Analysts Set First Advantage Co. (NYSE:FA) PT at $53.29

Shares of First Advantage Co. (NYSE:FA) have been given a consensus rating of “Moderate Buy” by the ten research firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $53.29.

A number of equities research analysts have weighed in on the company. Wolfe Research downgraded First Advantage from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Barclays restated an “overweight” rating and set a $22.00 target price on shares of First Advantage in a research report on Wednesday, November 20th. Citigroup upped their price target on First Advantage from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. William Blair reissued an “outperform” rating on shares of First Advantage in a report on Wednesday, December 11th. Finally, BMO Capital Markets began coverage on shares of First Advantage in a report on Wednesday, December 11th. They issued an “outperform” rating and a $20.00 target price on the stock.

Institutional Trading of First Advantage

Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in First Advantage by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,131,188 shares of the company’s stock valued at $50,314,000 after acquiring an additional 254,219 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in First Advantage during the 3rd quarter valued at about $676,000. Barclays PLC boosted its stake in shares of First Advantage by 57.3% in the 3rd quarter. Barclays PLC now owns 81,669 shares of the company’s stock valued at $1,621,000 after purchasing an additional 29,752 shares during the last quarter. FMR LLC grew its position in shares of First Advantage by 50.8% during the 3rd quarter. FMR LLC now owns 5,600,026 shares of the company’s stock worth $111,161,000 after buying an additional 1,886,716 shares during the period. Finally, Sei Investments Co. raised its stake in shares of First Advantage by 27.5% during the second 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 during the last quarter. 94.91% of the stock is owned by institutional investors.

First Advantage Stock Performance

Shares of NYSE FA opened at $18.43 on Friday. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 614.33 and a beta of 1.17. First Advantage has a one year low of $14.01 and a one year high of $20.79. The business has a fifty day simple moving average of $18.74 and a 200 day simple moving average of $18.28. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61.

First Advantage (NYSE:FA) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $204.39 million. During the same quarter in the prior year, the company posted $0.25 EPS. The business’s revenue was down .6% on a year-over-year basis. Sell-side analysts expect that First Advantage will post 0.75 EPS for the current year.

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.