BMO Capital Markets Issues Pessimistic Forecast for First Advantage (NYSE:FA) Stock Price

First Advantage (NYSE:FA) had its price objective dropped by investment analysts at BMO Capital Markets from $24.00 to $22.00 in a report issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 44.54% from the company’s previous close.

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

First Advantage Price Performance

Shares of NYSE FA opened at $15.22 on Monday. The firm has a 50-day moving average of $18.55 and a two-hundred day moving average of $18.87. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 505.00 and a beta of 1.17. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61. First Advantage has a twelve month low of $14.01 and a twelve month high of $20.79.

Institutional Investors Weigh In On First Advantage

Several hedge funds have recently bought and sold shares of the business. Summit Investment Advisors Inc. increased its holdings in shares of 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 purchasing an additional 832 shares during the period. BNP Paribas Financial Markets acquired a new position in First Advantage in the 4th quarter valued at approximately $132,000. Two Sigma Securities LLC purchased a new stake in First Advantage in the 4th quarter worth approximately $188,000. Tower Research Capital LLC TRC grew its holdings in shares of First Advantage by 1,219.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,555 shares of the company’s stock valued at $198,000 after acquiring an additional 9,755 shares in the last quarter. Finally, Pictet Asset Management Holding SA purchased a new stake in shares of First Advantage during the fourth quarter worth $210,000. 94.91% of the stock is owned by hedge funds and other institutional investors.

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.