Shares of Advantage Solutions Inc. (NASDAQ:ADV – Get Free Report) shot up 5.8% during mid-day trading on Friday following insider buying activity. The company traded as high as $2.76 and last traded at $2.72. 101,504 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 477,137 shares. The stock had previously closed at $2.57.
Specifically, CEO David A. Peacock bought 80,000 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was acquired at an average price of $1.58 per share, with a total value of $126,400.00. Following the transaction, the chief executive officer now owns 1,778,112 shares in the company, valued at $2,809,416.96. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Advantage Solutions news, CEO David A. Peacock purchased 80,000 shares of Advantage Solutions stock in a transaction dated Monday, May 15th. The stock was purchased at an average price of $1.58 per share, with a total value of $126,400.00. Following the transaction, the chief executive officer now directly owns 1,778,112 shares of the company’s stock, valued at $2,809,416.96. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director James M. Kilts purchased 24,803 shares of Advantage Solutions stock in a transaction dated Monday, May 22nd. The shares were acquired at an average cost of $1.86 per share, with a total value of $46,133.58. Following the transaction, the director now directly owns 349,782 shares in the company, valued at $650,594.52. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 230,436 shares of company stock valued at $425,948. 5.50% of the stock is owned by insiders.
Wall Street Analyst Weigh In
ADV has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price objective on Advantage Solutions from $2.90 to $3.30 and gave the company a “neutral” rating in a research note on Tuesday. Morgan Stanley restated an “equal weight” rating and issued a $3.00 price target on shares of Advantage Solutions in a research note on Monday, August 7th.
Advantage Solutions Stock Performance
The company has a market capitalization of $904.41 million, a P/E ratio of -0.61 and a beta of 1.52. The business has a 50-day moving average of $2.39 and a 200-day moving average of $2.07. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.88 and a quick ratio of 2.06.
Advantage Solutions (NASDAQ:ADV – Get Free Report) last issued its quarterly earnings results on Wednesday, May 10th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.22). Advantage Solutions had a positive return on equity of 8.27% and a negative net margin of 34.72%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $962.04 million. On average, sell-side analysts anticipate that Advantage Solutions Inc. will post 0.47 EPS for the current year.
Institutional Trading of Advantage Solutions
A number of large investors have recently made changes to their positions in the stock. State of Wyoming bought a new stake in shares of Advantage Solutions in the fourth quarter valued at about $25,000. ProShare Advisors LLC bought a new stake in shares of Advantage Solutions in the second quarter valued at about $26,000. Cubist Systematic Strategies LLC bought a new stake in shares of Advantage Solutions in the first quarter valued at about $29,000. Two Sigma Investments LP bought a new stake in shares of Advantage Solutions in the first quarter valued at about $32,000. Finally, Engineers Gate Manager LP bought a new stake in shares of Advantage Solutions in the third quarter valued at about $43,000. 24.72% of the stock is owned by hedge funds and other institutional investors.
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.
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