First Advantage (NYSE:FA) Rating Lowered to Peer Perform at Wolfe Research

First Advantage (NYSE:FA - Get Free Report) was downgraded by stock analysts at Wolfe Research from an "outperform" rating to a "peer perform" rating in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports.

Several other equities research analysts also recently issued reports on FA. Truist Financial lowered their price objective on shares of First Advantage from $250.00 to $249.00 and set a "buy" rating on the stock in a research note on Monday, July 22nd. Citigroup raised their target price 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, First Advantage currently has an average rating of "Moderate Buy" and a consensus target price of $77.25.

First Advantage Stock Performance

FA stock traded down $0.34 during midday trading on Thursday, hitting $19.44. 270,054 shares of the company traded hands, compared to its average volume of 421,457. First Advantage has a twelve month low of $12.46 and a twelve month high of $20.07. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 0.61. The business has a 50 day simple moving average of $18.80 and a 200-day simple moving average of $17.10. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of 88.36 and a beta of 1.16.

First Advantage (NYSE:FA - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. First Advantage had a return on equity of 13.94% and a net margin of 3.24%. The company had revenue of $184.55 million for the quarter, compared to the consensus estimate of $184.66 million. During the same quarter last year, the company posted $0.24 earnings per share. The company's revenue for the quarter was down .4% compared to the same quarter last year. As a group, equities research analysts predict that First Advantage will post 0.82 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FA. Boston Partners increased its position in First Advantage by 155.3% in the first quarter. Boston Partners now owns 1,713,935 shares of the company's stock worth $27,841,000 after purchasing an additional 1,042,473 shares during the period. Fred Alger Management LLC bought a new position in shares of First Advantage during the 2nd quarter valued at about $12,906,000. Capital Research Global Investors lifted its holdings in shares of First Advantage by 9.4% during the 1st quarter. Capital Research Global Investors now owns 5,777,481 shares of the company's stock valued at $93,711,000 after purchasing an additional 496,898 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of First Advantage by 8.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,131,188 shares of the company's stock valued at $50,314,000 after purchasing an additional 254,219 shares in the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. lifted its holdings in shares of First Advantage by 24.6% during the 1st quarter. Leith Wheeler Investment Counsel Ltd. now owns 603,022 shares of the company's stock valued at $9,781,000 after purchasing an additional 119,100 shares in the last quarter. 94.91% of the stock is owned by institutional investors.

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.