First Advantage (NYSE:FA) Downgraded by Barclays

Barclays cut shares of First Advantage (NYSE:FAGet Rating) from an overweight rating to an equal weight rating in a research report report published on Friday, MarketBeat.com reports. Barclays currently has $14.00 price target on the stock, down from their previous price target of $20.00.

Other equities analysts also recently issued reports about the stock. Royal Bank of Canada decreased their price target on shares of First Advantage from $15.00 to $14.00 and set an outperform rating on the stock in a research note on Wednesday, November 9th. Needham & Company LLC assumed coverage on shares of First Advantage in a research report on Tuesday, September 20th. They set a hold rating on the stock. Finally, Jefferies Financial Group cut First Advantage from a buy rating to a hold rating and cut their price target for the company from $19.00 to $13.00 in a research note on Tuesday, October 25th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, First Advantage currently has a consensus rating of Hold and an average target price of $13.67.

First Advantage Stock Performance

Shares of NYSE FA opened at $12.28 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 5.15 and a quick ratio of 5.15. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 31.49, a P/E/G ratio of 1.71 and a beta of 1.43. The stock’s fifty day moving average price is $13.39 and its two-hundred day moving average price is $13.96. First Advantage has a one year low of $10.07 and a one year high of $21.01.

Institutional Trading of First Advantage

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in First Advantage by 16.2% during the first quarter. Vanguard Group Inc. now owns 4,851,255 shares of the company’s stock worth $97,948,000 after purchasing an additional 675,006 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in First Advantage by 13.5% in the second quarter. JPMorgan Chase & Co. now owns 4,720,806 shares of the company’s stock valued at $59,813,000 after buying an additional 560,137 shares in the last quarter. Capital World Investors grew its position in First Advantage by 5.1% in the first quarter. Capital World Investors now owns 4,611,684 shares of the company’s stock valued at $93,110,000 after acquiring an additional 222,034 shares during the last quarter. BlackRock Inc. raised its stake in First Advantage by 3.1% during the first quarter. BlackRock Inc. now owns 3,256,515 shares of the company’s stock worth $65,747,000 after acquiring an additional 98,570 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of First Advantage by 19.3% in the second quarter. FMR LLC now owns 2,708,478 shares of the company’s stock worth $34,316,000 after acquiring an additional 438,567 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

About First Advantage

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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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Analyst Recommendations for First Advantage (NYSE:FA)

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