Barclays Reiterates “Equal Weight” Rating for First Advantage (NYSE:FA)

First Advantage (NYSE:FA)‘s stock had its “equal weight” rating reaffirmed by research analysts at Barclays in a research note issued on Thursday, Marketbeat.com reports. They currently have a $15.00 target price on the stock, down from their previous target price of $20.00. Barclays‘s target price would suggest a potential upside of 10.03% from the company’s current price.

Several other research analysts have also recently weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $22.00 price objective on shares of First Advantage in a research report on Thursday, January 23rd. William Blair reissued an “outperform” rating on shares of First Advantage in a research note on Friday, February 28th. Finally, BMO Capital Markets decreased their price objective on First Advantage from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, First Advantage presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.80.

First Advantage Stock Performance

First Advantage stock opened at $13.63 on Thursday. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61. The company has a market cap of $2.37 billion, a PE ratio of 454.43 and a beta of 1.20. The company’s 50-day moving average is $15.76 and its two-hundred day moving average is $17.77. First Advantage has a 1 year low of $12.32 and a 1 year high of $20.79.

Institutional Investors Weigh In On First Advantage

Several institutional investors have recently bought and sold shares of FA. Wellington Management Group LLP purchased a new stake in shares of First Advantage during the fourth quarter worth $71,695,000. Capital World Investors raised its stake in First Advantage by 246.4% in the 4th 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. American Century Companies Inc. increased its stake in shares of First Advantage by 337.3% during the 4th quarter. American Century Companies Inc. now owns 3,584,054 shares of the company’s stock valued at $67,129,000 after acquiring an additional 2,764,534 shares during the last quarter. FMR LLC grew its holdings in shares of First Advantage by 49.1% during the 4th quarter. FMR LLC now owns 8,350,192 shares of the company’s stock worth $156,399,000 after purchasing an additional 2,750,166 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in First Advantage by 48.0% in the 4th quarter. Vanguard Group Inc. now owns 7,425,305 shares of the company’s stock worth $139,076,000 after acquiring an additional 2,409,233 shares during the period. 94.91% of the stock is currently 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.