First Advantage (NYSE:FA) Receives “Overweight” Rating from Barclays

Barclays restated their overweight rating on shares of First Advantage (NYSE:FA) in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports. The firm currently has a $22.00 target price on the stock.

Several other equities analysts have also recently weighed in on FA. William Blair restated an “outperform” rating on shares of First Advantage in a report on Wednesday, November 13th. Citigroup boosted their price target on First Advantage from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Royal Bank of Canada began coverage on First Advantage in a research note on Friday, November 15th. They set an “outperform” rating and a $22.00 price objective on the stock. Wolfe Research downgraded shares of First Advantage from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of First Advantage in a research note on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $58.83.

First Advantage Stock Up 3.6 %

FA stock opened at $18.25 on Wednesday. The business has a 50-day moving average of $19.00 and a 200-day moving average of $17.65. First Advantage has a fifty-two week low of $13.88 and a fifty-two week high of $20.79. The stock has a market capitalization of $3.15 billion, a P/E ratio of 608.33 and a beta of 1.18. 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 (NYSE:FA) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. The company had revenue of $199.10 million during the quarter, compared to analysts’ expectations of $204.39 million. During the same period last year, the business earned $0.25 EPS. The business’s quarterly revenue was down .6% on a year-over-year basis. On average, sell-side analysts anticipate that First Advantage will post 0.82 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Barclays PLC increased its position in First Advantage by 57.3% during the 3rd quarter. Barclays PLC now owns 81,669 shares of the company’s stock worth $1,621,000 after buying an additional 29,752 shares during the period. Geode Capital Management LLC increased its position in First Advantage by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,294,063 shares of the company’s stock worth $25,692,000 after acquiring an additional 9,718 shares during the period. State Street Corp raised its stake in First Advantage by 6.1% in the 3rd quarter. State Street Corp now owns 1,253,081 shares of the company’s stock worth $24,874,000 after purchasing an additional 72,400 shares in the last quarter. Fred Alger Management LLC boosted its holdings in First Advantage by 26.7% in the 3rd quarter. Fred Alger Management LLC now owns 1,017,228 shares of the company’s stock valued at $20,192,000 after purchasing an additional 214,134 shares during the period. Finally, Boussard & Gavaudan Investment Management LLP acquired a new position in shares of First Advantage during the 3rd quarter worth approximately $434,000. 94.91% of the stock is owned by institutional investors.

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.