Analysts Set First Advantage Co. (NYSE:FA) Price Target at $58.67

First Advantage Co. (NYSE:FA) has earned an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $66.80.

Several equities analysts have recently commented on FA shares. Royal Bank of Canada restated an “outperform” rating and set a $22.00 price target on shares of First Advantage in a research report on Thursday, January 23rd. BMO Capital Markets dropped their price target on shares of First Advantage from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. William Blair reaffirmed an “outperform” rating on shares of First Advantage in a report on Friday, February 28th. Finally, Barclays decreased their price objective on First Advantage from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, February 28th.

Institutional Investors Weigh In On First Advantage

A number of institutional investors have recently added to or reduced their stakes in FA. Barclays PLC raised its stake in shares of First Advantage by 57.3% in the 3rd quarter. Barclays PLC now owns 81,669 shares of the company’s stock worth $1,621,000 after buying an additional 29,752 shares in the last quarter. FMR LLC raised its position in First Advantage by 50.8% in the third quarter. FMR LLC now owns 5,600,026 shares of the company’s stock worth $111,161,000 after acquiring an additional 1,886,716 shares in the last quarter. Truist Financial Corp lifted its holdings in First Advantage by 37.4% in the 4th quarter. Truist Financial Corp now owns 19,095 shares of the company’s stock valued at $358,000 after acquiring an additional 5,197 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of First Advantage by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,294,063 shares of the company’s stock valued at $25,692,000 after purchasing an additional 9,718 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of First Advantage by 27.1% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 16,688 shares of the company’s stock worth $331,000 after purchasing an additional 3,561 shares during the last quarter. 94.91% of the stock is currently owned by institutional investors and hedge funds.

First Advantage Trading Up 0.1 %

NYSE:FA opened at $14.01 on Wednesday. First Advantage has a 12-month low of $12.55 and a 12-month high of $20.79. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick ratio of 3.85. The business has a 50 day simple moving average of $16.95 and a 200 day simple moving average of $18.25. The firm has a market capitalization of $2.43 billion, a P/E ratio of 467.00 and a beta of 1.21.

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.