First Advantage Co. (NYSE:FA) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of First Advantage Co. (NYSE:FA) have received an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $58.67.

Several equities analysts recently issued reports on the company. Royal Bank of Canada restated an “outperform” rating and set a $22.00 price objective on shares of First Advantage in a research note on Thursday, January 23rd. Barclays reduced their price target on shares of First Advantage from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. BMO Capital Markets lowered their price objective on shares of First Advantage from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. Finally, William Blair reiterated an “outperform” rating on shares of First Advantage in a research note on Friday, February 28th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC raised its holdings in shares of First Advantage by 49.1% during 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. Vanguard Group Inc. increased its position in First Advantage by 48.0% in the 4th quarter. Vanguard Group Inc. now owns 7,425,305 shares of the company’s stock valued at $139,076,000 after acquiring an additional 2,409,233 shares during the period. Capital Research Global Investors raised its stake in First Advantage by 4.8% during the 4th quarter. Capital Research Global Investors now owns 6,223,937 shares of the company’s stock valued at $116,574,000 after acquiring an additional 286,456 shares in the last quarter. Capital World Investors boosted its position 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 acquiring an additional 3,718,096 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in First Advantage by 1.1% during the 4th quarter. JPMorgan Chase & Co. now owns 4,485,369 shares of the company’s stock worth $84,011,000 after acquiring an additional 50,469 shares during the period. 94.91% of the stock is owned by institutional investors and hedge funds.

First Advantage Trading Down 3.2 %

NYSE:FA opened at $13.51 on Wednesday. First Advantage has a 52 week low of $12.55 and a 52 week high of $20.79. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. The company has a market cap of $2.34 billion, a PE ratio of 450.33 and a beta of 1.21. The business’s 50 day moving average is $17.09 and its two-hundred day moving average is $18.32.

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.