Advantage Solutions (NASDAQ:ADV) Shares Gap Down – Should You Sell?

Advantage Solutions Inc. (NASDAQ:ADV) gapped down prior to trading on Monday . The stock had previously closed at $2.84, but opened at $2.78. Advantage Solutions shares last traded at $2.85, with a volume of 24,972 shares trading hands.

Advantage Solutions Price Performance

The company has a market capitalization of $843.58 million, a price-to-earnings ratio of -6.41 and a beta of 1.55. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.81. The company has a 50 day moving average price of $3.27 and a 200 day moving average price of $3.44.

Insider Buying and Selling

In other Advantage Solutions news, CEO David A. Peacock acquired 16,633 shares of Advantage Solutions stock in a transaction on Monday, November 11th. The shares were purchased at an average cost of $3.30 per share, with a total value of $54,888.90. Following the completion of the purchase, the chief executive officer now owns 2,352,029 shares in the company, valued at $7,761,695.70. The trade was a 0.71 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 6.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of Advantage Solutions during the second quarter worth $31,000. Algert Global LLC bought a new position in Advantage Solutions during the second quarter worth about $36,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Advantage Solutions during the 3rd quarter worth about $54,000. Paloma Partners Management Co bought a new stake in shares of Advantage Solutions in the 3rd quarter valued at about $77,000. Finally, Creative Planning bought a new stake in shares of Advantage Solutions in the 3rd quarter valued at about $82,000. Institutional investors and hedge funds 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.