First Advantage’s (FA) “Hold” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of First Advantage (NYSE:FA) in a research report report published on Wednesday morning,Benzinga reports.

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

First Advantage Stock Down 2.0 %

Shares of FA stock opened at $17.50 on Wednesday. The firm’s fifty day moving average price is $19.08 and its two-hundred day moving average price is $17.62. The company has a current ratio of 3.85, a quick ratio of 4.31 and a debt-to-equity ratio of 0.61. First Advantage has a 1 year low of $13.79 and a 1 year high of $20.79. The firm has a market capitalization of $3.02 billion, a P/E ratio of 583.33 and a beta of 1.18.

First Advantage (NYSE:FA) last released its earnings results on Tuesday, November 12th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. First Advantage had a return on equity of 13.16% and a net margin of 0.65%. The business had revenue of $199.10 million for the quarter, compared to the consensus estimate of $204.39 million. During the same quarter in the previous year, the business earned $0.25 earnings per share. First Advantage’s quarterly revenue was down .6% on a year-over-year basis. On average, equities analysts predict that First Advantage will post 0.82 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP raised its stake in First Advantage by 49.7% in the 2nd quarter. Quarry LP now owns 2,607 shares of the company’s stock worth $42,000 after purchasing an additional 865 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of First Advantage in the third quarter valued at approximately $250,000. Marshall Wace LLP bought a new stake in shares of First Advantage in the second quarter valued at approximately $209,000. Oppenheimer Asset Management Inc. bought a new position in First Advantage in the 2nd quarter valued at about $211,000. Finally, Truist Financial Corp acquired a new position in shares of First Advantage in the 2nd quarter valued at approximately $234,000. 94.91% of the stock is owned by institutional investors and hedge funds.

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.