First Advantage (NYSE:FA) Trading Down 5.7% – Here’s What Happened
by Doug Wharley · The Cerbat GemFirst Advantage Co. (NYSE:FA – Get Free Report) shares traded down 5.7% on Monday . The stock traded as low as $11.22 and last traded at $11.2550. 57,390 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 678,056 shares. The stock had previously closed at $11.94.
Analysts Set New Price Targets
FA has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on First Advantage from $21.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Zacks Research lowered shares of First Advantage from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, First Advantage has an average rating of “Hold” and an average target price of $19.25.
Get Our Latest Stock Report on FA
First Advantage Stock Down 1.5%
The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61. The firm’s 50 day moving average price is $14.30 and its two-hundred day moving average price is $14.78. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 365.67 and a beta of 1.17.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Parkside Financial Bank & Trust lifted its holdings in First Advantage by 22.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 7,164 shares of the company’s stock worth $119,000 after purchasing an additional 1,328 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of First Advantage by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,567 shares of the company’s stock worth $501,000 after buying an additional 1,471 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of First Advantage by 6.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 26,425 shares of the company’s stock valued at $439,000 after acquiring an additional 1,614 shares in the last quarter. SG Americas Securities LLC increased its position in First Advantage by 22.6% during the third quarter. SG Americas Securities LLC now owns 9,211 shares of the company’s stock worth $142,000 after acquiring an additional 1,700 shares during the period. Finally, Ameritas Investment Partners Inc. raised its stake in First Advantage by 29.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,088 shares of the company’s stock worth $134,000 after purchasing an additional 1,821 shares in the last quarter. Institutional investors and hedge funds own 94.91% of the company’s stock.
First Advantage Company Profile
First Advantage is a global provider of background screening, identity verification and workforce risk management solutions. The company delivers a comprehensive suite of services that help employers verify candidate credentials, manage regulatory compliance and mitigate risk throughout the employee lifecycle. Its platform is built to integrate with leading human capital management and applicant tracking systems, enabling a seamless and scalable experience for organizations of all sizes.
The company’s core offerings include pre-employment and continuous background screening, digital identity verification, drug and health testing, and ongoing employee monitoring.