First Advantage Co. (NYSE:FA) Receives Consensus Recommendation of “Moderate Buy” from Analysts

First Advantage Co. (NYSE:FA) has been assigned an average rating of “Moderate Buy” from the nine research firms that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $58.67.

Several equities research analysts have recently issued reports on the company. Barclays decreased their price objective on First Advantage from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Royal Bank of Canada restated an “outperform” rating and set a $22.00 price objective on shares of First Advantage in a report on Thursday, January 23rd. William Blair restated an “outperform” rating on shares of First Advantage in a report 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 on the stock in a report on Monday, March 3rd.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Summit Investment Advisors Inc. raised its position in shares of First Advantage by 15.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company’s stock worth $117,000 after buying an additional 832 shares during the period. BNP Paribas Financial Markets purchased a new position in shares of First Advantage in the 4th quarter worth $132,000. Two Sigma Securities LLC purchased a new position in shares of First Advantage in the 4th quarter worth $188,000. Tower Research Capital LLC TRC raised its position in 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. Finally, Pictet Asset Management Holding SA purchased a new position in First Advantage in the fourth quarter valued at about $210,000. 94.91% of the stock is owned by hedge funds and other institutional investors.

First Advantage Price Performance

Shares of NYSE:FA opened at $13.45 on Wednesday. The business’s fifty day moving average price is $17.31 and its two-hundred day moving average price is $18.43. The stock has a market cap of $2.33 billion, a PE ratio of 448.33 and a beta of 1.21. 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 has a one year low of $12.55 and a one year high of $20.79.

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.