First Advantage’s (FA) “Overweight” Rating Reaffirmed at Barclays

Barclays reiterated their overweight rating on shares of First Advantage (NYSE:FA) in a report issued on Wednesday, Marketbeat Ratings reports. They currently have a $22.00 price objective on the stock.

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

First Advantage Price Performance

Shares of NYSE:FA opened at $18.25 on Wednesday. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $3.15 billion, a PE ratio of 608.33 and a beta of 1.18. The firm has a 50 day moving average of $19.00 and a 200-day moving average of $17.65. First Advantage has a 12 month low of $13.88 and a 12 month high of $20.79.

First Advantage (NYSE:FA) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.01. First Advantage had a return on equity of 13.16% and a net margin of 0.65%. The business had revenue of $199.10 million for the quarter, compared to analyst estimates of $204.39 million. During the same period last year, the firm posted $0.25 earnings per share. First Advantage’s revenue was down .6% compared to the same quarter last year. On average, equities research analysts predict that First Advantage will post 0.82 EPS for the current fiscal year.

Institutional Investors Weigh In On First Advantage

Institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its stake 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 buying an additional 254,219 shares during the period. Capital Research Global Investors lifted its position in shares of First Advantage by 9.4% during the 1st quarter. Capital Research Global Investors now owns 5,777,481 shares of the company’s stock valued at $93,711,000 after acquiring an additional 496,898 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of First Advantage during the 3rd quarter valued at $676,000. Sei Investments Co. boosted its stake in 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 acquiring an additional 27,237 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in First Advantage by 16.2% in 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 own 94.91% of the company’s stock.

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.