First Advantage (NYSE:FA) Coverage Initiated by Analysts at Royal Bank of Canada

Royal Bank of Canada started coverage on shares of First Advantage (NYSE:FA) in a research report report published on Friday morning, Marketbeat.com reports. The firm issued an outperform rating and a $22.00 price target on the stock.

Several other equities research analysts also recently issued reports on FA. Needham & Company LLC reaffirmed a “hold” rating on shares of First Advantage in a research report on Wednesday. Truist Financial dropped their target price 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. Wolfe Research downgraded shares of First Advantage from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Citigroup boosted their price objective on shares of First Advantage from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Finally, William Blair reiterated an “outperform” rating on shares of First Advantage in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.20.

First Advantage Stock Down 2.0 %

Shares of FA stock traded down $0.35 on Friday, reaching $17.50. 1,254,771 shares of the company’s stock traded hands, compared to its average volume of 516,289. The company has a market capitalization of $3.02 billion, a P/E ratio of 583.33 and a beta of 1.18. First Advantage has a 12-month low of $13.79 and a 12-month high of $20.79. The company has a debt-to-equity ratio of 0.61, a quick ratio of 4.31 and a current ratio of 3.85. The business’s 50 day moving average price is $19.08 and its two-hundred day moving average price is $17.62.

First Advantage (NYSE:FA) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.26 EPS 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 for the quarter, compared to analyst estimates of $204.39 million. During the same quarter in the prior year, the business posted $0.25 EPS. First Advantage’s quarterly revenue was down .6% on a year-over-year basis. On average, equities analysts forecast that First Advantage will post 0.82 earnings per share for the current year.

Institutional Trading of First Advantage

Hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Research Global Investors lifted its holdings in First Advantage by 9.4% during the first quarter. Capital Research Global Investors now owns 5,777,481 shares of the company’s stock worth $93,711,000 after acquiring an additional 496,898 shares in the last quarter. FMR LLC raised its position in First Advantage by 50.8% during the third quarter. FMR LLC now owns 5,600,026 shares of the company’s stock worth $111,161,000 after acquiring an additional 1,886,716 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in First Advantage by 8.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,131,188 shares of the company’s stock worth $50,314,000 after purchasing an additional 254,219 shares during the period. Boston Partners raised its stake 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 acquiring an additional 1,042,473 shares during the period. Finally, Geode Capital Management LLC raised its stake in First Advantage by 0.8% in 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. 94.91% of the stock is currently owned by institutional investors and hedge funds.

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.