First Advantage Co. (NYSE:FA) Receives $53.29 Consensus Price Target from Analysts

Shares of First Advantage Co. (NYSE:FA) have been assigned an average recommendation of “Moderate Buy” from the ten analysts that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $53.29.

FA has been the topic of several analyst reports. William Blair reiterated an “outperform” rating on shares of First Advantage in a report on Wednesday, December 11th. Royal Bank of Canada initiated coverage on shares of First Advantage in a research report on Friday, November 15th. They issued an “outperform” rating and a $22.00 price objective for the company. Wolfe Research lowered First Advantage from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Needham & Company LLC restated a “hold” rating on shares of First Advantage in a report on Wednesday, November 13th. Finally, Barclays reiterated an “overweight” rating and set a $22.00 price objective on shares of First Advantage in a report on Wednesday, November 20th.

Institutional Investors Weigh In On First Advantage

A number of hedge funds and other institutional investors have recently bought and sold shares of FA. Dimensional Fund Advisors LP boosted its position in First Advantage by 8.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,131,188 shares of the company’s stock worth $50,314,000 after acquiring an additional 254,219 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of First Advantage in the third quarter worth $676,000. Barclays PLC lifted its position in shares of First Advantage by 57.3% in the third quarter. Barclays PLC now owns 81,669 shares of the company’s stock worth $1,621,000 after purchasing an additional 29,752 shares in the last quarter. FMR LLC boosted its holdings in First Advantage by 50.8% during the third quarter. FMR LLC now owns 5,600,026 shares of the company’s stock worth $111,161,000 after purchasing an additional 1,886,716 shares during the last quarter. Finally, Sei Investments Co. grew its position in First Advantage by 27.5% in the second quarter. Sei Investments Co. now owns 126,159 shares of the company’s stock valued at $2,027,000 after purchasing an additional 27,237 shares in the last quarter. Institutional investors and hedge funds own 94.91% of the company’s stock.

First Advantage Price Performance

Shares of First Advantage stock opened at $18.43 on Friday. The business has a fifty day simple moving average of $18.74 and a 200 day simple moving average of $18.28. The stock has a market cap of $3.18 billion, a PE ratio of 614.33 and a beta of 1.17. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. First Advantage has a 12 month low of $14.01 and a 12 month high of $20.79.

First Advantage (NYSE:FA) last posted its earnings results on Tuesday, November 12th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. The company had revenue of $199.10 million during the quarter, compared to analyst estimates of $204.39 million. First Advantage had a return on equity of 13.16% and a net margin of 0.65%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 EPS. Research analysts predict that First Advantage will post 0.75 EPS for the current year.

First Advantage Company Profile

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.