First Advantage (NYSE:FA) Receives Outperform Rating from William Blair

First Advantage (NYSE:FA - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities researchers at William Blair in a research report issued on Friday,RTT News reports.

Several other research analysts have also recently issued reports on FA. Needham & Company LLC reaffirmed a "hold" rating on shares of First Advantage in a report on Wednesday, November 13th. Barclays restated an "overweight" rating and issued a $22.00 price objective on shares of First Advantage in a report on Wednesday, November 20th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $22.00 price objective on shares of First Advantage in a research report on Thursday, January 23rd. Finally, BMO Capital Markets assumed coverage on First Advantage in a report on Wednesday, December 11th. They issued an "outperform" rating and a $20.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, First Advantage has a consensus rating of "Moderate Buy" and an average price target of $53.29.

First Advantage Stock Down 3.0 %

Shares of NYSE:FA traded down $0.43 on Friday, hitting $13.80. 1,979,171 shares of the company traded hands, compared to its average volume of 783,955. The stock has a 50 day simple moving average of $18.46 and a 200-day simple moving average of $18.84. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. The company has a market cap of $2.38 billion, a PE ratio of 460.00 and a beta of 1.17. First Advantage has a 52 week low of $13.77 and a 52 week high of $20.79.

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Institutional Trading of First Advantage

Several large investors have recently modified their holdings of FA. Allspring Global Investments Holdings LLC bought a new position in First Advantage in the third quarter valued at about $676,000. Emerald Advisers LLC lifted its stake in shares of First Advantage by 2.1% in the 3rd quarter. Emerald Advisers LLC now owns 1,183,050 shares of the company's stock worth $23,484,000 after purchasing an additional 24,217 shares during the period. BloombergSen Inc. purchased a new position in shares of First Advantage in the third quarter worth approximately $423,000. TimesSquare Capital Management LLC boosted its holdings in shares of First Advantage by 6.8% in the third quarter. TimesSquare Capital Management LLC now owns 89,830 shares of the company's stock worth $1,783,000 after buying an additional 5,730 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in First Advantage by 9.0% during the third quarter. Victory Capital Management Inc. now owns 39,510 shares of the company's stock valued at $784,000 after buying an additional 3,249 shares during the period. 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.