First Advantage Co. (NYSE:FA) Receives $18.00 Average PT from Brokerages

First Advantage Co. (NYSE:FAGet Free Report) has earned an average rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $18.00.

A number of research firms recently weighed in on FA. Stifel Nicolaus lifted their price objective on shares of First Advantage from $16.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Needham & Company LLC reissued a “hold” rating on shares of First Advantage in a report on Monday, May 13th. William Blair started coverage on First Advantage in a report on Tuesday, April 23rd. They issued an “outperform” rating for the company. Finally, Evercore ISI lifted their price target on First Advantage from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th.

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First Advantage Stock Performance

Shares of FA opened at $16.61 on Friday. The company has a current ratio of 4.29, a quick ratio of 4.29 and a debt-to-equity ratio of 0.62. The firm has a market cap of $2.41 billion, a PE ratio of 75.50, a price-to-earnings-growth ratio of 3.21 and a beta of 1.15. The company’s 50 day simple moving average is $16.17 and its 200-day simple moving average is $16.19. First Advantage has a 12-month low of $12.46 and a 12-month high of $17.49.

First Advantage (NYSE:FAGet Free Report) last announced its earnings results on Thursday, May 9th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. The business had revenue of $169.40 million for the quarter, compared to analyst estimates of $167.91 million. First Advantage had a net margin of 4.28% and a return on equity of 14.12%. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the firm posted $0.19 earnings per share. As a group, equities analysts predict that First Advantage will post 0.83 EPS for the current year.

Insider Transactions at First Advantage

In related news, Director James Lindsey Clark sold 5,603 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $16.25, for a total value of $91,048.75. Following the completion of the transaction, the director now owns 45,027 shares of the company’s stock, valued at approximately $731,688.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director James Lindsey Clark sold 5,603 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $16.25, for a total value of $91,048.75. Following the completion of the transaction, the director now owns 45,027 shares of the company’s stock, valued at approximately $731,688.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph K. Jaeger sold 7,331 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $16.08, for a total transaction of $117,882.48. Following the completion of the transaction, the insider now directly owns 688,967 shares of the company’s stock, valued at approximately $11,078,589.36. The disclosure for this sale can be found here. Corporate insiders own 5.30% of the company’s stock.

Institutional Trading of First Advantage

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its holdings in shares of First Advantage by 46.7% during the 3rd quarter. Principal Financial Group Inc. now owns 19,682 shares of the company’s stock worth $271,000 after purchasing an additional 6,270 shares during the period. Victory Capital Management Inc. grew its holdings in shares of First Advantage by 58.2% during the 3rd quarter. Victory Capital Management Inc. now owns 31,592 shares of the company’s stock worth $436,000 after purchasing an additional 11,622 shares during the period. Quantbot Technologies LP purchased a new stake in shares of First Advantage during the 3rd quarter worth about $60,000. Herald Investment Management Ltd lifted its position in First Advantage by 28.6% during the 3rd quarter. Herald Investment Management Ltd now owns 225,000 shares of the company’s stock worth $3,098,000 after acquiring an additional 50,000 shares in the last quarter. Finally, CenterBook Partners LP acquired a new position in First Advantage during the 3rd quarter worth approximately $4,162,000. Hedge funds and other institutional investors own 94.91% of the company’s stock.

About First Advantage

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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.

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Analyst Recommendations for First Advantage (NYSE:FA)

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