Barclays Reaffirms Equal Weight Rating for First Advantage (NYSE:FA)

First Advantage (NYSE:FA - Get Free Report)'s stock had its "equal weight" rating reaffirmed by stock analysts at Barclays in a report issued on Thursday, Marketbeat Ratings reports. They presently have a $15.00 price objective on the stock, down from their previous price objective of $20.00. Barclays's price objective suggests a potential upside of 8.54% from the company's previous close.

Other equities research analysts have also issued research reports about the stock. BMO Capital Markets dropped their price objective on shares of First Advantage from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. William Blair restated an "outperform" rating on shares of First Advantage in a research report on Friday, February 28th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $22.00 target price on shares of First Advantage in a research report on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, First Advantage presently has a consensus rating of "Moderate Buy" and a consensus target price of $65.80.

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First Advantage Stock Performance

First Advantage stock traded down $1.19 during mid-day trading on Thursday, reaching $13.82. The company's stock had a trading volume of 890,741 shares, compared to its average volume of 1,066,562. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61. First Advantage has a twelve month low of $12.32 and a twelve month high of $20.79. The business has a 50 day moving average price of $15.49 and a 200-day moving average price of $17.65. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 460.67 and a beta of 1.20.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Yarbrough Capital LLC acquired a new position in First Advantage during the 1st quarter valued at about $282,000. Rhumbline Advisers increased its stake in shares of First Advantage by 10.8% during the first quarter. Rhumbline Advisers now owns 87,194 shares of the company's stock valued at $1,229,000 after acquiring an additional 8,498 shares during the period. GAMMA Investing LLC raised its holdings in First Advantage by 748.5% during the first quarter. GAMMA Investing LLC now owns 6,890 shares of the company's stock worth $97,000 after purchasing an additional 6,078 shares in the last quarter. Wellington Management Group LLP acquired a new stake in First Advantage in the fourth quarter worth approximately $71,695,000. Finally, California State Teachers Retirement System boosted its stake in First Advantage by 48.1% during the 4th quarter. California State Teachers Retirement System now owns 71,154 shares of the company's stock valued at $1,333,000 after purchasing an additional 23,102 shares in the last quarter. Institutional investors own 94.91% of the company's stock.

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.