First Advantage (NYSE:FA) Shares Down 5.2% – What’s Next?

Shares of First Advantage Co. (NYSE:FA) dropped 5.2% on Tuesday . The company traded as low as $14.20 and last traded at $14.23. Approximately 709,347 shares were traded 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.

Analyst Ratings Changes

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

First Advantage Stock Down 6.8 %

The company has a market cap of $2.43 billion, a P/E 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. The stock has a fifty day moving average price of $15.49 and a two-hundred day moving average price of $17.65.

Institutional Trading of First Advantage

Institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP bought a new position in shares of First Advantage during the 4th quarter worth approximately $71,695,000. Capital World Investors boosted its position in First Advantage by 246.4% in the fourth quarter. Capital World Investors now owns 5,227,076 shares of the company’s stock worth $97,903,000 after purchasing an additional 3,718,096 shares during the last quarter. American Century Companies Inc. grew its stake in First Advantage by 337.3% in the 4th quarter. American Century Companies Inc. now owns 3,584,054 shares of the company’s stock valued at $67,129,000 after purchasing an additional 2,764,534 shares during the period. FMR LLC increased its position in shares of First Advantage by 49.1% during the 4th quarter. FMR LLC now owns 8,350,192 shares of the company’s stock valued at $156,399,000 after purchasing an additional 2,750,166 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of First Advantage by 48.0% in the 4th quarter. Vanguard Group Inc. now owns 7,425,305 shares of the company’s stock worth $139,076,000 after buying an additional 2,409,233 shares during the last quarter. Institutional investors own 94.91% of the company’s stock.

About First Advantage

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.