $4.64.

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

Institutional Investors Weigh In On Advantage Solutions

Hedge funds have recently modified their holdings of the business. Quantbot Technologies LP bought a new stake in shares of Advantage Solutions in the third quarter valued at approximately $66,000. Prudential Financial Inc. boosted its position in shares of Advantage Solutions by 4.0% in the third quarter. Prudential Financial Inc. now owns 302,415 shares of the company’s stock valued at $644,000 after acquiring an additional 11,600 shares during the period. Contrarian Capital Management L.L.C. boosted its position in shares of Advantage Solutions by 105.5% in the third quarter. Contrarian Capital Management L.L.C. now owns 205,500 shares of the company’s stock valued at $438,000 after acquiring an additional 105,500 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of Advantage Solutions in the third quarter valued at approximately $32,000. Finally, MetLife Investment Management LLC boosted its position in shares of Advantage Solutions by 17.1% in the third quarter. MetLife Investment Management LLC now owns 47,508 shares of the company’s stock valued at $101,000 after acquiring an additional 6,951 shares during the period. 26.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upped their target price on Advantage Solutions from $2.60 to $2.90 and gave the company a “neutral” rating in a report on Friday, March 3rd.

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.