First Advantage (NYSE:FA) Now Covered by Analysts at BMO Capital Markets

Investment analysts at BMO Capital Markets started coverage on shares of First Advantage (NYSE:FA - Get Free Report) in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The brokerage set an "outperform" rating and a $20.00 price target on the stock. BMO Capital Markets' target price would indicate a potential upside of 0.96% from the company's previous close.

Several other research firms also recently commented on FA. Citigroup boosted their price target on shares of First Advantage from $19.00 to $21.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 25th. William Blair reaffirmed an "outperform" rating on shares of First Advantage in a research report on Wednesday, November 13th. Wolfe Research downgraded First Advantage from an "outperform" rating to a "peer perform" rating in a research report on Thursday, October 10th. Barclays reiterated an "overweight" rating and issued a $22.00 price target on shares of First Advantage in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada began coverage on shares of First Advantage in a report on Friday, November 15th. They issued an "outperform" rating and a $22.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $53.29.

First Advantage Trading Up 0.8 %

First Advantage stock traded up $0.16 during trading on Wednesday, hitting $19.81. The company had a trading volume of 800,347 shares, compared to its average volume of 553,819. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 666.33 and a beta of 1.18. First Advantage has a 1-year low of $14.01 and a 1-year high of $20.79. The company's 50 day simple moving average is $18.97 and its 200-day simple moving average is $17.97.

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 the consensus estimate of $0.25 by $0.01. First Advantage had a return on equity of 13.16% and a net margin of 0.65%. The company had revenue of $199.10 million during the quarter, compared to the consensus estimate of $204.39 million. During the same period in the previous year, the company posted $0.25 EPS. First Advantage's revenue was down .6% compared to the same quarter last year. As a group, analysts expect that First Advantage will post 0.75 EPS for the current fiscal year.

Institutional Trading of First Advantage

Institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP raised its stake in shares of First Advantage by 49.7% during the 2nd quarter. Quarry LP now owns 2,607 shares of the company's stock worth $42,000 after buying an additional 865 shares in the last quarter. Intech Investment Management LLC purchased a new position in First Advantage in the third quarter worth $250,000. Marshall Wace LLP purchased a new stake in shares of First Advantage during the 2nd quarter worth $209,000. Oppenheimer Asset Management Inc. acquired a new position in shares of First Advantage during the 2nd quarter worth $211,000. Finally, Truist Financial Corp purchased a new position in shares of First Advantage in the 2nd quarter valued at about $234,000. Hedge funds and other 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.