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

First Advantage (NYSE:FA)‘s stock had its “outperform” rating reissued by investment analysts at William Blair in a report released on Wednesday,RTT News reports.

Several other equities analysts also recently weighed in on the company. Truist Financial lowered their target price on First Advantage from $250.00 to $249.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Wolfe Research downgraded First Advantage from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Finally, Citigroup lifted their target price on First Advantage from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $77.25.

First Advantage Price Performance

NYSE FA opened at $18.58 on Wednesday. The company has a market capitalization of $2.70 billion, a PE ratio of 116.13 and a beta of 1.18. The company has a debt-to-equity ratio of 0.61, a quick ratio of 4.31 and a current ratio of 4.31. The business’s fifty day moving average is $19.15 and its 200 day moving average is $17.61. First Advantage has a fifty-two week low of $13.38 and a fifty-two week high of $20.79.

Hedge Funds Weigh In On First Advantage

Large investors have recently made changes to their positions in the business. Quarry LP increased its holdings in shares of First Advantage by 49.7% in the second quarter. Quarry LP now owns 2,607 shares of the company’s stock worth $42,000 after purchasing an additional 865 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of First Advantage in the third quarter worth about $250,000. Marshall Wace LLP bought a new stake in shares of First Advantage in the second quarter worth about $209,000. Oppenheimer Asset Management Inc. bought a new stake in shares of First Advantage in the second quarter worth about $211,000. Finally, Truist Financial Corp bought a new stake in shares of First Advantage in the second quarter worth about $234,000. 94.91% of the stock is currently owned by hedge funds and other institutional investors.

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.