First Advantage (NYSE:FA) Stock Price Down 6.6% - Time to Sell?

First Advantage Co. (NYSE:FA - Get Free Report)'s share price fell 6.6% on Friday . The company traded as low as $15.33 and last traded at $15.19. 1,032,470 shares were traded during mid-day trading, an increase of 54% from the average session volume of 670,768 shares. The stock had previously closed at $16.27.

Wall Street Analysts Forecast Growth

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

First Advantage Stock Down 2.8 %

The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85. The business has a 50 day simple moving average of $18.46 and a 200-day simple moving average of $18.84. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 462.67 and a beta of 1.17.

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Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake 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 during the last quarter. Two Sigma Investments LP boosted its stake in First Advantage by 65.3% during the fourth quarter. Two Sigma Investments LP now owns 180,532 shares of the company's stock worth $3,381,000 after buying an additional 71,298 shares during the period. ProShare Advisors LLC acquired a new stake in shares of First Advantage during the fourth quarter valued at about $316,000. Nuveen Asset Management LLC raised its stake in shares of First Advantage by 21.5% in the 4th quarter. Nuveen Asset Management LLC now owns 237,848 shares of the company's stock valued at $4,455,000 after acquiring an additional 42,150 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in First Advantage by 22.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,096 shares of the company's stock valued at $639,000 after purchasing an additional 6,208 shares during the period. 94.91% of the stock is currently owned by institutional investors and hedge funds.

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.