First Advantage (NYSE:FA) Price Target Increased to $21.00 by Analysts at Citigroup

First Advantage (NYSE:FA) had its target price boosted by research analysts at Citigroup from $19.00 to $21.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s target price indicates a potential upside of 7.20% from the company’s previous close.

Separately, Truist Financial lowered their target price on shares of First Advantage from $250.00 to $249.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.25.

First Advantage Price Performance

NYSE FA traded up $0.09 during trading hours on Wednesday, reaching $19.59. The company’s stock had a trading volume of 81,530 shares, compared to its average volume of 428,307. The company has a debt-to-equity ratio of 0.61, a quick ratio of 4.31 and a current ratio of 4.31. The stock has a market cap of $2.84 billion, a PE ratio of 89.05 and a beta of 1.16. The company’s 50-day moving average is $18.14 and its two-hundred day moving average is $16.79. First Advantage has a fifty-two week low of $12.46 and a fifty-two week high of $20.07.

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

Institutional Investors Weigh In On First Advantage

A number of institutional investors have recently modified their holdings of FA. Quarry LP raised its holdings in shares of First Advantage by 49.7% during the second quarter. Quarry LP now owns 2,607 shares of the company’s stock valued at $42,000 after buying an additional 865 shares during the last quarter. Marshall Wace LLP purchased a new stake in First Advantage during the second quarter valued at about $209,000. Oppenheimer Asset Management Inc. acquired a new position in First Advantage in the 2nd quarter worth approximately $211,000. Truist Financial Corp purchased a new position in shares of First Advantage during the second quarter valued at $234,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of First Advantage by 16.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,478 shares of the company’s stock worth $252,000 after purchasing an additional 2,163 shares during the period. 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.