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

Shares of First Advantage Co. (NYSE:FA) have received an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $77.25.

Several analysts have recently issued reports on FA shares. Citigroup upped their target price on shares of First Advantage from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Truist Financial reduced their target price on First Advantage from $250.00 to $249.00 and set a “buy” rating for the company in a report on Monday, July 22nd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP boosted its stake in shares of First Advantage by 49.7% during the second quarter. Quarry LP now owns 2,607 shares of the company’s stock valued at $42,000 after purchasing an additional 865 shares during the period. Marshall Wace LLP purchased a new position in shares of First Advantage during the second quarter worth approximately $209,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of First Advantage in the second quarter valued at approximately $211,000. Truist Financial Corp bought a new position in First Advantage in the second quarter worth approximately $234,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in First Advantage by 16.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,478 shares of the company’s stock worth $252,000 after purchasing an additional 2,163 shares during the period. 94.91% of the stock is owned by hedge funds and other institutional investors.

First Advantage Price Performance

First Advantage stock opened at $19.73 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.31 and a quick ratio of 4.31. First Advantage has a one year low of $12.46 and a one year high of $20.07. The firm has a market cap of $2.86 billion, a PE ratio of 89.68 and a beta of 1.16. The stock’s fifty day moving average price is $18.33 and its two-hundred day moving average price is $16.87.

First Advantage (NYSE:FA) last posted its earnings results on Thursday, August 8th. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. The business had revenue of $184.55 million for the quarter, compared to the consensus estimate of $184.66 million. First Advantage had a net margin of 3.24% and a return on equity of 13.94%. The firm’s revenue was down .4% compared to the same quarter last year. During the same period last year, the company earned $0.24 EPS. As a group, research analysts expect that First Advantage will post 0.82 EPS for the current fiscal 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.