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

First Advantage Co. (NYSE:FA) has been given an average rating of “Moderate Buy” by the six ratings firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $77.25.

FA has been the topic of several analyst reports. Truist Financial dropped their price target on shares of First Advantage from $250.00 to $249.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Citigroup increased 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.

First Advantage Trading Up 0.7 %

Shares of First Advantage stock opened at $19.73 on Wednesday. First Advantage has a 12-month low of $12.46 and a 12-month high of $20.07. The firm’s 50 day simple moving average is $18.33 and its two-hundred day simple moving average is $16.87. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 89.68 and a beta of 1.16.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FA. Boston Partners boosted its holdings in First Advantage by 155.3% in the 1st quarter. Boston Partners now owns 1,713,935 shares of the company’s stock valued at $27,841,000 after purchasing an additional 1,042,473 shares during the last quarter. Fred Alger Management LLC purchased a new stake in First Advantage in the second quarter valued at $12,906,000. Capital Research Global Investors grew its holdings in shares of First Advantage by 9.4% during the 1st quarter. Capital Research Global Investors now owns 5,777,481 shares of the company’s stock worth $93,711,000 after purchasing an additional 496,898 shares during the period. Cat Rock Capital Management LP increased its position in shares of First Advantage by 10.0% during the 4th quarter. Cat Rock Capital Management LP now owns 3,325,859 shares of the company’s stock worth $55,109,000 after purchasing an additional 303,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in First Advantage by 10.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,660,820 shares of the company’s stock valued at $44,090,000 after buying an additional 255,807 shares during the period. Hedge funds and other institutional investors own 94.91% of the company’s stock.

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.