Brokerages Set First Advantage Co. (NYSE:FA) Price Target at $65.80

Shares of First Advantage Co. (NYSE:FA - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight brokerages that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $65.80.

FA has been the topic of several research analyst reports. BMO Capital Markets decreased their target price on shares of First Advantage from $24.00 to $22.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. William Blair restated an "outperform" rating on shares of First Advantage in a report on Friday, February 28th. Royal Bank of Canada reiterated an "outperform" rating and issued a $22.00 target price on shares of First Advantage in a report on Thursday, January 23rd. Finally, Barclays restated an "equal weight" rating and issued a $15.00 price objective (down from $20.00) on shares of First Advantage in a report on Thursday, April 10th.

First Advantage Trading Down 2.3 %

First Advantage stock traded down $0.32 during trading on Friday, hitting $13.47. The company's stock had a trading volume of 993,097 shares, compared to its average volume of 747,192. The stock's fifty day moving average is $15.16 and its 200 day moving average is $17.56. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85. First Advantage has a 1-year low of $12.32 and a 1-year high of $20.79. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 449.00 and a beta of 1.20.

Institutional Trading of First Advantage

Large investors have recently bought and sold shares of the company. Yarbrough Capital LLC purchased a new position in shares of First Advantage in the first quarter valued at $282,000. Rhumbline Advisers boosted its position in First Advantage by 10.8% in the 1st quarter. Rhumbline Advisers now owns 87,194 shares of the company's stock valued at $1,229,000 after buying an additional 8,498 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of First Advantage by 748.5% during the first quarter. GAMMA Investing LLC now owns 6,890 shares of the company's stock valued at $97,000 after acquiring an additional 6,078 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of First Advantage during the fourth quarter worth about $71,695,000. Finally, California State Teachers Retirement System lifted its stake in shares of First Advantage by 48.1% in the fourth quarter. California State Teachers Retirement System now owns 71,154 shares of the company's stock worth $1,333,000 after acquiring an additional 23,102 shares in the last quarter. Institutional investors and hedge funds own 94.91% of the company's stock.

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.