Advantage Solutions (NASDAQ:ADV) Shares Gap Down to $3.61

Advantage Solutions Inc. (NASDAQ:ADV)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $3.61, but opened at $2.95. Advantage Solutions shares last traded at $3.68, with a volume of 100,606 shares trading hands.

Advantage Solutions Stock Performance

The company has a debt-to-equity ratio of 1.66, a current ratio of 1.95 and a quick ratio of 1.95. The stock has a market capitalization of $1.15 billion, a PE ratio of -51.57 and a beta of 1.48. The stock has a 50 day moving average of $3.37 and a two-hundred day moving average of $3.79.

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

Insiders Place Their Bets

In other news, CEO David A. Peacock bought 40,000 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were bought at an average cost of $2.79 per share, for a total transaction of $111,600.00. Following the completion of the transaction, the chief executive officer now owns 2,320,396 shares in the company, valued at $6,473,904.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Advantage Solutions

Institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC acquired a new position in Advantage Solutions in the first quarter valued at $29,000. Allspring Global Investments Holdings LLC acquired a new position in Advantage Solutions in the second quarter valued at $31,000. Victory Capital Management Inc. acquired a new position in Advantage Solutions in the fourth quarter valued at $51,000. Quadrature Capital Ltd acquired a new position in Advantage Solutions in the fourth quarter valued at $55,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Advantage Solutions in the fourth quarter valued at $57,000. 49.82% of the stock is owned by institutional investors and hedge funds.

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.