Advantage Solutions (NASDAQ:ADV) Trading Up 6% – Time to Buy?

Advantage Solutions Inc. (NASDAQ:ADV) shot up 6% during mid-day trading on Thursday . The company traded as high as $1.67 and last traded at $1.68. 56,394 shares were traded during trading, a decline of 92% from the average session volume of 710,749 shares. The stock had previously closed at $1.58.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group cut their price objective on shares of Advantage Solutions from $5.50 to $3.50 and set a “buy” rating on the stock in a report on Tuesday, March 11th.

Advantage Solutions Trading Down 6.3 %

The stock has a 50-day moving average of $2.31 and a two-hundred day moving average of $2.92. The company has a market cap of $478.90 million, a P/E ratio of -3.63 and a beta of 1.66. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.90 and a current ratio of 1.90.

Hedge Funds Weigh In On Advantage Solutions

A number of hedge funds have recently bought and sold shares of ADV. Dimensional Fund Advisors LP raised its holdings in Advantage Solutions by 11.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,684,721 shares of the company’s stock worth $13,679,000 after buying an additional 479,348 shares during the last quarter. CastleKnight Management LP raised its holdings in Advantage Solutions by 61.7% in the 4th quarter. CastleKnight Management LP now owns 3,924,922 shares of the company’s stock worth $11,461,000 after acquiring an additional 1,496,994 shares during the last quarter. Bridgeway Capital Management LLC lifted its position in Advantage Solutions by 1.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 3,150,863 shares of the company’s stock valued at $9,201,000 after acquiring an additional 53,105 shares in the last quarter. Empowered Funds LLC boosted its stake in Advantage Solutions by 5.1% during the 4th quarter. Empowered Funds LLC now owns 1,700,863 shares of the company’s stock valued at $4,967,000 after purchasing an additional 83,105 shares during the last quarter. Finally, Sovereign s Capital Management LLC purchased a new stake in Advantage Solutions during the 4th quarter valued at $2,599,000. 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.