Free Trial

First Advantage (NYSE:FA) Shares Gap Down - Should You Sell?

First Advantage logo with Business Services background

First Advantage Co. (NYSE:FA - Get Free Report)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $19.78, but opened at $19.09. First Advantage shares last traded at $19.30, with a volume of 32,156 shares.

Analyst Ratings Changes

FA has been the subject of a number of recent analyst reports. Citigroup increased their price target on First Advantage from $19.00 to $21.00 and gave the company a "neutral" rating in a research report on Wednesday, September 25th. Truist Financial cut their price target on shares of First Advantage from $250.00 to $249.00 and set a "buy" rating on the stock in a report on Monday, July 22nd. Finally, Wolfe Research lowered shares of First Advantage from an "outperform" rating to a "peer perform" rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.25.

Read Our Latest Stock Analysis on FA

First Advantage Stock Performance

The firm's fifty day moving average is $18.75 and its 200 day moving average is $17.08. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 89.91 and a beta of 1.16. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.31 and a quick ratio of 4.31.

First Advantage (NYSE:FA - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.21. The firm had revenue of $184.55 million during the quarter, compared to analysts' expectations of $184.66 million. First Advantage had a return on equity of 13.94% and a net margin of 3.24%. The business's revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 earnings per share. On average, analysts predict that First Advantage Co. will post 0.82 EPS for the current fiscal year.

Hedge Funds Weigh In On First Advantage

Institutional investors have recently modified their holdings of the stock. Quarry LP boosted its position in shares of First Advantage by 49.7% during the second quarter. Quarry LP now owns 2,607 shares of the company's stock worth $42,000 after purchasing an additional 865 shares in the last quarter. Marshall Wace LLP acquired a new position in First Advantage in the 2nd quarter valued at about $209,000. Oppenheimer Asset Management Inc. bought a new position in First Advantage during the 2nd quarter worth $211,000. Truist Financial Corp bought a new stake in shares of First Advantage in the second quarter valued at approximately $234,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of First Advantage by 16.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,478 shares of the company's stock worth $252,000 after acquiring an additional 2,163 shares during the period. 94.91% of the stock is owned by institutional investors.

First Advantage Company Profile

(Get Free Report)

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.

Featured Stories

→ Nvidia warning urgent (From Porter & Company) (Ad)

Should you invest $1,000 in First Advantage right now?

Before you consider First Advantage, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and First Advantage wasn't on the list.

While First Advantage currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Energy Stocks to Buy and Hold Forever Cover

Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Tesla Stock Rockets 15% Post-Earnings

Tesla Stock Rockets 15% Post-Earnings

Will Tesla's rally continue, or is this the time to lock in gains? See how Thomas Hughes suggests playing the market in this exciting post-earnings period.

Related Videos

Tesla Stock: Profits vs. Price—Is It Time to Sell?
Top Stocks to Buy, Sell, and Hold Right Now

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines