William Blair Reiterates “Outperform” Rating for First Advantage (NYSE:FA)

William Blair reiterated their outperform rating on shares of First Advantage (NYSE:FA) in a research note released on Wednesday,RTT News reports.

A number of other research firms have also weighed in on FA. Citigroup boosted their price objective on First Advantage from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Wolfe Research lowered shares of First Advantage from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Finally, Truist Financial lowered their price target on First Advantage from $250.00 to $249.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, First Advantage presently has an average rating of “Moderate Buy” and an average target price of $66.20.

First Advantage Stock Down 2.0 %

First Advantage stock opened at $17.50 on Wednesday. First Advantage has a 12 month low of $13.79 and a 12 month high of $20.79. The stock has a market capitalization of $3.02 billion, a PE ratio of 583.33 and a beta of 1.18. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick ratio of 4.31. The business has a 50 day simple moving average of $19.08 and a 200-day simple moving average of $17.62.

First Advantage (NYSE:FA) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.26 earnings per share 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 firm had revenue of $199.10 million during the quarter, compared to the consensus estimate of $204.39 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. On average, analysts anticipate that First Advantage will post 0.82 EPS for the current fiscal year.

Hedge Funds Weigh In On First Advantage

Several hedge funds and other institutional investors have recently made changes to their positions in FA. Quarry LP increased its holdings in 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 buying an additional 865 shares during the last quarter. Marshall Wace LLP acquired a new position in First Advantage in the second quarter valued at approximately $209,000. Oppenheimer Asset Management Inc. purchased a new position in First Advantage in the second quarter valued at approximately $211,000. Truist Financial Corp acquired a new stake in First Advantage during the second quarter worth approximately $234,000. Finally, Intech Investment Management LLC purchased a new stake in shares of First Advantage during the 3rd quarter worth approximately $250,000. Hedge funds and other institutional investors own 94.91% of the company’s stock.

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.