5 Best NASDAQ Penny Stocks to Buy

4. Advantage Solutions Inc. (NASDAQ:ADV)

Number of Hedge Fund Holders: 20
Share Price as of July 2: $2.34

Advantage Solutions Inc. (NASDAQ:ADV) is next on our list of the best penny stocks listed on NASDAQ. The California-based media company generated $1.01 billion in revenues in the first quarter of 2023, up 10.4% from the prior-year period. At the end of March, it had roughly $150 million available in its cash and cash equivalents.

As of the close of Q1 2023, 20 hedge funds tracked by Insider Monkey owned investments in Advantage Solutions Inc. (NASDAQ:ADV), compared with 22 in the previous quarter. The total stake value of these funds is over $55.4 million.

Follow Advantage Solutions Inc.