Analysts Set First Advantage Co. (NYSE:FA) Price Target at $77.25

Shares of First Advantage Co. (NYSE:FA) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $66.20.

Several brokerages have recently issued reports on FA. Royal Bank of Canada began coverage on First Advantage in a research report on Friday. They set an “outperform” rating and a $22.00 price objective for the company. Citigroup upped their target price on First Advantage from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Truist Financial lowered their price target on First Advantage from $250.00 to $249.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Wolfe Research lowered First Advantage from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Finally, William Blair reissued an “outperform” rating on shares of First Advantage in a research note on Wednesday.

Hedge Funds Weigh In On First Advantage

A number of large investors have recently made changes to their positions in FA. FMR LLC grew its position in First Advantage by 50.8% during the third quarter. FMR LLC now owns 5,600,026 shares of the company’s stock valued at $111,161,000 after purchasing an additional 1,886,716 shares in the last quarter. Boston Partners increased its stake in shares of First Advantage by 155.3% in the first quarter. Boston Partners now owns 1,713,935 shares of the company’s stock worth $27,841,000 after acquiring an additional 1,042,473 shares during the last quarter. Fred Alger Management LLC purchased a new stake in shares of First Advantage during the second quarter worth $12,906,000. Capital Research Global Investors boosted its position in First Advantage by 9.4% during the first quarter. Capital Research Global Investors now owns 5,777,481 shares of the company’s stock valued at $93,711,000 after purchasing an additional 496,898 shares during the last quarter. Finally, Jennison Associates LLC purchased a new position in First Advantage in the third quarter valued at about $6,628,000. Institutional investors and hedge funds own 94.91% of the company’s stock.

First Advantage Stock Performance

Shares of FA stock opened at $17.50 on Thursday. The company has a quick ratio of 4.31, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. The business has a 50 day moving average of $19.08 and a two-hundred day moving average of $17.63. The company has a market cap of $3.02 billion, a P/E ratio of 583.33 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 posted its earnings results on Tuesday, November 12th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. First Advantage had a return on equity of 13.16% and a net margin of 0.65%. The company had revenue of $199.10 million for the quarter, compared to analysts’ expectations of $204.39 million. During the same period last year, the business posted $0.25 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. As a group, analysts anticipate that First Advantage will post 0.82 EPS for the current year.

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.