Barclays Reaffirms Overweight Rating for First Advantage (NYSE:FA)

First Advantage (NYSE:FA)‘s stock had its “overweight” rating restated by analysts at Barclays in a report released on Wednesday,Benzinga reports. They presently have a $22.00 price objective on the stock. Barclays‘s price target indicates a potential upside of 24.93% from the company’s current price.

Several other research firms also recently issued reports on FA. Wolfe Research downgraded First Advantage from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. Royal Bank of Canada initiated coverage on shares of First Advantage in a report on Friday, November 15th. They issued an “outperform” rating and a $22.00 target price on the stock. Needham & Company LLC reissued a “hold” rating on shares of First Advantage in a research report on Wednesday, November 13th. William Blair reaffirmed an “outperform” rating on shares of First Advantage in a report on Wednesday, November 13th. Finally, Citigroup increased their target price on shares of First Advantage from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $58.83.

First Advantage Stock Up 1.7 %

FA stock opened at $17.61 on Wednesday. The business has a 50-day moving average of $19.02 and a 200-day moving average of $17.65. First Advantage has a fifty-two week low of $13.88 and a fifty-two week high of $20.79. The stock has a market capitalization of $3.04 billion, a P/E ratio of 587.00 and a beta of 1.18. 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) last posted its earnings results on Tuesday, November 12th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $199.10 million for the quarter, compared to analyst estimates of $204.39 million. First Advantage had a return on equity of 13.16% and a net margin of 0.65%. The firm’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 EPS. On average, sell-side analysts anticipate that First Advantage will post 0.82 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in First Advantage by 8.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,131,188 shares of the company’s stock valued at $50,314,000 after purchasing an additional 254,219 shares during the last quarter. Capital Research Global Investors lifted its position in shares of First Advantage by 9.4% during the first quarter. Capital Research Global Investors now owns 5,777,481 shares of the company’s stock worth $93,711,000 after acquiring an additional 496,898 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of First Advantage in the third quarter worth $676,000. Sei Investments Co. grew its position in shares of First Advantage by 27.5% in the second quarter. Sei Investments Co. now owns 126,159 shares of the company’s stock valued at $2,027,000 after purchasing an additional 27,237 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in First Advantage by 16.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,478 shares of the company’s stock worth $252,000 after purchasing an additional 2,163 shares in the last quarter. Institutional investors own 94.91% of the company’s stock.

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.