Advantage Solutions (NASDAQ:ADV) Stock Price Up 4.6% – Should You Buy?

Shares of Advantage Solutions Inc. (NASDAQ:ADV) were up 4.6% during trading on Tuesday . The stock traded as high as $2.68 and last traded at $2.78. Approximately 5,373 shares changed hands during trading, a decline of 99% from the average daily volume of 388,532 shares. The stock had previously closed at $2.66.

Advantage Solutions Price Performance

The stock has a fifty day moving average of $2.90 and a 200-day moving average of $3.29. The firm has a market capitalization of $890.08 million, a P/E ratio of -6.77 and a beta of 1.54. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.81.

Hedge Funds Weigh In On Advantage Solutions

Large investors have recently modified their holdings of the stock. CIBC Asset Management Inc acquired a new position in shares of Advantage Solutions during the fourth quarter worth approximately $30,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Advantage Solutions in the 3rd quarter valued at $54,000. a16z Perennial Management L.P. acquired a new stake in shares of Advantage Solutions in the 4th quarter valued at $55,000. Paloma Partners Management Co acquired a new stake in shares of Advantage Solutions in the 3rd quarter valued at $77,000. Finally, Creative Planning acquired a new stake in shares of Advantage Solutions in the 3rd quarter valued at $82,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

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.