First Advantage (NYSE:FA) Sees Large Volume Increase - What's Next?

First Advantage Co. (NYSE:FA - Get Free Report) saw unusually-high trading volume on Friday . Approximately 1,015,149 shares were traded during trading, an increase of 24% from the previous session's volume of 819,503 shares.The stock last traded at $13.02 and had previously closed at $13.42.

Analyst Upgrades and Downgrades

FA has been the subject of a number of recent research reports. Barclays dropped their target price on First Advantage from $22.00 to $20.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $22.00 price objective on shares of First Advantage in a research note on Thursday, January 23rd. BMO Capital Markets lowered their price target on shares of First Advantage from $24.00 to $22.00 and set an "outperform" rating for the company in a research note on Monday. William Blair reaffirmed an "outperform" rating on shares of First Advantage in a research note on Friday, February 28th. Finally, Needham & Company LLC reissued a "hold" rating on shares of First Advantage in a research note on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, First Advantage presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.29.

First Advantage Stock Up 1.7 %

The company has a market capitalization of $2.37 billion, a P/E ratio of 455.00 and a beta of 1.21. 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 company has a 50 day moving average of $18.17 and a 200-day moving average of $18.75.

Institutional Investors Weigh In On First Advantage

Large investors have recently made changes to their positions in the business. Summit Investment Advisors Inc. lifted its stake in 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. Advisory Research Inc. lifted its position in shares of First Advantage by 0.6% in the 4th quarter. Advisory Research Inc. now owns 212,446 shares of the company's stock worth $3,979,000 after purchasing an additional 1,216 shares during the period. Corebridge Financial Inc. lifted its position in shares of First Advantage by 9.6% in the 4th quarter. Corebridge Financial Inc. now owns 29,784 shares of the company's stock worth $558,000 after purchasing an additional 2,607 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in shares of First Advantage by 17.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 19,626 shares of the company's stock valued at $368,000 after purchasing an additional 2,938 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of First Advantage by 9.0% during the third quarter. Victory Capital Management Inc. now owns 39,510 shares of the company's stock valued at $784,000 after buying an additional 3,249 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Remove Ads