First Advantage Co. (NYSE:FA) Given Average Rating of “Hold” by Brokerages

Shares of First Advantage Co. (NYSE:FA) have been given a consensus rating of “Hold” by the eight brokerages that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $65.40.

Several equities research analysts have recently weighed in on the company. William Blair restated an “outperform” rating on shares of First Advantage in a research note on Friday, February 28th. Barclays restated an “equal weight” rating and issued a $15.00 price target (down from $20.00) on shares of First Advantage in a research report on Thursday, April 10th. Royal Bank of Canada downgraded shares of First Advantage from an “outperform” rating to a “sector perform” rating and set a $20.00 price objective on the stock. in a report on Friday, May 9th. Finally, BMO Capital Markets reduced their target price on shares of First Advantage from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd.

First Advantage Trading Up 0.3%

Shares of NYSE:FA opened at $17.88 on Thursday. 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 stock’s 50-day moving average is $14.32 and its 200-day moving average is $16.99. The company has a market cap of $3.10 billion, a P/E ratio of 596.00 and a beta of 1.20. First Advantage has a 52-week low of $12.32 and a 52-week high of $20.79.

First Advantage (NYSE:FA) last released its earnings results on Thursday, May 8th. The company reported $0.17 earnings per share (EPS) 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%. First Advantage’s revenue was up 109.3% on a year-over-year basis. During the same period last year, the company posted $0.17 EPS. Equities research analysts predict that First Advantage will post 0.74 earnings per share for the current year.

Institutional Investors Weigh In On First Advantage

Several institutional investors and hedge funds have recently bought and sold shares of FA. Sunriver Management LLC increased its stake in First Advantage by 49.2% in the first quarter. Sunriver Management LLC now owns 3,420,507 shares of the company’s stock valued at $48,195,000 after acquiring an additional 1,128,272 shares during the period. Advantage Alpha Capital Partners LP grew its stake in shares of First Advantage by 45.4% in the 1st quarter. Advantage Alpha Capital Partners LP now owns 391,349 shares of the company’s stock valued at $5,514,000 after purchasing an additional 122,253 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of First Advantage by 200.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,409,427 shares of the company’s stock worth $62,130,000 after buying an additional 2,940,155 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of First Advantage by 139.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,168,792 shares of the company’s stock worth $30,559,000 after buying an additional 1,262,787 shares during the period. Finally, Boston Partners boosted its stake in First Advantage by 9.8% in the 1st quarter. Boston Partners now owns 2,421,573 shares of the company’s stock valued at $33,954,000 after buying an additional 216,282 shares in the last quarter. 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.