First Advantage's (FA) Overweight Rating Reaffirmed at Barclays

Barclays restated their overweight rating on shares of First Advantage (NYSE:FA - Free Report) in a research note released on Wednesday, Marketbeat reports. They currently have a $22.00 price target on the stock.

Several other brokerages have also commented on FA. Needham & Company LLC reissued a "hold" rating on shares of First Advantage in a research note on Wednesday, November 13th. William Blair reiterated an "outperform" rating on shares of First Advantage in a research note on Wednesday, November 13th. Royal Bank of Canada started coverage on shares of First Advantage in a report on Friday, November 15th. They issued an "outperform" rating and a $22.00 price objective for the company. Wolfe Research lowered shares of First Advantage from an "outperform" rating to a "peer perform" rating in a research note on Thursday, October 10th. Finally, 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 research report on Wednesday, September 25th. 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 currently has a consensus rating of "Moderate Buy" and an average price target of $58.83.

First Advantage Trading Up 3.6 %

Shares of FA stock traded up $0.64 on Wednesday, hitting $18.25. 974,561 shares of the stock traded hands, compared to its average volume of 521,491. The firm's 50-day moving average price is $19.02 and its two-hundred day moving average price is $17.65. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85. The stock has a market capitalization of $3.15 billion, a PE ratio of 587.00 and a beta of 1.18. First Advantage has a twelve month low of $13.88 and a twelve month high of $20.79.

First Advantage (NYSE:FA - Get Free Report) last posted its 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. The company had revenue of $199.10 million for the quarter, compared to analysts' expectations of $204.39 million. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. First Advantage's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.25 earnings per share. As a group, analysts anticipate that First Advantage will post 0.82 EPS for the current year.

Institutional Investors Weigh In On First Advantage

Several institutional investors have recently added to or reduced their stakes in the business. Quarry LP lifted its position in First Advantage by 49.7% during the second quarter. Quarry LP now owns 2,607 shares of the company's stock valued at $42,000 after buying an additional 865 shares during the period. Marshall Wace LLP purchased a new stake in First Advantage in the second quarter valued at about $209,000. Oppenheimer Asset Management Inc. acquired a new stake in First Advantage in the second quarter valued at approximately $211,000. Truist Financial Corp purchased a new position in shares of First Advantage in the second quarter valued at approximately $234,000. Finally, Intech Investment Management LLC acquired a new stake in shares of First Advantage in the third quarter valued at $250,000. 94.91% of the stock is owned by hedge funds and other institutional investors.

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.