First Advantage Co. (NYSE:FA) Receives $65.80 Consensus Price Target from Analysts

First Advantage Co. (NYSE:FA - Get Free Report) has earned an average recommendation of "Hold" from the eight ratings firms that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $65.40.

Several research analysts have weighed in on FA shares. Barclays reaffirmed an "equal weight" rating and set a $15.00 target price (down previously from $20.00) on shares of First Advantage in a research note on Thursday, April 10th. Royal Bank of Canada cut First Advantage from an "outperform" rating to a "sector perform" rating and set a $20.00 price objective for the company. in a research note on Friday. William Blair reaffirmed an "outperform" rating on shares of First Advantage in a research report on Friday, February 28th. Finally, BMO Capital Markets cut their price target on shares of First Advantage from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd.

First Advantage Trading Down 0.5%

NYSE:FA traded down $0.09 on Thursday, hitting $18.23. The stock had a trading volume of 177,823 shares, compared to its average volume of 1,094,580. The company has a fifty day moving average price of $14.14 and a two-hundred day moving average price of $16.98. First Advantage has a 1-year low of $12.32 and a 1-year high of $20.79. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 607.67 and a beta of 1.20.

First Advantage (NYSE:FA - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.17 earnings per share 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%. During the same period last year, the business earned $0.17 earnings per share. The firm's revenue for the quarter was up 109.3% on a year-over-year basis. Equities research analysts expect that First Advantage will post 0.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On First Advantage

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Summit Investment Advisors Inc. increased its holdings in First Advantage by 15.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company's stock valued at $117,000 after buying an additional 832 shares during the last quarter. Advisory Research Inc. boosted its position in shares of First Advantage by 0.6% during the 4th quarter. Advisory Research Inc. now owns 212,446 shares of the company's stock worth $3,979,000 after acquiring an additional 1,216 shares in the last quarter. Signaturefd LLC purchased a new position in shares of First Advantage in the 1st quarter valued at about $30,000. Corebridge Financial Inc. raised its position in shares of First Advantage by 9.6% during the 4th quarter. Corebridge Financial Inc. now owns 29,784 shares of the company's stock worth $558,000 after acquiring an additional 2,607 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in First Advantage by 17.6% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 19,626 shares of the company's stock worth $368,000 after purchasing an additional 2,938 shares during the last quarter. Hedge funds and other institutional investors 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.