First Advantage’s (FA) “Outperform” Rating Reaffirmed at William Blair

William Blair restated their outperform rating on shares of First Advantage (NYSE:FA) in a research note released on Wednesday morning,RTT News reports.

Other equities research analysts also recently issued research reports about the company. Truist Financial cut their price objective on First Advantage from $250.00 to $249.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Citigroup upped their price target on shares of First Advantage from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Finally, Wolfe Research downgraded shares of First Advantage from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, First Advantage presently has a consensus rating of “Moderate Buy” and an average price target of $77.25.

First Advantage Trading Down 3.0 %

First Advantage stock opened at $18.02 on Wednesday. First Advantage has a 52-week low of $13.79 and a 52-week high of $20.79. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 600.67 and a beta of 1.18. The firm has a 50-day moving average price of $19.14 and a two-hundred day moving average price of $17.61.

First Advantage (NYSE:FA) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01. The business had revenue of $199.10 million during the quarter, compared to the consensus estimate of $204.39 million. First Advantage had a net margin of 0.65% and a return on equity of 13.21%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.25 earnings per share. Sell-side analysts expect that First Advantage will post 0.82 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Quarry LP grew its holdings in First Advantage by 49.7% during the second quarter. Quarry LP now owns 2,607 shares of the company’s stock valued at $42,000 after purchasing an additional 865 shares during the last quarter. Marshall Wace LLP bought a new position in First Advantage in the second quarter worth $209,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of First Advantage during the 2nd quarter valued at about $211,000. Truist Financial Corp acquired a new stake in First Advantage during the second quarter valued at approximately $234,000. Finally, Intech Investment Management LLC bought a new stake in First Advantage in the third quarter valued at $250,000. Institutional investors and hedge funds 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.