First Advantage (NYSE:FA) Shares Down 4.7% - What's Next?

First Advantage Co. (NYSE:FA - Get Free Report) fell 4.7% on Tuesday . The company traded as low as $18.83 and last traded at $18.85. 433,550 shares were traded during trading, an increase of 3% from the average session volume of 421,415 shares. The stock had previously closed at $19.78.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FA. Truist Financial lowered their price target on First Advantage from $250.00 to $249.00 and set a "buy" rating on the stock in a research report on Monday, July 22nd. Wolfe Research downgraded First Advantage from an "outperform" rating to a "peer perform" rating in a research report on Thursday, October 10th. Finally, Citigroup raised 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. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, First Advantage currently has an average rating of "Moderate Buy" and a consensus price target of $77.25.

First Advantage Stock Down 4.2 %

The company has a debt-to-equity ratio of 0.61, a current ratio of 4.31 and a quick ratio of 4.31. The company has a market capitalization of $2.75 billion, a P/E ratio of 86.14 and a beta of 1.16. The company has a 50 day moving average of $19.25 and a 200-day moving average of $17.32.

First Advantage (NYSE:FA - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. The company had revenue of $184.55 million for 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%. First Advantage's quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the firm earned $0.24 earnings per share. As a group, equities analysts anticipate that First Advantage Co. will post 0.82 EPS for the current year.

Institutional Trading of First Advantage

Large investors have recently bought and sold shares of the company. Quarry LP boosted its position in First Advantage by 49.7% during the 2nd quarter. Quarry LP now owns 2,607 shares of the company's stock valued at $42,000 after acquiring an additional 865 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of First Advantage during the second quarter valued at approximately $209,000. Oppenheimer Asset Management Inc. purchased a new position in shares of First Advantage during the second quarter valued at approximately $211,000. Truist Financial Corp purchased a new position in shares of First Advantage during 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 first quarter. Price T Rowe Associates Inc. MD now owns 15,478 shares of the company's stock valued at $252,000 after purchasing an additional 2,163 shares during the last quarter. 94.91% of the stock is 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.