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

First Advantage Co. (NYSE:FA) reached a new 52-week low on Monday . The stock traded as low as $11.50 and last traded at $13.22, with a volume of 250 shares traded. The stock had previously closed at $13.62.

Wall Street Analysts Forecast Growth

FA has been the topic of a number of research reports. Barclays cut their target price on shares of First Advantage from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. William Blair reissued an “outperform” rating on shares of First Advantage in a research note on Friday, February 28th. BMO Capital Markets decreased their price objective on shares of First Advantage from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $22.00 target price on shares of First Advantage in a research note on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $66.80.

First Advantage Stock Down 2.2 %

The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick ratio of 3.85. The company has a 50-day moving average of $16.28 and a two-hundred day moving average of $17.96. The company has a market capitalization of $2.31 billion, a PE ratio of 435.63 and a beta of 1.20.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Summit Investment Advisors Inc. lifted its holdings 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 in the last quarter. BNP Paribas Financial Markets bought a new stake in First Advantage during the fourth quarter valued at about $132,000. Two Sigma Securities LLC purchased a new stake in shares of First Advantage during the fourth quarter worth about $188,000. Tower Research Capital LLC TRC lifted its holdings in First Advantage by 1,219.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,555 shares of the company’s stock worth $198,000 after purchasing an additional 9,755 shares in the last quarter. Finally, Pictet Asset Management Holding SA purchased a new position in First Advantage in the 4th quarter worth approximately $210,000. 94.91% of the stock is currently owned by institutional investors.

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.