Wolfe Research Lowers First Advantage (NYSE:FA) to Peer Perform

First Advantage (NYSE:FA) was downgraded by stock analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a note issued to investors on Thursday, Marketbeat reports.

A number of other research analysts have also issued reports on FA. Truist Financial cut their price target on shares of First Advantage from $250.00 to $249.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Citigroup upped their price target on shares of First Advantage from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $77.25.

First Advantage Trading Up 1.6 %

NYSE FA opened at $19.76 on Thursday. 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 firm has a market cap of $2.87 billion, a PE ratio of 89.82 and a beta of 1.16. The company has a 50 day moving average price of $18.86 and a 200 day moving average price of $17.12. First Advantage has a 52 week low of $12.46 and a 52 week high of $20.07.

First Advantage (NYSE:FA) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. The firm had revenue of $184.55 million during the quarter, compared to analyst estimates of $184.66 million. First Advantage had a net margin of 3.24% and a return on equity of 13.94%. First Advantage’s revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.24 EPS. As a group, sell-side analysts forecast that First Advantage will post 0.82 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Quarry LP raised its holdings 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 purchasing an additional 865 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of First Advantage by 6.3% during the first quarter. Principal Financial Group Inc. now owns 24,336 shares of the company’s stock worth $395,000 after purchasing an additional 1,447 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in 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 buying an additional 2,163 shares during the period. Bank of New York Mellon Corp grew its position in First Advantage by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 258,265 shares of the company’s stock valued at $4,150,000 after buying an additional 2,326 shares during the period. Finally, Victory Capital Management Inc. grew its position in First Advantage by 8.0% during the second quarter. Victory Capital Management Inc. now owns 36,261 shares of the company’s stock valued at $583,000 after buying an additional 2,700 shares during the period. Hedge funds and other 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.