Advantage Solutions (NASDAQ:ADV) Shares Gap Up Following Insider Buying Activity

Advantage Solutions Inc. (NASDAQ:ADV)’s stock price gapped up prior to trading on Tuesday following insider buying activity. The stock had previously closed at $2.87, but opened at $3.08. Advantage Solutions shares last traded at $3.02, with a volume of 99,420 shares trading hands.

Specifically, CEO David A. Peacock acquired 40,000 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was purchased at an average price of $2.79 per share, for a total transaction of $111,600.00. Following the acquisition, the chief executive officer now owns 2,320,396 shares in the company, valued at approximately $6,473,904.84. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, TheStreet raised Advantage Solutions from a “d” rating to a “c-” rating in a report on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $3.43.

Advantage Solutions Trading Up 3.3 %

The company has a 50 day simple moving average of $3.58 and a 200 day simple moving average of $3.82. The company has a market capitalization of $1.01 billion, a PE ratio of -44.99 and a beta of 1.50. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.95 and a current ratio of 1.95.

Advantage Solutions (NASDAQ:ADV) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.24). The firm had revenue of $879.00 million during the quarter, compared to analyst estimates of $893.04 million. Advantage Solutions had a negative return on equity of 5.26% and a negative net margin of 0.36%. During the same period in the prior year, the firm earned ($0.15) earnings per share. Analysts anticipate that Advantage Solutions Inc. will post 0.41 earnings per share for the current year.

Institutional Trading of Advantage Solutions

A number of hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC acquired a new position in shares of Advantage Solutions during the 1st quarter valued at about $29,000. Victory Capital Management Inc. acquired a new position in Advantage Solutions in the 4th quarter valued at about $51,000. BancFirst Trust & Investment Management grew its stake in shares of Advantage Solutions by 50.0% in the 4th quarter. BancFirst Trust & Investment Management now owns 15,000 shares of the company’s stock valued at $58,000 after buying an additional 5,000 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Advantage Solutions during the 4th quarter worth approximately $55,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Advantage Solutions during the 4th quarter valued at approximately $57,000. Institutional investors and hedge funds 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.