First Advantage (NYSE:FA) Sets New 1-Year High at $19.98

First Advantage Co. (NYSE:FA) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $19.98 and last traded at $19.92, with a volume of 7370 shares. The stock had previously closed at $19.66.

Analyst Ratings Changes

Separately, Truist Financial cut their price objective on First Advantage from $250.00 to $249.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, First Advantage currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.00.

First Advantage Stock Down 0.3 %

The company has a market cap of $2.87 billion, a price-to-earnings ratio of 89.82, a P/E/G ratio of 3.71 and a beta of 1.16. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.61. The business has a fifty day moving average price of $17.92 and a two-hundred day moving average price of $16.70.

First Advantage (NYSE:FA) last issued its earnings results on Thursday, August 8th. The company reported $0.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.21. The company had revenue of $184.55 million for the quarter, compared to the consensus estimate of $184.66 million. First Advantage had a return on equity of 13.94% and a net margin of 3.24%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 EPS. On average, equities analysts predict that First Advantage Co. will post 0.82 earnings per share for the current year.

Insider Activity

In related news, Director James Lindsey Clark sold 2,100 shares of the stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $15.48, for a total value of $32,508.00. Following the transaction, the director now owns 42,927 shares in the company, valued at $664,509.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On First Advantage

A number of hedge funds have recently added to or reduced their stakes in the company. Quarry LP boosted its position in First Advantage by 49.7% during the second quarter. Quarry LP now owns 2,607 shares of the company’s stock worth $42,000 after purchasing an additional 865 shares during the period. Marshall Wace LLP bought a new stake in First Advantage during the second quarter worth approximately $209,000. Oppenheimer Asset Management Inc. bought a new stake in First Advantage during the second quarter worth approximately $211,000. Truist Financial Corp bought a new stake in First Advantage during the second quarter worth approximately $234,000. Finally, Price T Rowe Associates Inc. MD boosted its position in First Advantage by 16.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,478 shares of the company’s stock worth $252,000 after purchasing an additional 2,163 shares during the period. Institutional investors and hedge funds own 94.91% of the company’s stock.

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.