First Advantage (NYSE:FA) Receives New Coverage from Analysts at Wolfe Research

Wolfe Research initiated coverage on shares of First Advantage (NYSE:FA) in a research report sent to investors on Wednesday, MarketBeat.com reports. The firm issued an outperform rating and a $17.00 price target on the stock.

Separately, Barclays increased their price target on shares of First Advantage from $14.00 to $16.00 and gave the stock an equal weight rating in a research note on Thursday, August 10th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, First Advantage has a consensus rating of Hold and a consensus target price of $15.17.

First Advantage Stock Performance

First Advantage stock opened at $14.18 on Wednesday. The company has a current ratio of 6.35, a quick ratio of 6.35 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average of $14.59 and a 200-day moving average of $13.92. The firm has a market cap of $2.06 billion, a P/E ratio of 44.31, a P/E/G ratio of 1.53 and a beta of 1.20. First Advantage has a 1-year low of $10.07 and a 1-year high of $15.89.

First Advantage (NYSE:FA) last posted its earnings results on Wednesday, August 9th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The company had revenue of $185.30 million during the quarter, compared to analyst estimates of $182.38 million. First Advantage had a net margin of 6.29% and a return on equity of 12.88%. First Advantage’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 earnings per share. Sell-side analysts expect that First Advantage will post 1.01 EPS for the current year.

First Advantage Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, August 31st. Shareholders of record on Monday, August 21st were paid a dividend of $1.50 per share. The ex-dividend date of this dividend was Friday, August 18th.

Insider Buying and Selling at First Advantage

In other First Advantage news, Director Lake Group L.L.C. Silver sold 169,510 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $14.29, for a total transaction of $2,422,297.90. Following the completion of the transaction, the director now owns 153,329 shares of the company’s stock, valued at $2,191,071.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other First Advantage news, insider Bret T. Jardine sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $15.20, for a total transaction of $182,400.00. Following the completion of the transaction, the insider now owns 4,537 shares of the company’s stock, valued at $68,962.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lake Group L.L.C. Silver sold 169,510 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $14.29, for a total transaction of $2,422,297.90. Following the transaction, the director now directly owns 153,329 shares of the company’s stock, valued at approximately $2,191,071.41. The disclosure for this sale can be found here. Insiders own 4.70% of the company’s stock.

Institutional Investors Weigh In On First Advantage

A number of institutional investors have recently made changes to their positions in the company. Los Angeles Capital Management LLC grew its holdings in shares of First Advantage by 3.8% during the second quarter. Los Angeles Capital Management LLC now owns 27,652 shares of the company’s stock valued at $426,000 after buying an additional 1,025 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of First Advantage by 10.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,157 shares of the company’s stock valued at $156,000 after buying an additional 1,082 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of First Advantage by 7.8% during the second quarter. Arizona State Retirement System now owns 16,603 shares of the company’s stock valued at $256,000 after buying an additional 1,196 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of First Advantage by 2.4% during the second quarter. California State Teachers Retirement System now owns 70,200 shares of the company’s stock valued at $1,082,000 after buying an additional 1,655 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of First Advantage by 15.3% during the second quarter. Stifel Financial Corp now owns 12,800 shares of the company’s stock valued at $197,000 after buying an additional 1,700 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 technology solutions for screening, verifications, safety, and compliance related to human capital 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.