First Advantage Co. (NYSE:FA) Given Consensus Rating of "Hold" by Brokerages

First Advantage Co. (NYSE:FA - Get Free Report) has been given an average rating of "Hold" by the eight brokerages that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $66.00.

Several research analysts recently issued reports on the company. Royal Bank Of Canada lowered First Advantage from an "outperform" rating to a "sector perform" rating and set a $20.00 target price for the company. in a research report on Friday, May 9th. Needham & Company LLC reissued a "hold" rating on shares of First Advantage in a research report on Monday, June 2nd. Barclays lifted their price objective on First Advantage from $15.00 to $18.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 29th. William Blair reissued an "outperform" rating on shares of First Advantage in a research report on Friday, February 28th. Finally, BMO Capital Markets lowered their price objective on First Advantage from $24.00 to $22.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd.

First Advantage Stock Down 0.6%

Shares of FA opened at $16.43 on Friday. First Advantage has a 52 week low of $12.32 and a 52 week high of $20.79. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 547.67 and a beta of 1.27. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85. The stock has a fifty day moving average of $16.66 and a 200-day moving average of $16.76.

First Advantage (NYSE:FA - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. First Advantage had a return on equity of 13.16% and a net margin of 0.65%. The business's quarterly revenue was up 109.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.17 earnings per share. As a group, sell-side analysts anticipate that First Advantage will post 0.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC bought a new stake in First Advantage during the 1st quarter worth approximately $30,000. Cornerstone Planning Group LLC bought a new stake in First Advantage during the 1st quarter worth approximately $63,000. Summit Investment Advisors Inc. increased its holdings in First Advantage by 15.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company's stock worth $117,000 after purchasing an additional 832 shares in the last quarter. GAMMA Investing LLC increased its holdings in First Advantage by 748.5% during the 1st quarter. GAMMA Investing LLC now owns 6,890 shares of the company's stock worth $97,000 after purchasing an additional 6,078 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in First Advantage during the 4th quarter worth approximately $132,000. 94.91% of the stock is owned by institutional investors and hedge funds.

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.

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