First Advantage (NYSE:FA) Earns Outperform Rating from William Blair

First Advantage (NYSE:FA)‘s stock had its “outperform” rating restated by equities researchers at William Blair in a research report issued on Friday,RTT News reports.

Other equities research analysts also recently issued reports about the stock. BMO Capital Markets began coverage on shares of First Advantage in a report on Wednesday, December 11th. They issued an “outperform” rating and a $20.00 price target for the company. Royal Bank of Canada restated an “outperform” rating and set a $22.00 target price on shares of First Advantage in a report on Thursday, January 23rd. Needham & Company LLC reaffirmed a “hold” rating on shares of First Advantage in a report on Wednesday, November 13th. Finally, Barclays reissued an “overweight” rating and set a $22.00 price objective on shares of First Advantage in a research note on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $53.29.

First Advantage Trading Down 8.0 %

Shares of First Advantage stock opened at $14.96 on Friday. The business has a fifty day simple moving average of $18.55 and a 200-day simple moving average of $18.86. First Advantage has a fifty-two week low of $14.01 and a fifty-two week high of $20.79. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of 498.67 and a beta of 1.17. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61.

Institutional Investors Weigh In On First Advantage

A number of institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP purchased a new stake in shares of First Advantage in the fourth quarter worth approximately $71,695,000. Capital World Investors increased its stake in First Advantage by 246.4% in the 4th quarter. Capital World Investors now owns 5,227,076 shares of the company’s stock valued at $97,903,000 after buying an additional 3,718,096 shares during the period. American Century Companies Inc. lifted its position in First Advantage by 337.3% in the 4th quarter. American Century Companies Inc. now owns 3,584,054 shares of the company’s stock worth $67,129,000 after buying an additional 2,764,534 shares in the last quarter. FMR LLC boosted its stake in shares of First Advantage by 49.1% during the 4th quarter. FMR LLC now owns 8,350,192 shares of the company’s stock valued at $156,399,000 after buying an additional 2,750,166 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of First Advantage by 48.0% during the 4th quarter. Vanguard Group Inc. now owns 7,425,305 shares of the company’s stock valued at $139,076,000 after acquiring an additional 2,409,233 shares in the last quarter. 94.91% of the stock is currently 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.