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

First Advantage Co. (NYSE:FA) hit a new 52-week low on Tuesday . The stock traded as low as $8.93 and last traded at $8.95, with a volume of 1188802 shares. The stock had previously closed at $9.85.

Analysts Set New Price Targets

A number of equities analysts have commented on FA shares. JPMorgan Chase & Co. cut 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 report on Friday, November 7th. Zacks Research cut 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 issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $19.25.

First Advantage Stock Down 9.1%

The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85. The company has a market capitalization of $1.56 billion, a PE ratio of 298.33 and a beta of 1.17. The firm’s 50-day simple moving average is $13.52 and its 200 day simple moving average is $14.32.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FA. Alliancebernstein L.P. lifted its position in shares of First Advantage by 724.5% during the 2nd quarter. Alliancebernstein L.P. now owns 5,256,511 shares of the company’s stock valued at $87,311,000 after acquiring an additional 4,618,946 shares during the period. Capital World Investors raised its holdings in First Advantage by 9.4% during the fourth quarter. Capital World Investors now owns 9,098,714 shares of the company’s stock worth $132,204,000 after purchasing an additional 780,200 shares during the last quarter. SG Americas Securities LLC raised its holdings in First Advantage by 8,338.6% during the fourth quarter. SG Americas Securities LLC now owns 777,275 shares of the company’s stock worth $11,294,000 after purchasing an additional 768,064 shares during the last quarter. Sunriver Management LLC boosted its position in First Advantage by 46.1% during the third quarter. Sunriver Management LLC now owns 2,350,614 shares of the company’s stock worth $36,176,000 after purchasing an additional 741,913 shares in the last quarter. Finally, Cat Rock Capital Management LP grew its holdings in First Advantage by 29.7% in the third quarter. Cat Rock Capital Management LP now owns 3,068,369 shares of the company’s stock valued at $47,222,000 after purchasing an additional 702,452 shares during the last quarter. 94.91% of the stock is owned by hedge funds and other institutional investors.

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.