First Advantage (NYSE:FA) Downgraded by Zacks Investment Research

First Advantage (NYSE:FA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday, Zacks.com reports.

According to Zacks, “First Advantage Corporation is a provider of technology solutions for screening, verifications, safety and compliance related to human capital. The company operates principally in North America, Europe, Asia and the Middle East. First Advantage Corporation is headquartered in Atlanta, Georgia. “

FA has been the subject of several other reports. Barclays started coverage on First Advantage in a research note on Monday, July 19th. They issued an “overweight” rating and a $24.00 price target for the company. Royal Bank of Canada boosted their price target on First Advantage from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, August 13th. Evercore ISI started coverage on First Advantage in a research note on Monday, July 19th. They issued an “outperform” rating for the company. Stifel Nicolaus assumed coverage on First Advantage in a research note on Monday, July 19th. They issued a “buy” rating and a $24.00 price target for the company. Finally, Bank of America assumed coverage on First Advantage in a report on Monday, July 19th. They issued a “buy” rating and a $23.00 price objective for the company. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, First Advantage has a consensus rating of “Buy” and a consensus price target of $24.44.

FA stock traded down $0.09 during mid-day trading on Wednesday, reaching $20.76. The company had a trading volume of 94,383 shares, compared to its average volume of 491,866. The company has a quick ratio of 4.04, a current ratio of 4.04 and a debt-to-equity ratio of 0.50. The stock’s 50 day moving average is $21.84. First Advantage has a 52 week low of $17.58 and a 52 week high of $24.73.

First Advantage (NYSE:FA) last issued its earnings results on Wednesday, August 11th. The company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.09. The business had revenue of $174.83 million for the quarter, compared to the consensus estimate of $152.90 million. On average, equities research analysts anticipate that First Advantage will post 0.74 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC bought a new stake in shares of First Advantage during the 2nd quarter valued at about $42,000. Morgan Stanley bought a new stake in shares of First Advantage during the 2nd quarter valued at about $96,000. Boothbay Fund Management LLC bought a new stake in shares of First Advantage during the 2nd quarter valued at about $218,000. Laurion Capital Management LP bought a new stake in shares of First Advantage during the 2nd quarter valued at about $239,000. Finally, Maven Securities LTD bought a new stake in shares of First Advantage during the 2nd quarter valued at about $255,000. Institutional investors own 92.17% of the company’s stock.

About First Advantage

First Advantage Corporation provides technology solutions for screening, verifications, safety, and compliance related to human capital worldwide. The company 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 screening products.

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Analyst Recommendations for First Advantage (NYSE:FA)

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