First Advantage (NYSE:FA) Price Target Cut to $17.00 by Analysts at JPMorgan Chase & Co.

First Advantage (NYSE:FA) had its price target reduced by JPMorgan Chase & Co. from $21.00 to $17.00 in a research note released on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other analysts have also issued research reports about the stock. Needham & Company LLC reiterated a “hold” rating on shares of First Advantage in a research report on Thursday, August 21st. Zacks Research downgraded shares of First Advantage from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $19.25.

First Advantage Trading Down 3.6%

First Advantage stock traded down $0.49 during trading hours on Friday, hitting $13.31. The stock had a trading volume of 1,064,607 shares, compared to its average volume of 1,000,871. The business’s 50 day simple moving average is $14.79 and its 200-day simple moving average is $16.17. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. First Advantage has a one year low of $12.25 and a one year high of $20.79. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 443.67 and a beta of 1.19.

First Advantage (NYSE:FA) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. First Advantage had a return on equity of 13.16% and a net margin of 0.65%.During the same quarter in the prior year, the business earned $0.26 earnings per share. The firm’s quarterly revenue was up 105.5% compared to the same quarter last year. First Advantage has set its FY 2025 guidance at 0.980-1.020 EPS. On average, equities analysts predict that First Advantage will post 0.74 EPS for the current fiscal year.

Insider Activity at First Advantage

In other news, President Joelle M. Smith sold 9,900 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $15.70, for a total value of $155,430.00. Following the sale, the president owned 42,727 shares in the company, valued at $670,813.90. This represents a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Signaturefd LLC purchased a new stake in First Advantage in the 1st quarter valued at $30,000. Caitong International Asset Management Co. Ltd boosted its position in shares of First Advantage by 1,208.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 2,368 shares of the company’s stock valued at $39,000 after acquiring an additional 2,187 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of First Advantage in the second quarter valued at about $81,000. Parkside Financial Bank & Trust increased its position in First Advantage by 22.8% during the second quarter. Parkside Financial Bank & Trust now owns 7,164 shares of the company’s stock worth $119,000 after purchasing an additional 1,328 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in First Advantage by 105.7% during the second quarter. BNP Paribas Financial Markets now owns 7,166 shares of the company’s stock worth $119,000 after purchasing an additional 3,682 shares during the last quarter. 94.91% of the stock is owned by institutional investors and hedge funds.

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.