First Advantage (NYSE:FA) Price Target Raised to $25.00

by · The Markets Daily

First Advantage (NYSE:FA – Free Report) had its price target raised by Citigroup from $22.00 to $25.00 in a research note published on Tuesday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.

A number of other brokerages have also recently weighed in on FA. Jefferies Financial Group reiterated a “hold” rating and set a $26.00 price target on shares of First Advantage in a research note on Friday, November 6th. Royal Bank Of Canada lifted their price objective on shares of First Advantage from $21.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, August 7th. Zacks Research cut shares of First Advantage from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Needham & Company LLC upped their target price on shares of First Advantage from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday, November 6th. Finally, Barclays increased their target price on shares of First Advantage from $30.00 to $34.00 and gave the stock an “overweight” rating in a research note on Friday, November 6th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, First Advantage presently has an average rating of “Hold” and a consensus target price of $25.00.

Read Our Latest Stock Analysis on FA

First Advantage Trading Down 0.9%

NYSE:FA opened at $21.36 on Tuesday. The stock’s 50 day moving average price is $20.41 and its 200 day moving average price is $16.70. The company has a market capitalization of $3.67 billion, a PE ratio of 712.00 and a beta of 1.12. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. First Advantage has a 52-week low of $8.82 and a 52-week high of $25.15.

First Advantage (NYSE:FA – Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. First Advantage had a return on equity of 13.16% and a net margin of 0.65%. During the same period in the previous year, the company earned $0.30 earnings per share. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. On average, research analysts anticipate that First Advantage will post 0.74 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in First Advantage during the second quarter worth about $217,748,000. Bamco Inc. NY purchased a new stake in First Advantage in the 2nd quarter valued at approximately $63,214,000. Sunriver Management LLC boosted its holdings in First Advantage by 14.0% in the 1st quarter. Sunriver Management LLC now owns 3,032,711 shares of the company’s stock valued at $35,665,000 after purchasing an additional 371,425 shares in the last quarter. First Trust Advisors LP increased its position in First Advantage by 105.4% during the 3rd quarter. First Trust Advisors LP now owns 860,283 shares of the company’s stock worth $15,313,000 after purchasing an additional 441,440 shares during the period. Finally, Palisade Capital Management LP acquired a new position in First Advantage during the 2nd quarter worth approximately $14,533,000. 94.91% of the stock is currently owned by institutional investors and hedge funds.

About First Advantage

(Get Free Report)

First Advantage provides technology-enabled background screening and verification services to employers and other organizations. Its offerings include criminal-record searches, employment and education verification, identity checks, drug and health screening, and related compliance services used in hiring and workforce management. The company serves customers across North America and international markets, including businesses that need screening processes across multiple locations. Its services are designed to help organizations assess candidates and manage workplace-related risks.

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