First Advantage (NYSE:FA) Reaches New 1-Year Low – What’s Next?

First Advantage Co. (NYSE:FA) hit a new 52-week low on Wednesday . The stock traded as low as $9.23 and last traded at $9.75, with a volume of 1302366 shares traded. The stock had previously closed at $9.49.

Analyst Upgrades and Downgrades

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

First Advantage Stock Performance

The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $1.70 billion, a PE ratio of 325.00 and a beta of 1.17. The firm’s 50-day simple moving average is $13.92 and its 200-day simple moving average is $14.52.

Institutional Investors Weigh In On First Advantage

Several hedge funds have recently made changes to their positions in FA. Brighton Jones LLC bought a new position in shares of First Advantage during the 4th quarter worth $257,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in First Advantage by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,567 shares of the company’s stock worth $501,000 after acquiring an additional 1,471 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in First Advantage by 7.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 239,233 shares of the company’s stock worth $3,371,000 after acquiring an additional 16,664 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in First Advantage by 1,208.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 2,368 shares of the company’s stock valued at $39,000 after purchasing an additional 2,187 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of First Advantage by 6.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 26,425 shares of the company’s stock valued at $439,000 after purchasing an additional 1,614 shares in the last quarter. 94.91% of the stock is currently owned by hedge funds and other institutional investors.

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.