First Advantage (NYSE:FA) Reaches New 12-Month Low – Here’s What Happened

First Advantage Co. (NYSE:FA) shares 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 trading hands. The stock had previously closed at $13.62.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on FA shares. BMO Capital Markets reduced their target price on First Advantage from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 price target on shares of First Advantage in a research note on Thursday, January 23rd. William Blair reaffirmed an “outperform” rating on shares of First Advantage in a research report on Friday, February 28th. Finally, Barclays dropped 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. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.80.

First Advantage Stock Performance

The company has a market cap of $2.31 billion, a P/E ratio of 435.63 and a beta of 1.20. 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 business has a 50-day moving average of $16.28 and a two-hundred day moving average of $17.96.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FA. FMR LLC lifted its position in First Advantage by 49.1% during the fourth quarter. FMR LLC now owns 8,350,192 shares of the company’s stock valued at $156,399,000 after acquiring an additional 2,750,166 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of First Advantage by 48.0% during the 4th quarter. Vanguard Group Inc. now owns 7,425,305 shares of the company’s stock valued at $139,076,000 after purchasing an additional 2,409,233 shares during the last quarter. Capital Research Global Investors boosted its position in shares of First Advantage by 4.8% in the 4th quarter. Capital Research Global Investors now owns 6,223,937 shares of the company’s stock worth $116,574,000 after purchasing an additional 286,456 shares in the last quarter. Capital World Investors grew its stake in First Advantage by 246.4% during the 4th quarter. Capital World Investors now owns 5,227,076 shares of the company’s stock worth $97,903,000 after buying an additional 3,718,096 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in First Advantage by 1.1% during the 4th quarter. JPMorgan Chase & Co. now owns 4,485,369 shares of the company’s stock valued at $84,011,000 after buying an additional 50,469 shares in the last quarter. 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.