Advantage Solutions (NASDAQ:ADV) Shares Gap Down to $2.50

Shares of Advantage Solutions Inc. (NASDAQ:ADV) gapped down prior to trading on Tuesday . The stock had previously closed at $2.50, but opened at $2.43. Advantage Solutions shares last traded at $2.48, with a volume of 13,240 shares.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ADV. Morgan Stanley reissued an “equal weight” rating and issued a $3.00 price target on shares of Advantage Solutions in a research note on Monday, August 7th. The Goldman Sachs Group increased their price target on shares of Advantage Solutions from $2.90 to $3.30 and gave the stock a “neutral” rating in a research note on Tuesday, August 8th.

Advantage Solutions Stock Down 1.2 %

The stock’s 50 day simple moving average is $2.61 and its two-hundred day simple moving average is $2.42. The firm has a market cap of $806.19 million, a P/E ratio of -0.53 and a beta of 1.48. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.76 and a quick ratio of 1.76.

Insider Buying and Selling at Advantage Solutions

In other Advantage Solutions news, Director James M. Kilts bought 35,976 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was acquired at an average price of $2.00 per share, with a total value of $71,952.00. Following the completion of the purchase, the director now owns 641,417 shares of the company’s stock, valued at $1,282,834. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Christopher Growe purchased 25,000 shares of Advantage Solutions stock in a transaction that occurred on Thursday, November 9th. The stock was bought at an average price of $2.06 per share, with a total value of $51,500.00. Following the completion of the transaction, the chief financial officer now directly owns 75,000 shares of the company’s stock, valued at $154,500. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James M. Kilts purchased 35,976 shares of Advantage Solutions stock in a transaction that occurred on Thursday, November 9th. The shares were purchased at an average cost of $2.00 per share, with a total value of $71,952.00. Following the transaction, the director now directly owns 641,417 shares of the company’s stock, valued at $1,282,834. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 114,451 shares of company stock valued at $266,291. Corporate insiders own 5.50% of the company’s stock.

Institutional Investors Weigh In On Advantage Solutions

Institutional investors and hedge funds have recently made changes to their positions in the company. State of Wyoming purchased a new stake in Advantage Solutions in the fourth quarter worth approximately $25,000. ProShare Advisors LLC purchased a new stake in Advantage Solutions in the second quarter worth approximately $26,000. Royal Bank of Canada boosted its holdings in Advantage Solutions by 45.1% in the second quarter. Royal Bank of Canada now owns 12,000 shares of the company’s stock worth $28,000 after purchasing an additional 3,731 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Advantage Solutions in the first quarter worth approximately $29,000. Finally, Two Sigma Investments LP purchased a new stake in Advantage Solutions in the first quarter worth approximately $32,000. Institutional investors own 24.83% of the company’s stock.

Advantage Solutions Company Profile

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.