First Advantage (NYSE:FA) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

First Advantage (NYSE:FAGet Rating) issued its quarterly earnings data on Wednesday. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02, MarketWatch Earnings reports. First Advantage updated its FY 2022 guidance to EPS.

First Advantage stock opened at $14.63 on Friday. First Advantage has a 12 month low of $14.17 and a 12 month high of $24.73. The business has a 50 day simple moving average of $17.86 and a 200-day simple moving average of $17.84. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.26 and a current ratio of 4.26.

A number of large investors have recently modified their holdings of the business. Royal Bank of Canada purchased a new position in First Advantage during the 3rd quarter worth approximately $63,000. Morgan Stanley purchased a new position in First Advantage during the second quarter worth $96,000. Invesco Ltd. purchased a new stake in shares of First Advantage in the third quarter valued at $195,000. Citigroup Inc. boosted its holdings in First Advantage by 339.6% in the fourth quarter. Citigroup Inc. now owns 14,659 shares of the company’s stock valued at $279,000 after acquiring an additional 11,324 shares during the last quarter. Finally, Natixis Advisors L.P. acquired a new position in First Advantage in the first quarter valued at $292,000. Institutional investors own 92.01% of the company’s stock.

A number of research firms have weighed in on FA. Zacks Investment Research raised shares of First Advantage from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Monday, March 28th. Bank of America initiated coverage on shares of First Advantage in a research note on Friday, March 11th. They issued a “buy” rating on the stock. Finally, Barclays decreased their target price on shares of First Advantage from $30.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 16th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $24.06.

First Advantage Company Profile (Get Rating)

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.

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