First Advantage Co. (NYSE:FA) Given Average Rating of “Moderate Buy” by Brokerages

First Advantage Co. (NYSE:FA) has been given an average rating of “Moderate Buy” by the ten analysts that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $53.29.

Several research firms have recently issued reports on FA. Barclays reaffirmed an “overweight” rating and set a $22.00 price target on shares of First Advantage in a research note on Wednesday, November 20th. Needham & Company LLC reaffirmed a “hold” rating on shares of First Advantage in a report on Wednesday, November 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $22.00 price target on shares of First Advantage in a research report on Thursday, January 23rd. William Blair restated an “outperform” rating on shares of First Advantage in a research report on Wednesday, December 11th. Finally, BMO Capital Markets began coverage on First Advantage in a report on Wednesday, December 11th. They set an “outperform” rating and a $20.00 target price on the stock.

Institutional Investors Weigh In On First Advantage

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC grew its holdings in First Advantage by 57.3% in the third quarter. Barclays PLC now owns 81,669 shares of the company’s stock valued at $1,621,000 after purchasing an additional 29,752 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of First Advantage in the 3rd quarter valued at $676,000. FMR LLC grew its stake in shares of First Advantage by 50.8% during the 3rd quarter. FMR LLC now owns 5,600,026 shares of the company’s stock valued at $111,161,000 after buying an additional 1,886,716 shares during the period. Geode Capital Management LLC increased its holdings in shares of First Advantage by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,294,063 shares of the company’s stock worth $25,692,000 after buying an additional 9,718 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in shares of First Advantage by 27.1% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 16,688 shares of the company’s stock worth $331,000 after buying an additional 3,561 shares during the period. Hedge funds and other institutional investors own 94.91% of the company’s stock.

First Advantage Stock Performance

NYSE FA opened at $18.58 on Friday. The business has a 50 day moving average price of $18.66 and a 200 day moving average price of $18.88. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick ratio of 3.85. The company has a market capitalization of $3.21 billion, a P/E ratio of 619.33 and a beta of 1.17. First Advantage has a 1-year low of $14.01 and a 1-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.