First Advantage (NYSE:FA) Price Target Lowered to $20.00 at Barclays

First Advantage (NYSE:FA - Free Report) had its target price cut by Barclays from $22.00 to $20.00 in a report released on Friday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities analysts also recently commented on the stock. BMO Capital Markets initiated coverage on shares of First Advantage in a report on Wednesday, December 11th. They issued an "outperform" rating and a $20.00 price objective for the company. Royal Bank of Canada reissued an "outperform" rating and issued a $22.00 target price on shares of First Advantage in a report on Thursday, January 23rd. William Blair restated an "outperform" rating on shares of First Advantage in a research note on Friday, February 28th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of First Advantage in a research report on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $53.29.

First Advantage Stock Performance

NYSE:FA traded down $0.61 during trading hours on Friday, reaching $13.42. 1,738,996 shares of the stock were exchanged, compared to its average volume of 828,951. The stock has a market capitalization of $2.32 billion, a P/E ratio of 447.33 and a beta of 1.17. The firm has a 50 day simple moving average of $18.28 and a 200-day simple moving average of $18.78. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. First Advantage has a 52 week low of $13.20 and a 52 week high of $20.79.

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Institutional Trading of First Advantage

Several large investors have recently added to or reduced their stakes in FA. Summit Investment Advisors Inc. raised its position in shares of First Advantage by 15.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company's stock worth $117,000 after buying an additional 832 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of First Advantage during the fourth quarter valued at approximately $132,000. Two Sigma Securities LLC bought a new stake in First Advantage during the fourth quarter worth approximately $188,000. Tower Research Capital LLC TRC lifted its position in First Advantage by 1,219.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,555 shares of the company's stock worth $198,000 after purchasing an additional 9,755 shares during the period. Finally, Pictet Asset Management Holding SA bought a new position in First Advantage during the 4th quarter valued at $210,000. 94.91% of the stock is currently owned by institutional investors and hedge funds.

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.