Why Is FIRST ADVANTAGE CORP (FA) Stock Down Today?

First Advantage shares fell 10.33% to $21.09 on Monday, driven by the pricing of a secondary share offering. The company announced that Silver Lake and its affiliates are selling 15 million shares at $21.80 per share. First Advantage receives no proceeds from the $327 million transaction.

What Happened

First Advantage announced the pricing of an underwritten secondary offering on November 10, 2026. The sale involves 15 million shares of common stock by Silver Lake Group and its affiliates. The price was set at $21.80 per share, resulting in a total offering size of $327 million. The company stated it will not receive any proceeds from the sale. This news followed the company’s third-quarter earnings call presentation released on November 9, 2026. Barclays maintained an Overweight rating on the stock and raised its price target to $34.

What The Data Shows

The stock opened at $22.15, a 5.8% gap down from the prior close of $23.52. The session high was $22.50 at 7:05 AM ET, while the session low reached $21.00 at 9:30 AM ET. Volume so far stands at 2.8 million shares, which is 1.5 times the three-month daily average. The company has a market capitalization of $4.0 billion and a P/E ratio of 94.4. Trailing twelve-month revenue grew 17.7%, while the net margin is 2.5%. The stock has a beta of 1.14 and a 52-week range of $8.82 to $25.15. Over the last eight sessions, the stock moved up 8.6% from $17.59 to $19.10. The stock printed four fresh 52-week highs on November 10, 2026. Recent insider filings show one sale totaling $275.2 million, with the most recent transaction on August 14, 2026.

What To Watch

Investors will monitor the completion of the secondary offering and subsequent market reaction to the increased share supply. The company’s recent earnings presentation provides the latest operational context for its performance.