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

Wolfe Research downgraded shares of First Advantage (NYSE:FA) from an outperform rating to a peer perform rating in a research note published on Thursday, Marketbeat Ratings reports.

A number of other research firms also recently weighed in on FA. Truist Financial decreased their target price on shares of First Advantage from $250.00 to $249.00 and set a buy rating for the company in a research report on Monday, July 22nd. Citigroup raised their price objective on First Advantage from $19.00 to $21.00 and gave the company a neutral rating in a report on Wednesday, September 25th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $77.25.

First Advantage Stock Performance

FA opened at $19.76 on Thursday. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 89.82 and a beta of 1.16. The business’s 50-day moving average price is $18.86 and its two-hundred day moving average price is $17.14. First Advantage has a 1 year low of $12.46 and a 1 year high of $20.07. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.31 and a quick ratio of 4.31.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Quarry LP increased its holdings 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 acquiring an additional 865 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of First Advantage in the second quarter valued at $209,000. Oppenheimer Asset Management Inc. bought a new position in shares of First Advantage in the second quarter valued at about $211,000. Truist Financial Corp acquired a new stake in shares of First Advantage during the 2nd quarter worth about $234,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of First Advantage by 16.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,478 shares of the company’s stock worth $252,000 after buying an additional 2,163 shares during the period. 94.91% of the stock is currently owned by institutional investors and hedge funds.

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.