First Advantage (NYSE:FA) Given Hold Rating at Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of First Advantage (NYSE:FA) in a research report report published on Wednesday morning,Benzinga reports.

FA has been the topic of several other reports. Truist Financial reduced their price target on 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 target price on 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 restated an “outperform” rating on shares of First Advantage in a report on Wednesday. Finally, Wolfe Research downgraded shares of First Advantage from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, First Advantage presently has an average rating of “Moderate Buy” and an average target price of $77.25.

First Advantage Stock Down 3.0 %

Shares of FA opened at $18.02 on Wednesday. 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 fifty day moving average of $19.14 and a 200 day moving average of $17.61. The company has a market cap of $2.62 billion, a PE ratio of 600.67 and a beta of 1.18. First Advantage has a 52-week low of $13.79 and a 52-week high of $20.79.

First Advantage (NYSE:FA) last released its earnings results on Tuesday, November 12th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. The firm had revenue of $199.10 million during the quarter, compared to analyst estimates of $204.39 million. First Advantage had a net margin of 0.65% and a return on equity of 13.21%. The business’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the business earned $0.25 EPS. On average, sell-side analysts expect that First Advantage will post 0.82 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quarry LP lifted its holdings in First Advantage by 49.7% during the second quarter. Quarry LP now owns 2,607 shares of the company’s stock worth $42,000 after buying an additional 865 shares during the period. Intech Investment Management LLC purchased a new stake in shares of First Advantage during the 3rd quarter worth $250,000. Marshall Wace LLP bought a new stake in First Advantage during the second quarter valued at about $209,000. Oppenheimer Asset Management Inc. purchased a new position in First Advantage in the second quarter valued at about $211,000. Finally, Truist Financial Corp bought a new position in First Advantage in the second quarter worth about $234,000. 94.91% of the stock is currently 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.