First Advantage Co. (NYSE:FA) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of First Advantage Co. (NYSE:FA) have been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $65.80.

Several equities analysts have commented on the stock. William Blair reissued an “outperform” rating on shares of First Advantage in a report on Friday, February 28th. Royal Bank of Canada reissued an “outperform” rating and issued a $22.00 price objective on shares of First Advantage in a research note on Thursday, January 23rd. Barclays reaffirmed an “equal weight” rating and issued a $15.00 target price (down previously from $20.00) on shares of First Advantage in a report on Thursday, April 10th. Finally, BMO Capital Markets lowered their price target on First Advantage from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, March 3rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FA. Summit Investment Advisors Inc. increased its position in First Advantage by 15.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company’s stock valued at $117,000 after acquiring an additional 832 shares during the period. GAMMA Investing LLC raised its position in First Advantage by 748.5% during the 1st quarter. GAMMA Investing LLC now owns 6,890 shares of the company’s stock worth $97,000 after purchasing an additional 6,078 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in First Advantage during the 4th quarter worth about $132,000. Two Sigma Securities LLC acquired a new stake in shares of First Advantage in the fourth quarter valued at about $188,000. Finally, Tower Research Capital LLC TRC raised its position in shares of First Advantage by 1,219.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,555 shares of the company’s stock worth $198,000 after acquiring an additional 9,755 shares during the last quarter. Institutional investors and hedge funds own 94.91% of the company’s stock.

First Advantage Stock Performance

NYSE:FA opened at $13.47 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85. First Advantage has a fifty-two week low of $12.32 and a fifty-two week high of $20.79. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 449.00 and a beta of 1.20. The stock has a fifty day moving average price of $15.04 and a 200-day moving average price of $17.50.

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.