First Advantage (NYSE:FA) Rating Reiterated by Needham & Company LLC

First Advantage (NYSE:FAGet Free Report)‘s stock had its “hold” rating reissued by analysts at Needham & Company LLC in a research note issued on Monday, Benzinga reports.

FA has been the subject of a number of other research reports. Evercore ISI boosted their target price on shares of First Advantage from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Stifel Nicolaus increased their target price on First Advantage from $16.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Finally, William Blair initiated coverage on First Advantage in a report on Tuesday, April 23rd. They issued an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, First Advantage presently has an average rating of “Moderate Buy” and an average target price of $18.00.

View Our Latest Stock Analysis on First Advantage

First Advantage Trading Up 1.4 %

FA opened at $16.12 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 4.29 and a quick ratio of 4.29. The company’s 50 day simple moving average is $15.91 and its two-hundred day simple moving average is $15.82. First Advantage has a 1-year low of $12.46 and a 1-year high of $17.49. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 73.28, a price-to-earnings-growth ratio of 2.21 and a beta of 1.18.

First Advantage (NYSE:FAGet Free Report) last posted its earnings results on Thursday, May 9th. The company reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. First Advantage had a net margin of 4.28% and a return on equity of 14.12%. The firm had revenue of $169.40 million during the quarter, compared to the consensus estimate of $167.91 million. During the same quarter last year, the firm 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 0.84 EPS for the current fiscal year.

Institutional Investors Weigh In On First Advantage

Hedge funds have recently added to or reduced their stakes in the company. Capital Research Global Investors increased its holdings in First Advantage by 9.4% in the first quarter. Capital Research Global Investors now owns 5,777,481 shares of the company’s stock valued at $93,711,000 after buying an additional 496,898 shares in the last quarter. Diamond Hill Capital Management Inc. grew its holdings in First Advantage by 3.4% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 3,460,231 shares of the company’s stock valued at $47,717,000 after buying an additional 115,370 shares during the last quarter. Cat Rock Capital Management LP increased its position in First Advantage by 10.0% during the fourth quarter. Cat Rock Capital Management LP now owns 3,325,859 shares of the company’s stock worth $55,109,000 after buying an additional 303,000 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings 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 acquiring an additional 255,807 shares during the last quarter. Finally, Sunriver Management LLC lifted its position in shares of First Advantage by 26.4% in the fourth quarter. Sunriver Management LLC now owns 1,151,665 shares of the company’s stock valued at $19,083,000 after acquiring an additional 240,464 shares in the last quarter. Institutional investors and hedge funds own 94.91% of the company’s stock.

First Advantage Company Profile

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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.

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Analyst Recommendations for First Advantage (NYSE:FA)

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