First Advantage (NYSE:FA) Earns Hold Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of First Advantage (NYSE:FA) in a research report released on Wednesday morning,Benzinga reports.

Several other equities analysts have also weighed in on the company. Truist Financial cut their target price on First Advantage from $250.00 to $249.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Citigroup increased 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. Wolfe Research cut shares of First Advantage from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Finally, William Blair reiterated an “outperform” rating on shares of First Advantage in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, First Advantage presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.20.

First Advantage Stock Down 2.0 %

Shares of NYSE FA opened at $17.50 on Wednesday. First Advantage has a 1 year low of $13.79 and a 1 year high of $20.79. The firm’s 50-day moving average is $19.08 and its 200-day moving average is $17.63. The company has a current ratio of 3.85, a quick ratio of 4.31 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $3.02 billion, a PE ratio of 583.33 and a beta of 1.18.

First Advantage (NYSE:FA) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The firm had revenue of $199.10 million for the quarter, compared to analysts’ expectations of $204.39 million. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the firm earned $0.25 earnings per share. Equities analysts expect that First Advantage will post 0.82 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in shares of First Advantage by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,294,063 shares of the company’s stock worth $25,692,000 after acquiring an additional 9,718 shares in the last quarter. Barclays PLC increased its holdings in First Advantage by 57.3% during the 3rd quarter. Barclays PLC now owns 81,669 shares of the company’s stock worth $1,621,000 after purchasing an additional 29,752 shares in the last quarter. State Street Corp lifted its holdings in shares of First Advantage by 6.1% in the third quarter. State Street Corp now owns 1,253,081 shares of the company’s stock valued at $24,874,000 after purchasing an additional 72,400 shares in the last quarter. Fred Alger Management LLC boosted its position in shares of First Advantage by 26.7% during the third quarter. Fred Alger Management LLC now owns 1,017,228 shares of the company’s stock worth $20,192,000 after buying an additional 214,134 shares during the period. Finally, Boussard & Gavaudan Investment Management LLP acquired a new stake in First Advantage in the 3rd quarter valued at approximately $434,000. 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.