Evercore ISI Raises First Advantage (NYSE:FA) Price Target to $18.00

First Advantage (NYSE:FA) had its target price hoisted by Evercore ISI from $17.00 to $18.00 in a research note published on Tuesday, Benzinga reports. They currently have an outperform rating on the stock.

Separately, Stifel Nicolaus upped their price target on shares of First Advantage from $16.00 to $21.00 and gave the company a buy rating in a report on Thursday, March 14th.

First Advantage Stock Up 1.1 %

FA stock opened at $16.22 on Tuesday. The company has a market cap of $2.35 billion, a P/E ratio of 64.88, a P/E/G ratio of 1.91 and a beta of 1.21. First Advantage has a 52 week low of $12.10 and a 52 week high of $17.49. The company’s 50-day moving average price is $16.44 and its 200 day moving average price is $15.32. The company has a current ratio of 4.39, a quick ratio of 4.39 and a debt-to-equity ratio of 0.62.

First Advantage (NYSE:FA) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The company had revenue of $202.56 million for the quarter, compared to analysts’ expectations of $211.05 million. First Advantage had a return on equity of 13.84% and a net margin of 4.88%. On average, research analysts expect that First Advantage will post 0.91 earnings per share for the current fiscal year.

Insider Buying and Selling at First Advantage

In related news, insider Joseph K. Jaeger sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $16.95, for a total transaction of $339,000.00. Following the transaction, the insider now owns 696,298 shares of the company’s stock, valued at $11,802,251.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.70% of the company’s stock.

Hedge Funds Weigh In On First Advantage

Institutional investors and hedge funds have recently modified their holdings of the company. Legal & General Group Plc increased its position in shares of First Advantage by 1.3% in the third quarter. Legal & General Group Plc now owns 56,609 shares of the company’s stock worth $781,000 after acquiring an additional 741 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in First Advantage by 7.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,315 shares of the company’s stock valued at $221,000 after acquiring an additional 977 shares during the last quarter. California State Teachers Retirement System boosted its stake in First Advantage by 2.4% during the 2nd quarter. California State Teachers Retirement System now owns 70,200 shares of the company’s stock valued at $1,082,000 after acquiring an additional 1,655 shares during the last quarter. Stifel Financial Corp boosted its stake in First Advantage by 15.3% during the 2nd quarter. Stifel Financial Corp now owns 12,800 shares of the company’s stock valued at $197,000 after acquiring an additional 1,700 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in First Advantage by 0.4% during the 4th quarter. Deutsche Bank AG now owns 453,582 shares of the company’s stock valued at $5,897,000 after acquiring an additional 1,815 shares during the last quarter. Hedge funds and other institutional investors own 94.91% of the company’s stock.

About First Advantage

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.