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

First Advantage Co. (NYSE:FA)’s share price hit a new 52-week low on Tuesday . The company traded as low as $12.80 and last traded at $12.85, with a volume of 32571 shares traded. The stock had previously closed at $13.05.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. 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 research report on Monday, March 3rd. Needham & Company LLC reiterated a “hold” rating on shares of First Advantage in a research report on Wednesday, November 13th. Barclays decreased their price objective on shares of First Advantage from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. William Blair reiterated an “outperform” rating on shares of First Advantage in a research report on Friday, February 28th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $22.00 target price on shares of First Advantage in a research note on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and seven 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 a consensus target price of $53.29.

First Advantage Stock Down 2.2 %

The firm has a market cap of $2.21 billion, a PE ratio of 423.67 and a beta of 1.21. 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’s 50 day moving average price is $17.71 and its 200 day moving average price is $18.60.

Institutional Trading of First Advantage

Several large investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in First Advantage by 71.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 222,569 shares of the company’s stock valued at $4,169,000 after acquiring an additional 92,574 shares in the last quarter. Two Sigma Investments LP grew its stake in shares of First Advantage by 65.3% in the 4th quarter. Two Sigma Investments LP now owns 180,532 shares of the company’s stock valued at $3,381,000 after buying an additional 71,298 shares during the period. ProShare Advisors LLC purchased a new stake in shares of First Advantage in the 4th quarter valued at approximately $316,000. Nuveen Asset Management LLC grew its stake in shares of First Advantage by 21.5% in the 4th quarter. Nuveen Asset Management LLC now owns 237,848 shares of the company’s stock valued at $4,455,000 after buying an additional 42,150 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of First Advantage by 22.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,096 shares of the company’s stock valued at $639,000 after buying an additional 6,208 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.