First Advantage (NYSE:FA) Given New $21.00 Price Target at Stifel Nicolaus

First Advantage (NYSE:FA) had its target price increased by Stifel Nicolaus from $16.00 to $21.00 in a research note issued to investors on Thursday, Benzinga reports. They currently have a buy rating on the stock.

First Advantage Price Performance

FA stock traded down $0.04 during trading on Thursday, hitting $15.81. The stock had a trading volume of 451,646 shares, compared to its average volume of 419,040. The company’s 50 day moving average price is $16.42 and its two-hundred day moving average price is $15.20. First Advantage has a 1-year low of $12.10 and a 1-year high of $17.49. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 63.24, a price-to-earnings-growth ratio of 1.92 and a beta of 1.21. The company has a debt-to-equity ratio of 0.62, a quick ratio of 4.39 and a current ratio of 4.39.

Insider Activity

In other news, insider Joseph K. Jaeger sold 20,000 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $16.95, for a total transaction of $339,000.00. Following the completion of the sale, the insider now owns 696,298 shares in the company, valued at approximately $11,802,251.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.70% of the company’s stock.

Hedge Funds Weigh In On First Advantage

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in First Advantage by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 5,026,573 shares of the company’s stock worth $83,290,000 after acquiring an additional 29,403 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in First Advantage by 7.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,315 shares of the company’s stock worth $221,000 after acquiring an additional 977 shares during the period. Barclays PLC boosted its holdings in First Advantage by 332.2% in the 4th quarter. Barclays PLC now owns 84,357 shares of the company’s stock worth $1,397,000 after acquiring an additional 64,839 shares during the period. Palisade Capital Management LP purchased a new position in shares of First Advantage during the 4th quarter valued at approximately $6,176,000. Finally, Cat Rock Capital Management LP boosted its stake in shares of First Advantage by 10.0% during the 4th quarter. Cat Rock Capital Management LP now owns 3,325,859 shares of the company’s stock valued at $55,109,000 after buying an additional 303,000 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 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.