First Advantage (NYSE:FA) Given New $22.00 Price Target at BMO Capital Markets

First Advantage (NYSE:FA - Get Free Report) had its price target decreased by analysts at BMO Capital Markets from $24.00 to $22.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. BMO Capital Markets' price objective indicates a potential upside of 63.93% from the company's previous close.

Other analysts have also recently issued reports about the stock. William Blair restated an "outperform" rating on shares of First Advantage in a report on Friday, February 28th. Barclays decreased their target price on shares of First Advantage from $22.00 to $20.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. Needham & Company LLC reaffirmed a "hold" rating on shares of First Advantage in a research note on Wednesday, November 13th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $22.00 price objective on shares of First Advantage in a research report on Thursday, January 23rd. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.29.

First Advantage Stock Down 4.3 %

First Advantage stock traded down $0.61 during mid-day trading on Monday, hitting $13.42. The company's stock had a trading volume of 1,738,996 shares, compared to its average volume of 828,951. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick ratio of 3.85. First Advantage has a 52-week low of $13.20 and a 52-week high of $20.79. The firm's 50 day moving average is $18.28 and its 200 day moving average is $18.78. The company has a market cap of $2.32 billion, a PE ratio of 447.33 and a beta of 1.17.

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Institutional Investors Weigh In On First Advantage

A number of large investors have recently bought and sold shares of the business. Wellington Management Group LLP bought a new position in First Advantage during the fourth quarter valued at about $71,695,000. Capital World Investors lifted its holdings in First Advantage by 246.4% in the 4th quarter. Capital World Investors now owns 5,227,076 shares of the company's stock worth $97,903,000 after purchasing an additional 3,718,096 shares during the last quarter. American Century Companies Inc. boosted its position in First Advantage by 337.3% during the fourth quarter. American Century Companies Inc. now owns 3,584,054 shares of the company's stock worth $67,129,000 after purchasing an additional 2,764,534 shares during the period. FMR LLC grew its holdings in First Advantage by 49.1% during the fourth quarter. FMR LLC now owns 8,350,192 shares of the company's stock valued at $156,399,000 after purchasing an additional 2,750,166 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in First Advantage by 48.0% in the 4th quarter. Vanguard Group Inc. now owns 7,425,305 shares of the company's stock valued at $139,076,000 after buying an additional 2,409,233 shares during the last quarter. 94.91% of the stock is currently owned by institutional investors.

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.