First Advantage Co. (NYSE:FA) Receives $64.20 Average PT from Analysts

First Advantage Co. (NYSE:FA) has received an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat reports. Two investment 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 analysts that have covered the stock in the last year is $64.20.

Several research firms have recently issued reports on FA. Truist Financial decreased their price target on First Advantage from $250.00 to $249.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Needham & Company LLC reissued a “hold” rating on shares of First Advantage in a research report on Monday, May 13th. Finally, William Blair assumed coverage on shares of First Advantage in a research note on Tuesday, April 23rd. They issued an “outperform” rating for the company.

Insider Activity

In related news, insider Joseph K. Jaeger sold 7,331 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $16.08, for a total transaction of $117,882.48. Following the completion of the transaction, the insider now directly owns 688,967 shares in the company, valued at approximately $11,078,589.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other First Advantage news, Director James Lindsey Clark sold 2,100 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $15.48, for a total value of $32,508.00. Following the completion of the transaction, the director now owns 42,927 shares of the company’s stock, valued at approximately $664,509.96. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Joseph K. Jaeger sold 7,331 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $16.08, for a total transaction of $117,882.48. Following the completion of the sale, the insider now owns 688,967 shares of the company’s stock, valued at approximately $11,078,589.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,034 shares of company stock valued at $241,439. 5.30% of the stock is owned by company insiders.

Institutional Trading of First Advantage

A number of hedge funds and other institutional investors have recently modified their holdings of FA. Principal Financial Group Inc. boosted its holdings in First Advantage by 10.2% in the second quarter. Principal Financial Group Inc. now owns 26,827 shares of the company’s stock valued at $431,000 after acquiring an additional 2,491 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in First Advantage by 38.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,948 shares of the company’s stock valued at $256,000 after purchasing an additional 4,414 shares during the period. Leith Wheeler Investment Counsel Ltd. boosted its stake in shares of First Advantage by 0.8% in the 2nd quarter. Leith Wheeler Investment Counsel Ltd. now owns 607,972 shares of the company’s stock valued at $9,770,000 after purchasing an additional 4,950 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of First Advantage by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 258,265 shares of the company’s stock worth $4,150,000 after buying an additional 2,326 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of First Advantage during the second quarter worth approximately $378,000. Institutional investors and hedge funds own 94.91% of the company’s stock.

First Advantage Price Performance

NYSE FA opened at $17.22 on Friday. The company has a 50 day moving average price of $16.36 and a two-hundred day moving average price of $16.27. First Advantage has a 12-month low of $12.46 and a 12-month high of $17.49. The stock has a market capitalization of $2.50 billion, a PE ratio of 78.27, a price-to-earnings-growth ratio of 3.29 and a beta of 1.14. The company has a quick ratio of 4.29, a current ratio of 4.29 and a debt-to-equity ratio of 0.62.

First Advantage (NYSE:FA) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. The business had revenue of $169.40 million during the quarter, compared to analyst estimates of $167.91 million. First Advantage had a net margin of 4.28% and a return on equity of 14.12%. First Advantage’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.19 EPS. As a group, equities analysts predict that First Advantage will post 0.83 earnings per share for the current fiscal year.

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.