First Advantage (NYSE:FA) Rating Lowered to “Hold” at Zacks Research

First Advantage (NYSE:FA) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Separately, JPMorgan Chase & Co. lowered their price target on shares of First Advantage from $21.00 to $17.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $19.25.

First Advantage Stock Performance

FA traded up $0.09 during trading hours on Monday, reaching $15.21. The company’s stock had a trading volume of 10,430 shares, compared to its average volume of 402,350. The company’s 50-day moving average is $13.96 and its 200-day moving average is $15.37. First Advantage has a 52 week low of $11.95 and a 52 week high of $20.27. The firm has a market cap of $2.65 billion, a PE ratio of 506.83 and a beta of 1.18. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85.

First Advantage (NYSE:FA) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. The business’s revenue for the quarter was up 105.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.26 earnings per share. First Advantage has set its FY 2025 guidance at 0.980-1.020 EPS. On average, equities analysts forecast that First Advantage will post 0.74 EPS for the current year.

Institutional Investors Weigh In On First Advantage

A number of large investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC bought a new stake in shares of First Advantage during the 4th quarter valued at $257,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 buying an additional 1,471 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in First Advantage by 7.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 239,233 shares of the company’s stock valued at $3,371,000 after buying an additional 16,664 shares during the period. Rhumbline Advisers raised its position in shares of First Advantage by 10.8% in the 1st quarter. Rhumbline Advisers now owns 87,194 shares of the company’s stock valued at $1,229,000 after buying an additional 8,498 shares in the last quarter. Finally, Voya Investment Management LLC raised its position in shares of First Advantage by 23.6% in the 1st quarter. Voya Investment Management LLC now owns 174,483 shares of the company’s stock valued at $2,458,000 after buying an additional 33,339 shares in the last quarter. Institutional investors and hedge funds own 94.91% of the company’s stock.

About First Advantage

First Advantage is a global provider of background screening, identity verification and workforce risk management solutions. The company delivers a comprehensive suite of services that help employers verify candidate credentials, manage regulatory compliance and mitigate risk throughout the employee lifecycle. Its platform is built to integrate with leading human capital management and applicant tracking systems, enabling a seamless and scalable experience for organizations of all sizes.

The company’s core offerings include pre-employment and continuous background screening, digital identity verification, drug and health testing, and ongoing employee monitoring.