First Advantage (NYSE:FA) Hits New 52-Week Low – Time to Sell?

First Advantage Co. (NYSE:FA) shares 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 changing hands. The stock had previously closed at $9.49.

Analyst Ratings Changes

FA has been the subject of several recent analyst reports. Zacks Research cut First Advantage from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. JPMorgan Chase & Co. reduced their price objective on First Advantage from $21.00 to $17.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, First Advantage currently has a consensus rating of “Hold” and an average price target of $19.25.

First Advantage Trading Up 2.7%

The stock’s 50-day simple moving average is $13.92 and its two-hundred day simple moving average is $14.52. 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 firm has a market capitalization of $1.70 billion, a P/E ratio of 325.00 and a beta of 1.17.

Hedge Funds Weigh In On First Advantage

Hedge funds have recently made changes to their positions in the business. American Century Companies Inc. boosted its position in shares of First Advantage by 3.8% during the 2nd quarter. American Century Companies Inc. now owns 2,562,204 shares of the company’s stock valued at $42,558,000 after acquiring an additional 94,220 shares during the last quarter. Boston Partners raised its stake in First Advantage by 19.6% during the second quarter. Boston Partners now owns 2,896,207 shares of the company’s stock valued at $47,866,000 after purchasing an additional 474,634 shares in the last quarter. BloombergSen Inc. lifted its position in First Advantage by 100.4% during the third quarter. BloombergSen Inc. now owns 266,324 shares of the company’s stock valued at $4,099,000 after purchasing an additional 133,436 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of First Advantage by 16.2% in the 2nd quarter. Geode Capital Management LLC now owns 1,818,904 shares of the company’s stock worth $30,215,000 after buying an additional 253,773 shares in the last quarter. Finally, New York State Common Retirement Fund increased its holdings in shares of First Advantage by 16.9% in the 2nd quarter. New York State Common Retirement Fund now owns 548,611 shares of the company’s stock worth $9,112,000 after buying an additional 79,211 shares during the last quarter. Institutional investors own 94.91% of the company’s stock.

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.