First Advantage (NYSE:FA) Reaches New 12-Month High – What’s Next?

First Advantage Co. (NYSE:FA)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $20.17 and last traded at $20.17, with a volume of 10010 shares changing hands. The stock had previously closed at $20.00.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Wolfe Research lowered shares of First Advantage from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Truist Financial lowered their price target on First Advantage from $250.00 to $249.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Finally, Citigroup raised their price objective on First Advantage from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $77.25.

First Advantage Stock Performance

The company has a market cap of $2.99 billion, a price-to-earnings ratio of 91.18 and a beta of 1.16. The company has a debt-to-equity ratio of 0.61, a quick ratio of 4.31 and a current ratio of 4.31. The company has a fifty day moving average of $18.93 and a two-hundred day moving average of $17.17.

First Advantage (NYSE:FA) last posted its earnings results on Thursday, August 8th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. First Advantage had a return on equity of 13.94% and a net margin of 3.24%. The firm had revenue of $184.55 million during the quarter, compared to the consensus estimate of $184.66 million. During the same period last year, the company earned $0.24 earnings per share. The business’s quarterly revenue was down .4% on a year-over-year basis. Equities research analysts anticipate that First Advantage Co. will post 0.82 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FA. Quarry LP raised its holdings in First Advantage by 49.7% during the 2nd quarter. Quarry LP now owns 2,607 shares of the company’s stock worth $42,000 after purchasing an additional 865 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of First Advantage during the second quarter worth $209,000. Oppenheimer Asset Management Inc. acquired a new position in First Advantage in the second quarter valued at $211,000. Truist Financial Corp bought a new stake in First Advantage during the second quarter valued at $234,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in First Advantage by 16.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,478 shares of the company’s stock worth $252,000 after acquiring an additional 2,163 shares during the period. 94.91% of the stock is owned by institutional investors.

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.