Truist Financial Cuts First Advantage (NYSE:FA) Price Target to $249.00

First Advantage (NYSE:FA) had its price target reduced by Truist Financial from $250.00 to $249.00 in a research note released on Monday, Benzinga reports. Truist Financial currently has a buy rating on the stock.

A number of other research firms have also weighed in on FA. William Blair started coverage on shares of First Advantage in a research note on Tuesday, April 23rd. They set an outperform rating for the company. Evercore ISI upped their price objective on First Advantage from $17.00 to $18.00 and gave the company an outperform rating in a research report on Tuesday, March 26th. Finally, Needham & Company LLC reissued a hold rating on shares of First Advantage in a report on Monday, May 13th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $64.20.

First Advantage Price Performance

Shares of NYSE FA opened at $16.85 on Monday. The company has a 50 day simple moving average of $16.28 and a two-hundred day simple moving average of $16.22. First Advantage has a fifty-two week low of $12.46 and a fifty-two week high of $17.49. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 76.59, a P/E/G ratio of 3.27 and a beta of 1.14. The company has a debt-to-equity ratio of 0.62, a quick ratio of 4.29 and a current ratio of 4.29.

First Advantage (NYSE:FA) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. First Advantage had a return on equity of 14.12% and a net margin of 4.28%. The company had revenue of $169.40 million during the quarter, compared to analyst estimates of $167.91 million. During the same quarter last year, the company earned $0.19 EPS. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. Analysts expect that First Advantage will post 0.83 EPS for the current fiscal year.

Insider Buying and Selling at First Advantage

In related news, insider Joseph K. Jaeger sold 7,331 shares of First Advantage stock in a transaction on Monday, May 13th. The stock was sold at an average price of $16.08, for a total value of $117,882.48. Following the completion of the sale, the insider now owns 688,967 shares of the company’s stock, valued at $11,078,589.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Joseph K. Jaeger sold 7,331 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $16.08, for a total transaction of $117,882.48. Following the completion of the sale, the insider now directly owns 688,967 shares in the company, valued at $11,078,589.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Lindsey Clark sold 2,100 shares of the stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $15.48, for a total transaction of $32,508.00. Following the completion of the transaction, the director now owns 42,927 shares in the company, valued at $664,509.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,034 shares of company stock worth $241,439. Insiders own 5.30% of the company’s stock.

Institutional Trading of First Advantage

Several hedge funds have recently bought and sold shares of FA. Boston Partners lifted its position in shares of First Advantage by 155.3% during the 1st quarter. Boston Partners now owns 1,713,935 shares of the company’s stock valued at $27,841,000 after buying an additional 1,042,473 shares in the last quarter. Capital Research Global Investors lifted its holdings in First Advantage by 9.4% during the first quarter. Capital Research Global Investors now owns 5,777,481 shares of the company’s stock valued at $93,711,000 after purchasing an additional 496,898 shares in the last quarter. Cat Rock Capital Management LP boosted its position in shares of First Advantage by 10.0% in the fourth quarter. Cat Rock Capital Management LP now owns 3,325,859 shares of the company’s stock worth $55,109,000 after purchasing an additional 303,000 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of First Advantage by 10.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,660,820 shares of the company’s stock worth $44,090,000 after purchasing an additional 255,807 shares in the last quarter. Finally, Sunriver Management LLC raised its position in shares of First Advantage by 26.4% during the 4th quarter. Sunriver Management LLC now owns 1,151,665 shares of the company’s stock valued at $19,083,000 after purchasing an additional 240,464 shares during the period. 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.