Truist Financial Lowers First Advantage (NYSE:FA) Price Target to $249.00

First Advantage (NYSE:FA) had its price target lowered by investment analysts at Truist Financial from $250.00 to $249.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock.

Other equities analysts also recently issued reports about the company. Evercore ISI raised their price objective on First Advantage from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. William Blair initiated coverage on First Advantage in a research report on Tuesday, April 23rd. They set an “outperform” rating on the stock. Finally, Needham & Company LLC restated a “hold” rating on shares of First Advantage in a report on Monday, May 13th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.20.

First Advantage Trading Up 1.0 %

Shares of FA stock opened at $17.17 on Monday. First Advantage has a twelve month low of $12.46 and a twelve month high of $17.49. The stock’s fifty day simple moving average is $16.27 and its 200 day simple moving average is $16.22. The company has a quick ratio of 4.29, a current ratio of 4.29 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $2.49 billion, a P/E ratio of 18.89, a P/E/G ratio of 3.27 and a beta of 1.14.

First Advantage (NYSE:FA) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. First Advantage had a return on equity of 14.12% and a net margin of 4.28%. The company had revenue of $169.40 million for the quarter, compared to analysts’ expectations of $167.91 million. During the same period in the previous year, the business posted $0.19 earnings per share. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. As a group, sell-side analysts predict that First Advantage will post 0.83 EPS for the current fiscal year.

Insider Buying and Selling at First Advantage

In related news, insider Joseph K. Jaeger sold 7,331 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $16.08, for a total value of $117,882.48. Following the sale, the insider now owns 688,967 shares in the company, valued at approximately $11,078,589.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director James Lindsey Clark sold 5,603 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $16.25, for a total transaction of $91,048.75. Following the transaction, the director now directly owns 45,027 shares in the company, valued at $731,688.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph K. Jaeger sold 7,331 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $16.08, for a total transaction of $117,882.48. Following the completion of the sale, the insider now directly owns 688,967 shares of the company’s stock, valued at $11,078,589.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,034 shares of company stock valued at $241,439. Corporate insiders own 5.30% of the company’s stock.

Hedge Funds Weigh In On First Advantage

Hedge funds and other institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. grew its position in First Advantage by 6.3% during the first quarter. Principal Financial Group Inc. now owns 24,336 shares of the company’s stock valued at $395,000 after buying an additional 1,447 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of First Advantage by 16.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,478 shares of the company’s stock worth $252,000 after purchasing an additional 2,163 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in First Advantage by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 406,641 shares of the company’s stock valued at $6,738,000 after purchasing an additional 8,958 shares during the period. National Bank of Canada FI purchased a new stake in First Advantage in the fourth quarter worth $179,000. Finally, Olstein Capital Management L.P. lifted its position in shares of First Advantage by 28.1% during the 2nd quarter. Olstein Capital Management L.P. now owns 73,000 shares of the company’s stock valued at $1,173,000 after buying an additional 16,000 shares during the last quarter. 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.