First Advantage Co. (NYSE:FA) Given Average Recommendation of “Moderate Buy” by Brokerages

First Advantage Co. (NYSE:FA) has received an average rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $65.80.

Several equities analysts have issued reports on FA shares. William Blair reiterated an “outperform” rating on shares of First Advantage in a research report on Friday, February 28th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $22.00 price target on shares of First Advantage in a report on Thursday, January 23rd. BMO Capital Markets decreased their price objective on First Advantage from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. Finally, Barclays restated an “equal weight” rating and set a $15.00 target price (down previously from $20.00) on shares of First Advantage in a research report on Thursday.

Hedge Funds Weigh In On First Advantage

A number of institutional investors and hedge funds have recently bought and sold shares of FA. Summit Investment Advisors Inc. grew its stake in First Advantage by 15.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company’s stock valued at $117,000 after purchasing an additional 832 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of First Advantage by 748.5% during the first quarter. GAMMA Investing LLC now owns 6,890 shares of the company’s stock valued at $97,000 after purchasing an additional 6,078 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in First Advantage in the fourth quarter worth $132,000. Two Sigma Securities LLC acquired a new stake in shares of First Advantage in the 4th quarter worth about $188,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of First Advantage by 1,219.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,555 shares of the company’s stock valued at $198,000 after purchasing an additional 9,755 shares during the period. Hedge funds and other institutional investors own 94.91% of the company’s stock.

First Advantage Stock Up 6.4 %

FA opened at $14.71 on Friday. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. The business has a 50 day moving average price of $15.57 and a two-hundred day moving average price of $17.70. First Advantage has a 52 week low of $12.32 and a 52 week high of $20.79. The company has a market cap of $2.55 billion, a PE ratio of 490.33 and a beta of 1.20.

First Advantage Company Profile

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.