First Advantage (NYSE:FA) Reaches New 1-Year Low – Time to Sell?

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Zacks Research downgraded shares of First Advantage from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. JPMorgan Chase & Co. decreased their price target on shares of First Advantage from $21.00 to $17.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, First Advantage has a consensus rating of “Hold” and an average target price of $19.25.

First Advantage Price Performance

The company has a 50 day moving average of $13.30 and a 200 day moving average of $14.23. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 317.33 and a beta of 1.17. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Brighton Jones LLC acquired a new position in shares of First Advantage in the 4th quarter valued at $257,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of First Advantage by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,567 shares of the company’s stock worth $501,000 after buying an additional 1,471 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in First Advantage by 7.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 239,233 shares of the company’s stock valued at $3,371,000 after acquiring an additional 16,664 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in First Advantage by 6.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 26,425 shares of the company’s stock valued at $439,000 after acquiring an additional 1,614 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in First Advantage by 59.7% during the second quarter. Envestnet Asset Management Inc. now owns 63,452 shares of the company’s stock valued at $1,054,000 after acquiring an additional 23,731 shares during the period. 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.