First Advantage (NYSE:FA) Sets New 12-Month Low After Analyst Downgrade

First Advantage Co. (NYSE:FA - Get Free Report) shares hit a new 52-week low 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.

Several other research firms have also recently weighed in on FA. Barclays lowered their price objective on shares of First Advantage from $22.00 to $20.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Needham & Company LLC reissued a "hold" rating on shares of First Advantage in a report on Wednesday, November 13th. William Blair reaffirmed an "outperform" rating on shares of First Advantage in a report on Friday, February 28th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $22.00 target price on shares of First Advantage in a report on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $53.29.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Summit Investment Advisors Inc. raised its stake in First Advantage by 15.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company's stock worth $117,000 after acquiring an additional 832 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of First Advantage during the 4th quarter valued at $132,000. Two Sigma Securities LLC purchased a new position in shares of First Advantage during the 4th quarter valued at $188,000. Tower Research Capital LLC TRC boosted its holdings in First Advantage by 1,219.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,555 shares of the company's stock worth $198,000 after buying an additional 9,755 shares during the period. Finally, Pictet Asset Management Holding SA purchased a new stake in First Advantage in the 4th quarter worth $210,000. 94.91% of the stock is owned by hedge funds and other institutional investors.

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First Advantage Trading Down 4.3 %

The stock has a fifty day simple moving average of $18.28 and a 200 day simple moving average of $18.78. The firm has a market capitalization of $2.32 billion, a P/E ratio of 447.33 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.

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.