First Advantage (NYSE:FA) Stock Price Down 6.6% – What’s Next?

First Advantage Co. (NYSE:FA)’s stock price dropped 6.6% during mid-day trading on Friday . The company traded as low as $15.33 and last traded at $15.19. Approximately 1,032,470 shares traded hands during trading, an increase of 54% from the average daily volume of 670,768 shares. The stock had previously closed at $16.27.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FA. William Blair reiterated an “outperform” rating on shares of First Advantage in a research note on Friday. Needham & Company LLC reissued a “hold” rating on shares of First Advantage in a report on Wednesday, November 13th. Royal Bank of Canada reissued an “outperform” rating and issued a $22.00 target price on shares of First Advantage in a research report on Thursday, January 23rd. BMO Capital Markets assumed coverage on shares of First Advantage in a research report on Wednesday, December 11th. They set an “outperform” rating and a $20.00 price target on the stock. Finally, Barclays reissued an “overweight” rating and issued a $22.00 price objective on shares of First Advantage in a report on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $53.29.

First Advantage Price Performance

The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 498.67 and a beta of 1.17. The business’s 50 day simple moving average is $18.55 and its 200-day simple moving average is $18.86.

Institutional Trading of First Advantage

Several large investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of First Advantage by 71.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 222,569 shares of the company’s stock valued at $4,169,000 after purchasing an additional 92,574 shares in the last quarter. Two Sigma Investments LP boosted its stake in First Advantage by 65.3% in the fourth quarter. Two Sigma Investments LP now owns 180,532 shares of the company’s stock valued at $3,381,000 after buying an additional 71,298 shares in the last quarter. ProShare Advisors LLC bought a new position in First Advantage in the fourth quarter valued at about $316,000. Nuveen Asset Management LLC raised its stake in First Advantage by 21.5% during the fourth quarter. Nuveen Asset Management LLC now owns 237,848 shares of the company’s stock worth $4,455,000 after acquiring an additional 42,150 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in First Advantage by 22.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,096 shares of the company’s stock worth $639,000 after acquiring an additional 6,208 shares in the last quarter. Institutional investors and hedge funds own 94.91% of the company’s stock.

First Advantage Company Profile

First Advantage Corporation provides employment background screening, identity, and verification solutions worldwide. It offers pre-onboarding products and solutions, such as criminal background checks, drug/health screening, extended workforce screening, FBI channeling, identity checks and biometric fraud mitigation tools, education/work history verification, driver records and compliance, healthcare credentials, executive screening, and other screening products.