First Advantage Co. (NYSE:FA) Given Average Recommendation of "Hold" by Brokerages

First Advantage Co. (NYSE:FA - Get Free Report) has been assigned a consensus rating of "Hold" from the eight ratings firms that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $66.00.

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

Institutional Trading of First Advantage

Hedge funds have recently bought and sold shares of the stock. Summit Investment Advisors Inc. raised its position in First Advantage by 15.3% in 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 during the period. Advisory Research Inc. boosted its stake in shares of First Advantage by 0.6% during the fourth quarter. Advisory Research Inc. now owns 212,446 shares of the company's stock valued at $3,979,000 after purchasing an additional 1,216 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in First Advantage by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,567 shares of the company's stock valued at $501,000 after acquiring an additional 1,471 shares in the last quarter. Signaturefd LLC acquired a new stake in First Advantage in the first quarter valued at approximately $30,000. Finally, Corebridge Financial Inc. boosted its stake in First Advantage by 9.6% in the fourth quarter. Corebridge Financial Inc. now owns 29,784 shares of the company's stock valued at $558,000 after acquiring an additional 2,607 shares in the last quarter. Hedge funds and other institutional investors own 94.91% of the company's stock.

First Advantage Trading Down 0.4%

NYSE FA traded down $0.07 during trading on Monday, hitting $18.13. 808,060 shares of the company's stock traded hands, compared to its average volume of 846,771. The stock has a fifty day moving average of $15.61 and a two-hundred day moving average of $16.94. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick ratio of 3.85. First Advantage has a 12-month low of $12.32 and a 12-month high of $20.79. The firm has a market cap of $3.15 billion, a P/E ratio of 604.33 and a beta of 1.27.

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