First Advantage’s (FA) “Outperform” Rating Reiterated at William Blair

William Blair reaffirmed their outperform rating on shares of First Advantage (NYSE:FA) in a report released on Wednesday morning,RTT News reports.

FA has been the topic of several other research reports. Citigroup lifted 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. Wolfe Research cut shares of First Advantage from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. Finally, Truist Financial cut their price objective on First Advantage from $250.00 to $249.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.20.

First Advantage Trading Down 2.0 %

First Advantage stock opened at $17.50 on Wednesday. The company has a current ratio of 3.85, a quick ratio of 4.31 and a debt-to-equity ratio of 0.61. First Advantage has a 12-month low of $13.79 and a 12-month high of $20.79. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 583.33 and a beta of 1.18. The firm has a 50 day moving average of $19.08 and a 200 day moving average of $17.62.

First Advantage (NYSE:FA) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 13.16% and a net margin of 0.65%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.25 earnings per share. As a group, research analysts predict that First Advantage will post 0.82 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Quarry LP grew its position in 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 purchasing an additional 865 shares during the period. Intech Investment Management LLC purchased a new stake in shares of First Advantage in the third quarter worth about $250,000. Marshall Wace LLP acquired a new stake in First Advantage during the second quarter worth about $209,000. Oppenheimer Asset Management Inc. purchased a new position in First Advantage during the second quarter valued at approximately $211,000. Finally, Truist Financial Corp purchased a new stake in First Advantage in the 2nd quarter worth approximately $234,000. Hedge funds and other 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.