First Advantage (NYSE:FA) Price Target Raised to $21.00

First Advantage (NYSE:FA) had its target price hoisted by Citigroup from $19.00 to $21.00 in a report issued on Wednesday, Benzinga reports. Citigroup currently has a neutral rating on the stock.

Separately, Truist Financial lowered their price target on First Advantage from $250.00 to $249.00 and set a buy rating for the company in a research note on Monday, July 22nd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $77.25.

First Advantage Stock Up 0.7 %

Shares of NYSE:FA opened at $19.73 on Wednesday. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.61. The company has a fifty day simple moving average of $18.33 and a 200 day simple moving average of $16.86. The firm has a market cap of $2.86 billion, a PE ratio of 89.68 and a beta of 1.16. First Advantage has a 12-month low of $12.46 and a 12-month high of $20.07.

First Advantage (NYSE:FA) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. The firm had revenue of $184.55 million during the quarter, compared to the consensus estimate of $184.66 million. First Advantage had a net margin of 3.24% and a return on equity of 13.94%. The firm’s revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.24 earnings per share. On average, equities research analysts anticipate that First Advantage will post 0.82 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Truist Financial Corp bought a new stake in shares of First Advantage during the 2nd quarter worth $234,000. Quarry LP lifted its holdings in First Advantage by 49.7% during the second quarter. Quarry LP now owns 2,607 shares of the company’s stock worth $42,000 after acquiring an additional 865 shares during the period. Fred Alger Management LLC bought a new stake in First Advantage during the second quarter worth $12,906,000. Marshall Wace LLP purchased a new stake in First Advantage in the second quarter worth $209,000. Finally, Sei Investments Co. grew its position in shares of First Advantage by 27.5% in the second quarter. Sei Investments Co. now owns 126,159 shares of the company’s stock valued at $2,027,000 after purchasing an additional 27,237 shares in the last quarter. 94.91% of the stock is owned by institutional investors and hedge funds.

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.