First Advantage (NYSE:FA) Receives “Outperform” Rating from William Blair

First Advantage (NYSE:FA)‘s stock had its “outperform” rating restated by analysts at William Blair in a research report issued on Friday,RTT News reports.

A number of other research analysts have also weighed in on FA. Needham & Company LLC reaffirmed a “hold” rating on shares of First Advantage in a report on Wednesday, November 13th. BMO Capital Markets initiated coverage on shares of First Advantage in a research report on Wednesday, December 11th. They set an “outperform” rating and a $20.00 target price on the stock. Barclays reiterated an “overweight” rating and issued a $22.00 price target on shares of First Advantage in a report on Wednesday, November 20th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $22.00 price objective on shares of First Advantage in a research note on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $53.29.

First Advantage Stock Performance

NYSE:FA traded down $1.38 during mid-day trading on Friday, reaching $14.89. The stock had a trading volume of 1,203,634 shares, compared to its average volume of 676,351. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85. The business has a 50 day simple moving average of $18.62 and a 200 day simple moving average of $18.86. First Advantage has a twelve month low of $14.01 and a twelve month high of $20.79. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 497.00 and a beta of 1.17.

Institutional Investors Weigh In On First Advantage

A number of large investors have recently added to or reduced their stakes in FA. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of First Advantage by 71.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 222,569 shares of the company’s stock valued at $4,169,000 after purchasing an additional 92,574 shares during the last quarter. Two Sigma Investments LP lifted its stake in First Advantage by 65.3% in the 4th quarter. Two Sigma Investments LP now owns 180,532 shares of the company’s stock valued at $3,381,000 after buying an additional 71,298 shares in the last quarter. ProShare Advisors LLC purchased a new stake in First Advantage in the 4th quarter valued at approximately $316,000. Nuveen Asset Management LLC grew its holdings in First Advantage by 21.5% during the 4th quarter. Nuveen Asset Management LLC now owns 237,848 shares of the company’s stock valued at $4,455,000 after buying an additional 42,150 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in First Advantage by 22.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,096 shares of the company’s stock worth $639,000 after buying an additional 6,208 shares in the last quarter. 94.91% of the stock is owned by institutional investors and hedge funds.

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.