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

First Advantage Co. (NYSE:FA)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $10.35 and last traded at $10.97, with a volume of 1855610 shares trading hands. The stock had previously closed at $11.14.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FA shares. JPMorgan Chase & Co. lowered their price objective on shares of First Advantage from $21.00 to $17.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Zacks Research cut shares of First Advantage from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $19.25.

First Advantage Trading Down 9.6%

The company’s 50 day simple moving average is $14.08 and its two-hundred day simple moving average is $14.67. 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 company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 316.33 and a beta of 1.17.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Onex Canada Asset Management Inc. raised its stake in First Advantage by 24.5% in the fourth quarter. Onex Canada Asset Management Inc. now owns 961,581 shares of the company’s stock valued at $13,972,000 after buying an additional 189,434 shares during the last quarter. Sunriver Management LLC raised its position in shares of First Advantage by 13.2% in the 4th quarter. Sunriver Management LLC now owns 2,661,286 shares of the company’s stock valued at $38,668,000 after purchasing an additional 310,672 shares during the last quarter. State Street Corp boosted its stake in First Advantage by 5.6% in the 4th quarter. State Street Corp now owns 1,843,953 shares of the company’s stock worth $26,793,000 after purchasing an additional 97,223 shares in the last quarter. Wells Fargo & Company MN boosted its stake in First Advantage by 66.4% in the 4th quarter. Wells Fargo & Company MN now owns 87,343 shares of the company’s stock worth $1,269,000 after purchasing an additional 34,838 shares in the last quarter. Finally, CI Investments Inc. purchased a new stake in First Advantage during the 4th quarter worth approximately $2,078,000. 94.91% of the stock is owned by institutional investors and hedge funds.

About First Advantage

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.