First Advantage Co. (NYSE:FA - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $19.78, but opened at $19.09. First Advantage shares last traded at $19.30, with a volume of 32,156 shares trading hands.
A number of equities analysts have recently issued reports on the company. Citigroup raised their price objective on First Advantage from $19.00 to $21.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 25th. Truist Financial reduced their price objective on shares of First Advantage from $250.00 to $249.00 and set a "buy" rating on the stock in a research note on Monday, July 22nd. Finally, Wolfe Research downgraded shares of First Advantage from an "outperform" rating to a "peer perform" rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $77.25.
Read Our Latest Analysis on FA
The firm's 50-day moving average price is $18.75 and its 200 day moving average price is $17.08. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 89.91 and a beta of 1.16. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.61.
First Advantage (NYSE:FA - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. The firm had revenue of $184.55 million during the quarter, compared to the consensus estimate of $184.66 million. First Advantage had a return on equity of 13.94% and a net margin of 3.24%. The company's quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.24 earnings per share. As a group, equities analysts expect that First Advantage Co. will post 0.82 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in FA. Quarry LP increased its holdings in First Advantage by 49.7% during the 2nd quarter. Quarry LP now owns 2,607 shares of the company's stock worth $42,000 after purchasing an additional 865 shares in the last quarter. Marshall Wace LLP bought a new stake in First Advantage during the second quarter worth $209,000. Oppenheimer Asset Management Inc. purchased a new stake in First Advantage in the 2nd quarter valued at $211,000. Truist Financial Corp bought a new position in First Advantage during the 2nd quarter valued at $234,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in First Advantage by 16.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,478 shares of the company's stock worth $252,000 after acquiring an additional 2,163 shares during the last quarter. Institutional investors and hedge funds own 94.91% of the company's stock.
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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