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

First Advantage (NYSE:FA) had its price target boosted by Evercore ISI from $17.00 to $18.00 in a report issued on Tuesday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

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

First Advantage Trading Up 1.1 %

Shares of FA stock opened at $16.22 on Tuesday. First Advantage has a 1 year low of $12.10 and a 1 year high of $17.49. The firm’s fifty day simple moving average is $16.44 and its 200 day simple moving average is $15.34. The firm has a market capitalization of $2.35 billion, a P/E ratio of 64.88, a price-to-earnings-growth ratio of 1.93 and a beta of 1.21. 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 announced its earnings results on Thursday, February 29th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). First Advantage had a return on equity of 13.84% and a net margin of 4.88%. The company had revenue of $202.56 million for the quarter, compared to the consensus estimate of $211.05 million. As a group, sell-side analysts predict that First Advantage will post 0.91 EPS for the current year.

Insider Activity

In related news, insider Joseph K. Jaeger sold 20,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $11,802,251.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 4.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG bought a new stake in First Advantage during the 3rd quarter worth about $29,000. Quantbot Technologies LP bought a new stake in First Advantage during the 3rd quarter worth about $60,000. State of Wyoming bought a new stake in First Advantage during the 2nd quarter worth about $65,000. Tower Research Capital LLC TRC raised its holdings in First Advantage by 157.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,244 shares of the company’s stock worth $67,000 after purchasing an additional 3,211 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in First Advantage by 1,797.3% during the 3rd quarter. Royal Bank of Canada now owns 6,280 shares of the company’s stock worth $81,000 after purchasing an additional 5,949 shares during the last quarter. Institutional investors and hedge funds own 94.91% of the company’s stock.

First Advantage Company Profile

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.