First Advantage (NYSE:FA) Price Target Lowered to $22.00 at BMO Capital Markets

First Advantage (NYSE:FA) had its price objective lowered by BMO Capital Markets from $24.00 to $22.00 in a research report released on Monday,Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

Other equities analysts have also issued research reports about the stock. Barclays lowered their price objective on shares of First Advantage from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. William Blair reissued an “outperform” rating on shares of First Advantage in a research note on Friday, February 28th. Royal Bank of Canada reissued an “outperform” rating and issued a $22.00 target price on shares of First Advantage in a research note on Thursday, January 23rd. Finally, Needham & Company LLC reissued a “hold” rating on shares of First Advantage in a research note on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $53.29.

First Advantage Price Performance

FA stock opened at $14.03 on Monday. First Advantage has a 52 week low of $13.20 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 fifty day simple moving average of $18.28 and a two-hundred day simple moving average of $18.78. The firm has a market capitalization of $2.42 billion, a P/E ratio of 467.67 and a beta of 1.17.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Summit Investment Advisors Inc. increased its position in First Advantage by 15.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company’s stock valued at $117,000 after purchasing an additional 832 shares during the period. BNP Paribas Financial Markets acquired a new stake in First Advantage in the 4th quarter worth approximately $132,000. Two Sigma Securities LLC acquired a new stake in First Advantage in the 4th quarter worth approximately $188,000. Tower Research Capital LLC TRC boosted its stake in First Advantage by 1,219.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,555 shares of the company’s stock worth $198,000 after purchasing an additional 9,755 shares in the last quarter. Finally, Pictet Asset Management Holding SA acquired a new stake in First Advantage in the 4th quarter worth approximately $210,000. Hedge funds and other 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.