Advantage Solutions (NASDAQ:ADV) Shares Down 3.4% – What’s Next?

Advantage Solutions Inc. (NASDAQ:ADV)’s share price was down 3.4% on Thursday . The company traded as low as $2.81 and last traded at $2.82. Approximately 83,233 shares were traded during trading, a decline of 89% from the average daily volume of 737,751 shares. The stock had previously closed at $2.92.

Advantage Solutions Stock Down 6.5 %

The firm has a market cap of $875.66 million, a P/E ratio of -6.66 and a beta of 1.51. The business’s fifty day moving average price is $3.30 and its two-hundred day moving average price is $3.44. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.81.

Insider Activity at Advantage Solutions

In other Advantage Solutions news, CEO David A. Peacock bought 16,633 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were acquired at an average price of $3.30 per share, with a total value of $54,888.90. Following the completion of the purchase, the chief executive officer now directly owns 2,352,029 shares in the company, valued at $7,761,695.70. The trade was a 0.71 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Advantage Solutions

Large investors have recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in Advantage Solutions by 11.9% during the 2nd quarter. Principal Financial Group Inc. now owns 48,093 shares of the company’s stock worth $155,000 after acquiring an additional 5,107 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Advantage Solutions by 22.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 34,628 shares of the company’s stock worth $112,000 after acquiring an additional 6,449 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Advantage Solutions by 46.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,183 shares of the company’s stock valued at $84,000 after acquiring an additional 8,256 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Advantage Solutions in the second quarter worth about $31,000. Finally, The Manufacturers Life Insurance Company raised its holdings in Advantage Solutions by 22.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 55,592 shares of the company’s stock worth $179,000 after purchasing an additional 10,025 shares during the last quarter. Institutional investors own 49.82% of the company’s stock.

Advantage Solutions Company Profile

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.