Brokerages Set First Advantage Co. (NYSE:FA) PT at $58.67

First Advantage Co. (NYSE:FA) has received a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $66.80.

Several analysts have issued reports on FA shares. Barclays cut their price objective on First Advantage from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. BMO Capital Markets cut their price target on shares of First Advantage from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. William Blair reaffirmed an “outperform” rating on shares of First Advantage in a research note on Friday, February 28th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $22.00 target price on shares of First Advantage in a research note on Thursday, January 23rd.

First Advantage Stock Up 0.1 %

Shares of First Advantage stock opened at $14.01 on Wednesday. First Advantage has a 12-month low of $12.55 and a 12-month high of $20.79. The firm has a market capitalization of $2.43 billion, a PE ratio of 467.00 and a beta of 1.21. 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 stock’s fifty day moving average is $16.95 and its 200-day moving average is $18.25.

Institutional Investors Weigh In On First Advantage

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FA. Summit Investment Advisors Inc. grew its holdings in shares of First Advantage by 15.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company’s stock valued at $117,000 after acquiring an additional 832 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in First Advantage in the 4th quarter worth about $132,000. Two Sigma Securities LLC acquired a new position in First Advantage in the 4th quarter worth about $188,000. Tower Research Capital LLC TRC raised its stake 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 worth $198,000 after purchasing an additional 9,755 shares in the last quarter. Finally, Pictet Asset Management Holding SA acquired a new stake in shares of First Advantage during the 4th quarter valued at about $210,000. Hedge funds and other institutional investors 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.