First Advantage (NYSE:FA) Price Target Cut to $22.00 by Analysts at BMO Capital Markets

First Advantage (NYSE:FA) had its target price decreased by BMO Capital Markets from $24.00 to $22.00 in a research report report published on Monday morning,Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other research analysts have also recently commented on the company. Needham & Company LLC reiterated a “hold” rating on shares of First Advantage in a research note on Wednesday, November 13th. Barclays lowered their target price on First Advantage from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday. William Blair reaffirmed an “outperform” rating on shares of First Advantage in a research report on Friday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 target price on shares of First Advantage in a research report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.29.

First Advantage Stock Down 4.9 %

Shares of FA opened at $14.23 on Monday. First Advantage has a 52 week low of $14.19 and a 52 week high of $20.79. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 474.33 and a beta of 1.17. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85. The stock has a fifty day moving average of $18.46 and a 200-day moving average of $18.84.

Institutional Trading of First Advantage

A number of large investors have recently bought and sold shares of FA. Summit Investment Advisors Inc. grew its holdings in First Advantage by 15.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company’s stock worth $117,000 after acquiring an additional 832 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of First Advantage in the 4th quarter valued at about $132,000. Two Sigma Securities LLC acquired a new stake in shares of First Advantage in the 4th quarter valued at about $188,000. Tower Research Capital LLC TRC grew its stake in shares of First Advantage by 1,219.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,555 shares of the company’s stock valued at $198,000 after buying an additional 9,755 shares during the period. Finally, Pictet Asset Management Holding SA acquired a new stake in shares of First Advantage in the 4th quarter valued at about $210,000. 94.91% of the stock is currently owned by institutional investors and hedge funds.

About First Advantage

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.