First Advantage (NYSE:FA) Sets New 1-Year Low – Here’s Why

Shares of First Advantage Co. (NYSE:FA) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $12.80 and last traded at $12.85, with a volume of 32571 shares trading hands. The stock had previously closed at $13.05.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FA shares. Needham & Company LLC reissued a “hold” rating on shares of First Advantage in a report on Wednesday, November 13th. Barclays cut their price target on shares of First Advantage from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. BMO Capital Markets cut their price target on shares of First Advantage from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. William Blair reaffirmed an “outperform” rating on shares of First Advantage in a report on Friday, February 28th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $22.00 price target on shares of First Advantage in a report on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, First Advantage presently has an average rating of “Moderate Buy” and a consensus price target of $53.29.

First Advantage Stock Down 2.2 %

The company’s 50 day moving average price is $17.71 and its 200 day moving average price is $18.60. 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 firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 423.67 and a beta of 1.21.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Summit Investment Advisors Inc. lifted its position in First Advantage by 15.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company’s stock valued at $117,000 after purchasing an additional 832 shares during the period. BNP Paribas Financial Markets acquired a new position in First Advantage during the fourth quarter valued at $132,000. Two Sigma Securities LLC acquired a new position in First Advantage during the fourth quarter valued at $188,000. Tower Research Capital LLC TRC lifted its position in First Advantage by 1,219.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,555 shares of the company’s stock valued at $198,000 after purchasing an additional 9,755 shares during the period. Finally, Pictet Asset Management Holding SA acquired a new position in First Advantage during the fourth quarter valued at $210,000. 94.91% of the stock is currently owned by institutional investors and hedge funds.

About First Advantage

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.