First Advantage’s (FA) “Equal Weight” Rating Reiterated at Barclays

Barclays reissued their equal weight rating on shares of First Advantage (NYSE:FA) in a research note released on Thursday, Marketbeat Ratings reports. The brokerage currently has a $15.00 price target on the stock, down from their prior price target of $20.00.

A number of other research analysts have also issued reports on FA. BMO Capital Markets decreased their target price on First Advantage from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. William Blair reiterated an “outperform” rating on shares of First Advantage in a research report on Friday, February 28th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $22.00 price target on shares of First Advantage in a research report on Thursday, January 23rd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, First Advantage currently has an average rating of “Moderate Buy” and a consensus target price of $65.80.

First Advantage Stock Up 6.4 %

First Advantage stock opened at $14.71 on Thursday. First Advantage has a 52 week low of $12.32 and a 52 week high of $20.79. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 490.33 and a beta of 1.20. The business’s 50-day moving average price is $15.57 and its 200 day moving average price is $17.70. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Barclays PLC lifted its stake in First Advantage by 57.3% during the third quarter. Barclays PLC now owns 81,669 shares of the company’s stock worth $1,621,000 after purchasing an additional 29,752 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of First Advantage by 48.0% in the 4th quarter. Vanguard Group Inc. now owns 7,425,305 shares of the company’s stock valued at $139,076,000 after buying an additional 2,409,233 shares during the period. Truist Financial Corp lifted its stake in First Advantage by 37.4% during the 4th quarter. Truist Financial Corp now owns 19,095 shares of the company’s stock worth $358,000 after acquiring an additional 5,197 shares in the last quarter. Geode Capital Management LLC boosted its holdings in First Advantage by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,294,063 shares of the company’s stock valued at $25,692,000 after acquiring an additional 9,718 shares during the period. Finally, Cortland Associates Inc. MO acquired a new position in First Advantage in the 4th quarter valued at about $24,328,000. Institutional investors and hedge funds own 94.91% of the company’s stock.

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.