First Advantage (NYSE:FA) Earns “Outperform” Rating from William Blair

William Blair reiterated their outperform rating on shares of First Advantage (NYSE:FA) in a research report report published on Wednesday morning,RTT News reports. William Blair also issued estimates for First Advantage’s Q4 2024 earnings at $0.19 EPS, FY2024 earnings at $0.74 EPS, Q1 2025 earnings at $0.12 EPS, Q4 2025 earnings at $0.27 EPS and FY2027 earnings at $1.65 EPS.

Several other equities research analysts have also recently issued reports on the stock. Royal Bank of Canada assumed coverage on shares of First Advantage in a report on Friday, November 15th. They issued an “outperform” rating and a $22.00 target price on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of First Advantage in a report on Wednesday, November 13th. Wolfe Research downgraded First Advantage from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. BMO Capital Markets initiated coverage on First Advantage in a research note on Wednesday. They set an “outperform” rating and a $20.00 price target for the company. Finally, Citigroup increased their price objective on shares of First Advantage from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $53.29.

First Advantage Stock Down 1.0 %

FA stock opened at $19.34 on Wednesday. The stock has a market capitalization of $3.34 billion, a P/E ratio of 644.67 and a beta of 1.17. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick ratio of 3.85. First Advantage has a 1-year low of $14.01 and a 1-year high of $20.79. The business has a fifty day moving average price of $18.96 and a 200-day moving average price of $18.02.

First Advantage (NYSE:FA) last issued its earnings results on Tuesday, November 12th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $199.10 million during the quarter, compared to analyst estimates of $204.39 million. First Advantage had a return on equity of 13.16% and a net margin of 0.65%. First Advantage’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.25 EPS. Equities analysts forecast that First Advantage will post 0.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FA. Quarry LP lifted its position in shares of First Advantage by 49.7% in the second quarter. Quarry LP now owns 2,607 shares of the company’s stock valued at $42,000 after acquiring an additional 865 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in First Advantage by 16.2% in the 1st 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 in the last quarter. Bank of New York Mellon Corp boosted its stake in First Advantage by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 258,265 shares of the company’s stock worth $4,150,000 after purchasing an additional 2,326 shares during the period. Principal Financial Group Inc. grew its holdings in First Advantage by 10.2% during the 2nd quarter. Principal Financial Group Inc. now owns 26,827 shares of the company’s stock valued at $431,000 after buying an additional 2,491 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of First Advantage by 8.0% during the second quarter. Victory Capital Management Inc. now owns 36,261 shares of the company’s stock valued at $583,000 after buying an additional 2,700 shares during the last quarter. 94.91% of the stock is currently owned by institutional investors.

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.