First Advantage (NYSE:FA) Hits New 1-Year Low After Analyst Downgrade

First Advantage Co. (NYSE:FA)’s stock price hit a new 52-week low during mid-day trading on Monday after BMO Capital Markets lowered their price target on the stock from $24.00 to $22.00. BMO Capital Markets currently has an outperform rating on the stock. First Advantage traded as low as $14.68 and last traded at $14.70, with a volume of 623800 shares changing hands. The stock had previously closed at $14.96.

FA has been the subject of a number of other research reports. William Blair reissued an “outperform” rating on shares of First Advantage in a research report on Friday. Needham & Company LLC reiterated a “hold” rating on shares of First Advantage in a report on Wednesday, November 13th. Barclays lowered their price target on First Advantage from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 price objective on shares of First Advantage in a research report on Thursday, January 23rd. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $53.29.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FA. Summit Investment Advisors Inc. boosted its position in First Advantage by 15.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company’s stock worth $117,000 after purchasing an additional 832 shares during the period. Advisory Research Inc. boosted its holdings in shares of First Advantage by 0.6% during the 4th quarter. Advisory Research Inc. now owns 212,446 shares of the company’s stock worth $3,979,000 after buying an additional 1,216 shares during the period. Corebridge Financial Inc. grew its stake in First Advantage by 9.6% in the 4th quarter. Corebridge Financial Inc. now owns 29,784 shares of the company’s stock valued at $558,000 after buying an additional 2,607 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in First Advantage by 17.6% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 19,626 shares of the company’s stock worth $368,000 after acquiring an additional 2,938 shares during the period. Finally, Victory Capital Management Inc. lifted its position in First Advantage by 9.0% during the 3rd quarter. Victory Capital Management Inc. now owns 39,510 shares of the company’s stock worth $784,000 after acquiring an additional 3,249 shares during the last quarter. 94.91% of the stock is owned by institutional investors.

First Advantage Stock Performance

The firm has a 50 day moving average of $18.55 and a two-hundred day moving average of $18.87. The stock has a market cap of $2.55 billion, a P/E ratio of 491.43 and a beta of 1.17. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85.

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.