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

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

A number of other equities analysts also recently issued reports on FA. Royal Bank of Canada downgraded First Advantage from an "outperform" rating to a "sector perform" rating and set a $20.00 price target for the company. in a research note on Friday, May 9th. William Blair reaffirmed an "outperform" rating on shares of First Advantage in a research report on Friday, February 28th. Finally, BMO Capital Markets decreased their price target on First Advantage from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $66.00.

First Advantage Stock Up 1.6%

Shares of NYSE FA traded up $0.28 during midday trading on Thursday, hitting $17.40. 1,204,263 shares of the stock traded hands, compared to its average volume of 840,620. First Advantage has a one year low of $12.32 and a one year high of $20.79. The business has a 50 day moving average price of $15.30 and a two-hundred day moving average price of $16.92. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85. The company has a market cap of $3.02 billion, a PE ratio of 580.00 and a beta of 1.20.

First Advantage (NYSE:FA - Get Free Report) last announced 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 net margin of 0.65% and a return on equity of 13.16%. During the same quarter last year, the firm posted $0.17 earnings per share. The firm's revenue for the quarter was up 109.3% on a year-over-year basis. On average, equities analysts predict that First Advantage will post 0.74 EPS for the current year.

Institutional Trading of First Advantage

A number of institutional investors and hedge funds have recently modified their holdings of FA. Rhumbline Advisers grew its stake in First Advantage by 10.8% in the 1st quarter. Rhumbline Advisers now owns 87,194 shares of the company's stock valued at $1,229,000 after purchasing an additional 8,498 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in First Advantage by 7.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 239,233 shares of the company's stock valued at $3,371,000 after buying an additional 16,664 shares during the period. Fred Alger Management LLC grew its position in First Advantage by 10.4% during the first quarter. Fred Alger Management LLC now owns 1,289,173 shares of the company's stock valued at $18,164,000 after buying an additional 121,687 shares during the period. Petrus Trust Company LTA increased its holdings in First Advantage by 124.5% during the first quarter. Petrus Trust Company LTA now owns 35,849 shares of the company's stock worth $505,000 after buying an additional 19,880 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 worth $501,000 after acquiring an additional 1,471 shares during the period. 94.91% of the stock is owned by hedge funds and other institutional investors.

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.