First Advantage (NYSE:FA) Price Target Raised to $21.00 at Citigroup

First Advantage (NYSE:FA) had its target price increased by Citigroup from $19.00 to $21.00 in a research note released on Wednesday morning, Benzinga reports. They currently have a neutral rating on the stock.

Separately, Truist Financial reduced their target price on First Advantage from $250.00 to $249.00 and set a buy rating on the stock in a report on Monday, July 22nd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $77.25.

First Advantage Trading Up 0.7 %

Shares of FA stock opened at $19.73 on Wednesday. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 0.61. The business has a 50-day moving average price of $18.33 and a two-hundred day moving average price of $16.86. First Advantage has a 12-month low of $12.46 and a 12-month high of $20.07. The firm has a market cap of $2.86 billion, a P/E ratio of 89.68 and a beta of 1.16.

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

Hedge Funds Weigh In On First Advantage

A number of institutional investors have recently bought and sold shares of the stock. Quarry LP increased its position in First Advantage by 49.7% in 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 last quarter. Marshall Wace LLP purchased a new stake in First Advantage in the second quarter worth about $209,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of First Advantage during the second quarter valued at about $211,000. Truist Financial Corp purchased a new stake in shares of First Advantage during the second quarter valued at about $234,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of 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 valued at $252,000 after acquiring an additional 2,163 shares in the last quarter. 94.91% of the stock is owned by institutional investors.

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.