Brokerages Set First Advantage Co. (NYSE:FA) PT at $58.67

First Advantage Co. (NYSE:FA - Get Free Report) has earned a consensus rating of "Moderate Buy" from the nine ratings firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $58.67.

FA has been the subject of a number of research reports. William Blair reaffirmed an "outperform" rating on shares of First Advantage in a report on Friday, February 28th. Barclays decreased their price objective 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. Royal Bank of Canada reiterated an "outperform" rating and issued a $22.00 price objective on shares of First Advantage in a research note on Thursday, January 23rd. Finally, BMO Capital Markets decreased their target price on shares of First Advantage from $24.00 to $22.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd.

Institutional Investors Weigh In On First Advantage

A number of institutional investors have recently modified their holdings of FA. Barclays PLC grew 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 valued at $1,621,000 after purchasing an additional 29,752 shares during the period. FMR LLC increased its stake in First Advantage by 50.8% during the 3rd quarter. FMR LLC now owns 5,600,026 shares of the company's stock worth $111,161,000 after buying an additional 1,886,716 shares in the last quarter. Truist Financial Corp raised its holdings in shares of First Advantage by 37.4% during the fourth quarter. Truist Financial Corp now owns 19,095 shares of the company's stock valued at $358,000 after acquiring an additional 5,197 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of First Advantage by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,294,063 shares of the company's stock valued at $25,692,000 after acquiring an additional 9,718 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of First Advantage by 27.1% in the third quarter. Oppenheimer Asset Management Inc. now owns 16,688 shares of the company's stock worth $331,000 after acquiring an additional 3,561 shares during the last quarter. 94.91% of the stock is currently owned by institutional investors and hedge funds.

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First Advantage Stock Performance

FA traded down $0.44 on Wednesday, reaching $13.51. 1,255,232 shares of the stock were exchanged, compared to its average volume of 654,780. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick ratio of 3.85. The company's 50-day moving average price is $17.09 and its 200 day moving average price is $18.33. The firm has a market capitalization of $2.34 billion, a PE ratio of 450.33 and a beta of 1.21. First Advantage has a fifty-two week low of $12.55 and a fifty-two week high of $20.79.

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.