First Advantage (NYSE:FA) Given Outperform Rating at Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of First Advantage (NYSE:FA) in a research note published on Thursday morning,Benzinga reports. Royal Bank of Canada currently has a $22.00 price objective on the stock.

FA has been the subject of a number of other research reports. BMO Capital Markets began coverage on First Advantage in a research report on Wednesday, December 11th. They set an “outperform” rating and a $20.00 price objective for the company. Wolfe Research downgraded shares of First Advantage from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. Barclays reissued an “overweight” rating and issued a $22.00 price target on shares of First Advantage in a report on Wednesday, November 20th. Needham & Company LLC reaffirmed a “hold” rating on shares of First Advantage in a report on Wednesday, November 13th. Finally, William Blair restated an “outperform” rating on shares of First Advantage in a research report on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $53.29.

First Advantage Trading Down 0.8 %

Shares of First Advantage stock opened at $18.42 on Thursday. The business has a fifty day simple moving average of $18.72 and a 200-day simple moving average of $18.45. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 614.00 and a beta of 1.17. First Advantage has a fifty-two week low of $14.01 and a fifty-two 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.

First Advantage (NYSE:FA) last released its earnings results on Tuesday, November 12th. The company reported $0.26 EPS for the quarter, beating 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 business had revenue of $199.10 million during the quarter, compared to analyst estimates of $204.39 million. During the same period in the prior year, the business earned $0.25 earnings per share. The business’s quarterly revenue was down .6% on a year-over-year basis. On average, equities analysts forecast that First Advantage will post 0.74 EPS for the current fiscal year.

Hedge Funds Weigh In On First Advantage

Hedge funds have recently added to or reduced their stakes in the company. Quarry LP grew its position in shares of First Advantage by 49.7% during the 2nd quarter. Quarry LP now owns 2,607 shares of the company’s stock worth $42,000 after buying an additional 865 shares during the period. Marshall Wace LLP bought a new position in shares of First Advantage in the 2nd quarter worth $209,000. Truist Financial Corp acquired a new stake in shares of First Advantage during the second quarter worth $234,000. Intech Investment Management LLC bought a new stake in First Advantage in the third quarter valued at about $250,000. Finally, Brighton Jones LLC acquired a new position in First Advantage in the fourth quarter valued at about $257,000. Institutional investors own 94.91% of the company’s stock.

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.