First Advantage (NYSE:FA) Now Covered by Analysts at Royal Bank of Canada

Royal Bank of Canada assumed coverage on shares of First Advantage (NYSE:FA) in a report published on Friday, MarketBeat.com reports. The brokerage issued an outperform rating and a $22.00 price target on the stock.

A number of other brokerages have also weighed in on FA. William Blair reaffirmed an “outperform” rating on shares of First Advantage in a research note on Wednesday, November 13th. Wolfe Research downgraded First Advantage from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Needham & Company LLC reiterated a “hold” rating on shares of First Advantage in a research report on Wednesday, November 13th. Truist Financial decreased their price objective on First Advantage from $250.00 to $249.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Finally, Citigroup upped their target price on shares of First Advantage from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, First Advantage presently has an average rating of “Moderate Buy” and a consensus target price of $66.20.

First Advantage Stock Down 2.0 %

Shares of FA opened at $17.50 on Friday. The company has a current ratio of 3.85, a quick ratio of 4.31 and a debt-to-equity ratio of 0.61. The firm has a market cap of $3.02 billion, a P/E ratio of 583.33 and a beta of 1.18. The stock’s 50 day moving average is $19.08 and its two-hundred day moving average is $17.63. First Advantage has a 12 month low of $13.79 and a 12 month high of $20.79.

First Advantage (NYSE:FA) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.25 by $0.01. The company had revenue of $199.10 million during the quarter, compared to analyst estimates of $204.39 million. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. The firm’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 EPS. Analysts predict that First Advantage will post 0.82 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FA. Geode Capital Management LLC increased its position in First Advantage by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,294,063 shares of the company’s stock worth $25,692,000 after purchasing an additional 9,718 shares during the last quarter. Barclays PLC grew its stake in shares of First Advantage by 57.3% in the 3rd quarter. Barclays PLC now owns 81,669 shares of the company’s stock valued at $1,621,000 after buying an additional 29,752 shares during the period. State Street Corp increased its holdings in shares of First Advantage by 6.1% during the 3rd quarter. State Street Corp now owns 1,253,081 shares of the company’s stock worth $24,874,000 after buying an additional 72,400 shares during the last quarter. Fred Alger Management LLC raised its position in shares of First Advantage by 26.7% during the 3rd quarter. Fred Alger Management LLC now owns 1,017,228 shares of the company’s stock valued at $20,192,000 after buying an additional 214,134 shares during the period. Finally, Boussard & Gavaudan Investment Management LLP acquired a new position in First Advantage in the third quarter valued at approximately $434,000. 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.