Needham & Company LLC Reiterates Hold Rating for First Advantage (NYSE:FA)

First Advantage (NYSE:FA - Get Free Report)'s stock had its "hold" rating reaffirmed by equities research analysts at Needham & Company LLC in a report issued on Monday,Benzinga reports.

Other equities analysts have also recently issued reports about the company. Barclays lifted their target price on First Advantage from $15.00 to $18.00 and gave the stock an "equal weight" rating in a report on Thursday, May 29th. BMO Capital Markets dropped 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. Royal Bank of Canada downgraded shares of First Advantage from an "outperform" rating to a "sector perform" rating and set a $20.00 price target for the company. in a research report on Friday, May 9th. Finally, William Blair reiterated an "outperform" rating on shares of First Advantage in a report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $66.00.

First Advantage Price Performance

Shares of First Advantage stock traded up $0.06 during trading on Monday, hitting $18.26. The stock had a trading volume of 372,252 shares, compared to its average volume of 842,685. The business has a fifty day moving average of $15.53 and a two-hundred day moving average of $16.94. First Advantage has a fifty-two week low of $12.32 and a fifty-two week high of $20.79. The firm has a market cap of $3.17 billion, a P/E ratio of 608.67 and a beta of 1.27. 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 (NYSE:FA - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.17 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the firm earned $0.17 EPS. The company's revenue for the quarter was up 109.3% compared to the same quarter last year. On average, sell-side analysts expect that First Advantage will post 0.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On First Advantage

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Summit Investment Advisors Inc. boosted its holdings 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 in the last quarter. Advisory Research Inc. grew its holdings 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 worth $3,979,000 after purchasing an additional 1,216 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of 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 buying an additional 1,471 shares in the last quarter. Signaturefd LLC acquired a new position in shares of First Advantage during the first quarter worth approximately $30,000. Finally, Corebridge Financial Inc. increased its stake in shares of First Advantage by 9.6% in the 4th quarter. Corebridge Financial Inc. now owns 29,784 shares of the company's stock valued at $558,000 after buying an additional 2,607 shares during the period. 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.