First Advantage’s (FA) Overweight Rating Reiterated at Barclays

Barclays restated their overweight rating on shares of First Advantage (NYSE:FA) in a research note issued to investors on Wednesday, MarketBeat Ratings reports. Barclays currently has a $22.00 price target on the stock.

A number of other analysts also recently commented on the stock. Wolfe Research downgraded shares of First Advantage from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. William Blair reaffirmed an “outperform” rating on shares of First Advantage in a report on Wednesday, November 13th. Royal Bank of Canada assumed coverage on First Advantage in a research note on Friday, November 15th. They set an “outperform” rating and a $22.00 price objective for the company. Citigroup boosted their target price on First Advantage from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of First Advantage in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.83.

First Advantage Stock Performance

Shares of FA stock opened at $19.10 on Wednesday. The company has a market cap of $3.30 billion, a P/E ratio of 636.67 and a beta of 1.18. The business has a 50 day moving average of $18.98 and a two-hundred day moving average of $17.68. First Advantage has a 52 week low of $13.88 and a 52 week high of $20.79. 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 (NYSE:FA) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. The company had revenue of $199.10 million for the quarter, compared to analyst estimates of $204.39 million. During the same quarter last year, the business earned $0.25 earnings per share. First Advantage’s revenue was down .6% compared to the same quarter last year. As a group, analysts anticipate that First Advantage will post 0.75 EPS for the current year.

Institutional Investors Weigh In On First Advantage

Hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in First Advantage by 8.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,131,188 shares of the company’s stock valued at $50,314,000 after purchasing an additional 254,219 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of First Advantage by 9.4% in the first quarter. Capital Research Global Investors now owns 5,777,481 shares of the company’s stock valued at $93,711,000 after buying an additional 496,898 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of First Advantage during the third quarter worth approximately $676,000. Sei Investments Co. lifted its holdings in First Advantage by 27.5% during the 2nd quarter. Sei Investments Co. now owns 126,159 shares of the company’s stock worth $2,027,000 after buying an additional 27,237 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in First Advantage by 27.1% in the third quarter. Oppenheimer Asset Management Inc. now owns 16,688 shares of the company’s stock valued at $331,000 after acquiring an additional 3,561 shares during the last quarter. 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.