First Advantage (NYSE:FA) Given New $20.00 Price Target at Barclays

First Advantage (NYSE:FA) had its target price decreased by research analysts at Barclays from $22.00 to $20.00 in a report released on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 33.69% from the stock’s current price.

Other analysts have also recently issued reports about the company. Needham & Company LLC restated a “hold” rating on shares of First Advantage in a report on Wednesday, November 13th. Royal Bank of Canada reiterated an “outperform” rating and set a $22.00 target price on shares of First Advantage in a research report on Thursday, January 23rd. BMO Capital Markets began coverage on shares of First Advantage in a research report on Wednesday, December 11th. They issued an “outperform” rating and a $20.00 price target for the company. Finally, William Blair reiterated an “outperform” rating on shares of First Advantage in a report on Friday. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, First Advantage has a consensus rating of “Moderate Buy” and an average target price of $53.00.

First Advantage Trading Down 8.0 %

Shares of FA stock opened at $14.96 on Friday. First Advantage has a twelve month low of $14.01 and a twelve month high of $20.79. The stock’s fifty day simple moving average is $18.55 and its 200 day simple moving average is $18.87. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $2.58 billion, a P/E ratio of 498.67 and a beta of 1.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC raised its stake in First Advantage by 57.3% during the third quarter. Barclays PLC now owns 81,669 shares of the company’s stock worth $1,621,000 after buying an additional 29,752 shares during the last quarter. FMR LLC grew its holdings in First Advantage by 50.8% during the 3rd quarter. FMR LLC now owns 5,600,026 shares of the company’s stock worth $111,161,000 after acquiring an additional 1,886,716 shares during the period. Geode Capital Management LLC raised its position in shares of First Advantage by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,294,063 shares of the company’s stock worth $25,692,000 after acquiring an additional 9,718 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of First Advantage by 27.1% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 16,688 shares of the company’s stock valued at $331,000 after purchasing an additional 3,561 shares during the period. Finally, Cortland Associates Inc. MO bought a new stake in shares of First Advantage during the 4th quarter valued at about $24,328,000. Institutional investors and hedge funds own 94.91% of the company’s stock.

First Advantage Company Profile

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.