First Advantage (NYSE:FA) Reaches New 52-Week Low – Here’s What Happened

First Advantage Co. (NYSE:FA) shares reached 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 changing hands. The stock had previously closed at $13.05.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. William Blair reiterated an “outperform” rating on shares of First Advantage in a research note on Friday, February 28th. Needham & Company LLC reissued a “hold” rating on shares of First Advantage in a report on Wednesday, November 13th. Barclays reduced their target price on First Advantage from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. BMO Capital Markets dropped their price target on First Advantage from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 target price on shares of First Advantage in a report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, First Advantage has an average rating of “Moderate Buy” and an average target price of $53.29.

First Advantage Stock Performance

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 fifty day moving average price is $17.95 and its two-hundred day moving average price is $18.68. The stock has a market capitalization of $2.24 billion, a PE ratio of 429.97 and a beta of 1.21.

Hedge Funds Weigh In On First Advantage

Several institutional investors and hedge funds have recently modified their holdings of FA. TimesSquare Capital Management LLC grew its holdings in First Advantage by 6.8% in the third quarter. TimesSquare Capital Management LLC now owns 89,830 shares of the company’s stock valued at $1,783,000 after purchasing an additional 5,730 shares during the period. Victory Capital Management Inc. grew its stake in First Advantage by 9.0% in the 3rd quarter. Victory Capital Management Inc. now owns 39,510 shares of the company’s stock valued at $784,000 after acquiring an additional 3,249 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in First Advantage by 27.1% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 16,688 shares of the company’s stock worth $331,000 after acquiring an additional 3,561 shares in the last quarter. Natixis Advisors LLC acquired a new position in First Advantage during the third quarter worth $298,000. Finally, LMR Partners LLP raised its position in First Advantage by 104.3% during the third quarter. LMR Partners LLP now owns 26,246 shares of the company’s stock worth $521,000 after acquiring an additional 13,400 shares during the period. 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.