First Advantage Co. (NYSE:FA) Receives $53.29 Consensus Target Price from Analysts

Shares of First Advantage Co. (NYSE:FA) have received an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $53.29.

A number of brokerages recently issued reports on FA. Barclays reissued an “overweight” rating and set a $22.00 price target on shares of First Advantage in a report on Wednesday, November 20th. Needham & Company LLC reissued a “hold” rating on shares of First Advantage in a research note on Wednesday, November 13th. BMO Capital Markets initiated coverage on First Advantage in a research note on Wednesday, December 11th. They issued an “outperform” rating and a $20.00 price target for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $22.00 price target on shares of First Advantage in a research report on Thursday, January 23rd. Finally, William Blair restated an “outperform” rating on shares of First Advantage in a research report on Wednesday, December 11th.

First Advantage Trading Up 0.2 %

First Advantage stock opened at $18.28 on Friday. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61. The firm has a market cap of $3.16 billion, a PE ratio of 609.33 and a beta of 1.17. The stock’s 50 day simple moving average is $18.69 and its two-hundred day simple moving average is $18.87. First Advantage has a 12 month low of $14.01 and a 12 month high of $20.79.

Institutional Investors Weigh In On First Advantage

Several large investors have recently bought and sold shares of the company. Wellington Management Group LLP purchased a new stake in shares of First Advantage during the fourth quarter worth approximately $71,695,000. Capital World Investors boosted its stake in First Advantage by 246.4% during the 4th quarter. Capital World Investors now owns 5,227,076 shares of the company’s stock worth $97,903,000 after purchasing an additional 3,718,096 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of First Advantage by 337.3% during the fourth quarter. American Century Companies Inc. now owns 3,584,054 shares of the company’s stock worth $67,129,000 after buying an additional 2,764,534 shares in the last quarter. FMR LLC raised its position in shares of First Advantage by 49.1% in the fourth quarter. FMR LLC now owns 8,350,192 shares of the company’s stock valued at $156,399,000 after buying an additional 2,750,166 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of First Advantage by 48.0% in the fourth 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 last quarter. 94.91% of the stock is currently owned by hedge funds and other institutional investors.

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.