Brokerages Set First Advantage Co. (NYSE:FA) PT at $77.25

Shares of First Advantage Co. (NYSE:FA) have received an average rating of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $77.25.

A number of analysts have recently weighed in on the stock. Truist Financial lowered their price target on shares of First Advantage from $250.00 to $249.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Citigroup increased their price objective on shares of First Advantage from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th.

Hedge Funds Weigh In On First Advantage

Hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Research Global Investors raised its position in First Advantage by 9.4% during the 1st quarter. Capital Research Global Investors now owns 5,777,481 shares of the company’s stock worth $93,711,000 after buying an additional 496,898 shares during the last quarter. Cat Rock Capital Management LP raised its position in First Advantage by 10.0% during the 4th quarter. Cat Rock Capital Management LP now owns 3,325,859 shares of the company’s stock worth $55,109,000 after buying an additional 303,000 shares during the last quarter. Dimensional Fund Advisors LP raised its position in First Advantage by 8.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,131,188 shares of the company’s stock worth $50,314,000 after buying an additional 254,219 shares during the last quarter. Boston Partners raised its position in First Advantage by 155.3% during the 1st quarter. Boston Partners now owns 1,713,935 shares of the company’s stock worth $27,841,000 after buying an additional 1,042,473 shares during the last quarter. Finally, Sunriver Management LLC raised its position in First Advantage by 26.4% during the 4th quarter. Sunriver Management LLC now owns 1,151,665 shares of the company’s stock worth $19,083,000 after buying an additional 240,464 shares during the last quarter. 94.91% of the stock is owned by hedge funds and other institutional investors.

First Advantage Price Performance

NYSE:FA opened at $19.85 on Wednesday. First Advantage has a fifty-two week low of $12.46 and a fifty-two week high of $20.07. The stock has a market capitalization of $2.88 billion, a P/E ratio of 90.23 and a beta of 1.16. The company has a debt-to-equity ratio of 0.61, a quick ratio of 4.31 and a current ratio of 4.31. The company’s 50-day simple moving average is $18.44 and its 200-day simple moving average is $16.93.

First Advantage (NYSE:FA) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.21. First Advantage had a net margin of 3.24% and a return on equity of 13.94%. The business had revenue of $184.55 million for the quarter, compared to analysts’ expectations of $184.66 million. During the same period last year, the business earned $0.24 EPS. The company’s revenue was down .4% compared to the same quarter last year. On average, equities analysts anticipate that First Advantage will post 0.82 earnings per share for the current fiscal year.

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.