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

First Advantage Co. (NYSE:FA - Get Free Report) has received an average recommendation of "Hold" from the seven analysts that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $20.25.

FA has been the topic of a number of recent research reports. Royal Bank Of Canada cut shares of First Advantage from an "outperform" rating to a "sector perform" rating and set a $20.00 price target on the stock. 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. Finally, Barclays boosted their target price on shares of First Advantage from $15.00 to $18.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 29th.

Institutional Trading of First Advantage

Several institutional investors have recently added to or reduced their stakes in FA. Summit Investment Advisors Inc. increased its stake in First Advantage by 15.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company's stock valued at $117,000 after purchasing an additional 832 shares during the last quarter. Advisory Research Inc. increased its stake in 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in First Advantage by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,567 shares of the company's stock valued at $501,000 after purchasing an additional 1,471 shares during the last quarter. Signaturefd LLC bought a new stake in First Advantage during the first quarter valued at $30,000. Finally, Corebridge Financial Inc. increased its stake in First Advantage by 9.6% during the fourth quarter. Corebridge Financial Inc. now owns 29,784 shares of the company's stock valued at $558,000 after purchasing an additional 2,607 shares during the last quarter. 94.91% of the stock is owned by institutional investors and hedge funds.

First Advantage Price Performance

FA traded up $0.08 during midday trading on Tuesday, reaching $18.34. 338,634 shares of the company's stock were exchanged, compared to its average volume of 1,086,578. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick ratio of 3.85. The stock has a market capitalization of $3.18 billion, a PE ratio of 610.73 and a beta of 1.24. The business's 50-day moving average price is $17.44 and its 200 day moving average price is $16.54. First Advantage has a 1-year low of $12.32 and a 1-year high of $20.79.

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 analysts' consensus estimates of $0.13 by $0.04. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. During the same quarter in the previous year, the company earned $0.17 earnings per share. The company's revenue for the quarter was up 109.3% on a year-over-year basis. As a group, equities analysts anticipate that First Advantage will post 0.74 EPS for the current fiscal year.

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.