First Advantage (NYSE:FA) Trading Down 5.2% – Should You Sell?

First Advantage Co. (NYSE:FA)’s stock price was down 5.2% during mid-day trading on Tuesday . The company traded as low as $14.20 and last traded at $14.23. Approximately 709,347 shares traded hands during mid-day trading, a decline of 3% from the average daily volume of 733,629 shares. The stock had previously closed at $15.01.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Barclays reissued an “equal weight” rating and set a $15.00 price target (down from $20.00) on shares of First Advantage in a research report on Thursday, April 10th. BMO Capital Markets lowered their target price on shares of First Advantage from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. William Blair reiterated an “outperform” rating on shares of First Advantage in a research note on Friday, February 28th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $22.00 target price on shares of First Advantage in a research note on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.80.

First Advantage Stock Down 6.8 %

The stock has a 50-day moving average of $15.49 and a 200-day moving average of $17.65. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 466.17 and a beta of 1.20. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick ratio of 3.85.

Institutional Investors Weigh In On First Advantage

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its position in First Advantage by 748.5% in the first quarter. GAMMA Investing LLC now owns 6,890 shares of the company’s stock valued at $97,000 after acquiring an additional 6,078 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of First Advantage by 15.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company’s stock worth $117,000 after acquiring an additional 832 shares during the period. BNP Paribas Financial Markets acquired a new stake in First Advantage during the 4th quarter valued at approximately $132,000. Two Sigma Securities LLC acquired a new position in shares of First Advantage in the 4th quarter worth approximately $188,000. Finally, Tower Research Capital LLC TRC increased its position in shares of First Advantage by 1,219.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,555 shares of the company’s stock worth $198,000 after buying an additional 9,755 shares during the period. 94.91% of the stock is currently owned by institutional investors.

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.