First Advantage (NYSE:FA) Receives Outperform Rating from William Blair

William Blair reiterated their outperform rating on shares of First Advantage (NYSE:FA) in a report published on Friday morning,RTT News reports.

A number of other analysts also recently weighed in on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of First Advantage in a report on Wednesday, November 13th. BMO Capital Markets assumed coverage on First Advantage in a report on Wednesday, December 11th. They set an “outperform” rating and a $20.00 price objective for the company. Barclays reaffirmed an “overweight” rating and set a $22.00 price objective on shares of First Advantage in a report on Wednesday, November 20th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 price objective on shares of First Advantage in a report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, First Advantage presently has an average rating of “Moderate Buy” and an average price target of $53.29.

First Advantage Stock Down 8.0 %

First Advantage stock opened at $14.96 on Friday. 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 has a 1-year low of $14.01 and a 1-year high of $20.79. The company has a market cap of $2.58 billion, a PE ratio of 498.67 and a beta of 1.17. The stock’s 50 day moving average price is $18.55 and its 200 day moving average price is $18.85.

Hedge Funds Weigh In On First Advantage

Institutional investors have recently made changes to their positions in the stock. FMR LLC increased its stake in First Advantage by 49.1% in the fourth quarter. FMR LLC now owns 8,350,192 shares of the company’s stock valued at $156,399,000 after purchasing an additional 2,750,166 shares during the last quarter. Vanguard Group Inc. increased its stake in First Advantage by 48.0% in the fourth quarter. Vanguard Group Inc. now owns 7,425,305 shares of the company’s stock valued at $139,076,000 after purchasing an additional 2,409,233 shares during the last quarter. Capital Research Global Investors increased its stake in First Advantage by 4.8% in the fourth quarter. Capital Research Global Investors now owns 6,223,937 shares of the company’s stock valued at $116,574,000 after purchasing an additional 286,456 shares during the last quarter. Capital World Investors increased its stake in First Advantage by 246.4% in the fourth quarter. Capital World Investors now owns 5,227,076 shares of the company’s stock valued at $97,903,000 after purchasing an additional 3,718,096 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in First Advantage by 1.1% in the fourth quarter. JPMorgan Chase & Co. now owns 4,485,369 shares of the company’s stock valued at $84,011,000 after purchasing an additional 50,469 shares during the last quarter. 94.91% of the stock is owned by institutional investors and hedge funds.

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.