First Advantage's (FA) "Outperform" Rating Reaffirmed at William Blair

First Advantage (NYSE:FA - Get Free Report)'s stock had its "outperform" rating reissued by analysts at William Blair in a research note issued on Wednesday,RTT News reports.

FA has been the subject of several other reports. Wolfe Research downgraded First Advantage from an "outperform" rating to a "peer perform" rating in a research report on Thursday, October 10th. Truist Financial dropped their price objective on First Advantage from $250.00 to $249.00 and set a "buy" rating for the company in a research report on Monday, July 22nd. Finally, Citigroup upped their price objective on First Advantage from $19.00 to $21.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 25th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $77.25.

First Advantage Stock Down 3.0 %

Shares of NYSE:FA traded down $0.56 during trading on Wednesday, hitting $18.02. 1,686,360 shares of the company were exchanged, compared to its average volume of 509,924. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.61. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 604.67 and a beta of 1.18. First Advantage has a fifty-two week low of $13.79 and a fifty-two week high of $20.79. The firm has a fifty day moving average price of $19.15 and a two-hundred day moving average price of $17.61.

First Advantage (NYSE:FA - Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.01. The firm had revenue of $199.10 million during the quarter, compared to the consensus estimate of $204.39 million. First Advantage had a return on equity of 13.21% and a net margin of 0.65%. The company's revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.25 EPS. As a group, research analysts anticipate that First Advantage will post 0.82 earnings per share for the current fiscal year.

Hedge Funds Weigh In On First Advantage

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. 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 purchasing an additional 865 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in First Advantage by 16.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,478 shares of the company's stock valued at $252,000 after purchasing an additional 2,163 shares during the last quarter. Bank of New York Mellon Corp lifted its position in First Advantage by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 258,265 shares of the company's stock valued at $4,150,000 after purchasing an additional 2,326 shares during the last quarter. Principal Financial Group Inc. lifted its position in First Advantage by 10.2% during the second quarter. Principal Financial Group Inc. now owns 26,827 shares of the company's stock valued at $431,000 after purchasing an additional 2,491 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in First Advantage by 8.0% during the second quarter. Victory Capital Management Inc. now owns 36,261 shares of the company's stock valued at $583,000 after purchasing an additional 2,700 shares during the last quarter. Institutional investors own 94.91% of the company's stock.

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.