First Advantage (NYSE:FA) Price Target Raised to $18.00

First Advantage (NYSE:FA - Free Report) had its price objective lifted by Barclays from $15.00 to $18.00 in a research report report published on Thursday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other brokerages also recently weighed in on FA. William Blair reiterated an "outperform" rating on shares of First Advantage in a research note on Friday, February 28th. BMO Capital Markets cut 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 note on Monday, March 3rd. Finally, Royal Bank of Canada cut shares of 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. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $66.00.

First Advantage Stock Up 0.1%

Shares of First Advantage stock traded up $0.02 during trading on Thursday, reaching $17.05. The company's stock had a trading volume of 1,016,079 shares, compared to its average volume of 836,122. 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 company has a market cap of $2.96 billion, a price-to-earnings ratio of 568.33 and a beta of 1.20. First Advantage has a 1-year low of $12.32 and a 1-year high of $20.79. The company has a 50-day simple moving average of $15.30 and a two-hundred day simple moving average of $16.93.

First Advantage (NYSE:FA - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.17 earnings per share 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%. During the same quarter last year, the company posted $0.17 earnings per share. First Advantage's revenue for the quarter was up 109.3% on a year-over-year basis. As a group, equities analysts forecast that First Advantage will post 0.74 earnings per share for the current year.

Institutional Investors Weigh In On First Advantage

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC bought a new position in shares of First Advantage during the 1st quarter valued at $30,000. Cornerstone Planning Group LLC acquired a new stake in shares of First Advantage during the 1st quarter valued at about $63,000. Summit Investment Advisors Inc. boosted its position in shares of First Advantage by 15.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company's stock valued at $117,000 after acquiring an additional 832 shares in the last quarter. GAMMA Investing LLC lifted 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 valued at $97,000 after purchasing an additional 6,078 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new position in First Advantage during the 4th quarter valued at about $132,000. Hedge funds and other institutional investors own 94.91% of the company's stock.

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.