First Advantage (NYSE:FA) Price Target Raised to $18.00

First Advantage (NYSE:FA) had its price target boosted by Barclays from $15.00 to $18.00 in a research report released on Thursday,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other analysts have also commented on the stock. BMO Capital Markets reduced their price target on shares of First Advantage from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd. Royal Bank of Canada cut shares of First Advantage from an “outperform” rating to a “sector perform” rating and set a $20.00 price objective on the stock. in a research report on Friday, May 9th. Finally, William Blair reissued an “outperform” rating on shares of First Advantage in a research note on Friday, February 28th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $66.00.

First Advantage Stock Up 0.1%

FA opened at $17.05 on Thursday. 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 fifty-two week low of $12.32 and a fifty-two week high of $20.79. The firm has a market capitalization of $2.96 billion, a P/E ratio of 568.33 and a beta of 1.20. The company’s 50-day moving average is $15.30 and its 200 day moving average is $16.93.

First Advantage (NYSE:FA) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. During the same period in the previous year, the business posted $0.17 earnings per share. The firm’s quarterly revenue was up 109.3% compared to the same quarter last year. Research analysts expect that First Advantage will post 0.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FA. Summit Investment Advisors Inc. grew its position in First Advantage by 15.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company’s stock valued at $117,000 after acquiring an additional 832 shares in the last quarter. Advisory Research Inc. boosted its position in First Advantage by 0.6% during the fourth quarter. Advisory Research Inc. now owns 212,446 shares of the company’s stock worth $3,979,000 after purchasing an additional 1,216 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in First Advantage by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,567 shares of the company’s stock worth $501,000 after purchasing an additional 1,471 shares in the last quarter. Signaturefd LLC purchased a new stake in First Advantage during the first quarter worth $30,000. Finally, Corebridge Financial Inc. boosted its position in First Advantage by 9.6% during the fourth quarter. Corebridge Financial Inc. now owns 29,784 shares of the company’s stock worth $558,000 after purchasing an additional 2,607 shares in the last quarter. Hedge funds and other 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.