Advantage Solutions (NASDAQ:ADV) Stock Price Up 6.1% - Should You Buy?

Key Points

• Advantage Solutions Inc. saw its stock rise by 6.1% to trade at $2.02, despite a significant drop in trading volume, down 68% from its average sessions.
• Institutional investors have shown increased interest, with Bank of America Corp DE and Deutsche Bank AG increasing their stakes by 43.3% and 44.8%, respectively, during the fourth quarter.
• The company operates in the business solutions sector, catering to consumer goods manufacturers and retailers, with a market capitalization of $638.86 million.

Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report) shares traded up 6.1% on Monday . The company traded as high as $2.02 and last traded at $2.02. 210,544 shares were traded during mid-day trading, a decline of 68% from the average session volume of 649,251 shares. The stock had previously closed at $1.90.

Advantage Solutions Trading Down 6.3%

The firm has a market cap of $576.93 million, a PE ratio of -1.88 and a beta of 2.19. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 2.43. The stock's fifty day simple moving average is $1.69 and its two-hundred day simple moving average is $1.51.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Deutsche Bank AG raised its position in Advantage Solutions by 8.5% in the first quarter. Deutsche Bank AG now owns 120,461 shares of the company's stock worth $182,000 after acquiring an additional 9,477 shares during the period. ProShare Advisors LLC raised its position in Advantage Solutions by 47.5% in the fourth quarter. ProShare Advisors LLC now owns 29,823 shares of the company's stock worth $87,000 after acquiring an additional 9,600 shares during the period. Forum Financial Management LP bought a new position in Advantage Solutions in the fourth quarter worth approximately $34,000. Bank of America Corp DE raised its position in Advantage Solutions by 21.8% in the second quarter. Bank of America Corp DE now owns 71,676 shares of the company's stock worth $95,000 after acquiring an additional 12,816 shares during the period. Finally, BNP Paribas Financial Markets bought a new position in Advantage Solutions in the fourth quarter worth approximately $39,000. Institutional investors 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.