First Advantage (NYSE:FA) Earns Outperform Rating from William Blair

William Blair reissued their outperform rating on shares of First Advantage (NYSE:FA) in a report published on Friday,RTT News reports.

Other equities research analysts also recently issued research reports about the company. 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 target for the company. Royal Bank of Canada reissued an “outperform” rating and set a $22.00 price target on shares of First Advantage in a research report on Thursday, January 23rd. Barclays reissued an “overweight” rating and set a $22.00 price target on shares of First Advantage in a research report on Wednesday, November 20th. Finally, Needham & Company LLC reissued a “hold” rating on shares of First Advantage in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $53.29.

First Advantage Price Performance

FA stock opened at $14.96 on Friday. The stock has a 50-day moving average price of $18.55 and a two-hundred day moving average price of $18.85. First Advantage has a 12-month low of $14.01 and a 12-month high of $20.79. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61. The company has a market cap of $2.58 billion, a PE ratio of 498.67 and a beta of 1.17.

Institutional Investors Weigh In On First Advantage

Institutional investors and hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC acquired a new position in shares of First Advantage in the third quarter worth about $676,000. Emerald Advisers LLC lifted its stake in shares of First Advantage by 2.1% in the third quarter. Emerald Advisers LLC now owns 1,183,050 shares of the company’s stock worth $23,484,000 after acquiring an additional 24,217 shares in the last quarter. BloombergSen Inc. acquired a new position in shares of First Advantage in the third quarter worth about $423,000. TimesSquare Capital Management LLC lifted its stake in shares of First Advantage by 6.8% in the third quarter. TimesSquare Capital Management LLC now owns 89,830 shares of the company’s stock worth $1,783,000 after acquiring an additional 5,730 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of First Advantage by 9.0% in the third quarter. Victory Capital Management Inc. now owns 39,510 shares of the company’s stock worth $784,000 after acquiring an additional 3,249 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.