First Advantage (NYSE:FA) Shares Down 5.2% - Time to Sell?

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

Analysts Set New Price Targets

FA has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $22.00 target price on shares of First Advantage in a research report on Thursday, January 23rd. William Blair reiterated an "outperform" rating on shares of First Advantage in a report on Friday, February 28th. BMO Capital Markets lowered their price objective 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, Barclays restated an "equal weight" rating and set a $15.00 target price (down from $20.00) on shares of First Advantage in a research note on Thursday, April 10th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $65.80.

First Advantage Stock Down 2.3 %

The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 449.00 and a beta of 1.20. 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 company's 50 day moving average price is $15.04 and its 200 day moving average price is $17.50.

Institutional Trading of First Advantage

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