First Advantage (NYSE:FA) Earns Equal Weight Rating from Barclays

First Advantage (NYSE:FA)‘s stock had its “equal weight” rating reissued by equities researchers at Barclays in a research report issued to clients and investors on Thursday, Marketbeat reports. They presently have a $15.00 target price on the stock, down from their previous target price of $20.00. Barclays‘s price target would suggest a potential upside of 10.03% from the stock’s current price.

Other analysts have also recently issued reports about the company. Royal Bank of Canada reissued an “outperform” rating and set a $22.00 target price on shares of First Advantage in a research note on Thursday, January 23rd. BMO Capital Markets decreased their target price on First Advantage from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. Finally, William Blair reissued an “outperform” rating on shares of First Advantage in a research note on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, First Advantage currently has an average rating of “Moderate Buy” and an average target price of $65.80.

First Advantage Trading Down 5.1 %

Shares of FA stock opened at $13.63 on Thursday. First Advantage has a 1 year low of $12.32 and a 1 year high of $20.79. The firm’s fifty day simple moving average is $15.76 and its 200 day simple moving average is $17.77. The firm has a market capitalization of $2.37 billion, a P/E ratio of 454.43 and a beta of 1.20. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FA. Summit Investment Advisors Inc. boosted its stake in shares of First Advantage by 15.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company’s stock worth $117,000 after acquiring an additional 832 shares during the period. Advisory Research Inc. increased its holdings in First Advantage by 0.6% during the 4th quarter. Advisory Research Inc. now owns 212,446 shares of the company’s stock worth $3,979,000 after purchasing an additional 1,216 shares during the period. Corebridge Financial Inc. boosted its position in First Advantage by 9.6% during the 4th quarter. Corebridge Financial Inc. now owns 29,784 shares of the company’s stock valued at $558,000 after acquiring an additional 2,607 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in First Advantage by 17.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 19,626 shares of the company’s stock valued at $368,000 after acquiring an additional 2,938 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of First Advantage by 7.2% in the 4th quarter. Alliancebernstein L.P. now owns 59,600 shares of the company’s stock worth $1,116,000 after purchasing an additional 4,000 shares in the last quarter. 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.