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

Shares of First Advantage Co. (NYSE:FA) have earned a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $53.29.

Several research analysts have commented on FA shares. Needham & Company LLC restated a “hold” rating on shares of First Advantage in a research report on Wednesday, November 13th. Royal Bank of Canada initiated coverage on First Advantage in a report on Friday, November 15th. They set an “outperform” rating and a $22.00 price target for the company. Barclays reaffirmed an “overweight” rating and issued a $22.00 price objective on shares of First Advantage in a research note on Wednesday, November 20th. Citigroup increased their target price on shares of First Advantage from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Finally, Wolfe Research lowered shares of First Advantage from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FA. Quarry LP raised its position in shares of First Advantage by 49.7% during the second quarter. Quarry LP now owns 2,607 shares of the company’s stock worth $42,000 after acquiring an additional 865 shares during the last quarter. Marshall Wace LLP bought a new position in First Advantage during the 2nd quarter worth approximately $209,000. Oppenheimer Asset Management Inc. acquired a new position in shares of First Advantage in the 2nd quarter worth approximately $211,000. Truist Financial Corp bought a new stake in shares of First Advantage in the 2nd quarter valued at $234,000. Finally, Intech Investment Management LLC acquired a new stake in shares of First Advantage during the third quarter worth $250,000. 94.91% of the stock is owned by institutional investors and hedge funds.

First Advantage Price Performance

First Advantage stock opened at $17.91 on Friday. The firm has a market cap of $3.09 billion, a PE ratio of 597.00 and a beta of 1.17. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick ratio of 3.85. The stock’s fifty day moving average price is $18.75 and its two-hundred day moving average price is $18.31. First Advantage has a one year low of $14.01 and a one year high of $20.79.

First Advantage (NYSE:FA) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $204.39 million. During the same quarter in the previous year, the firm earned $0.25 earnings per share. First Advantage’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, research analysts expect that First Advantage will post 0.75 EPS for the current fiscal year.

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.