Blair William & Co. IL Purchases New Shares in First Advantage Co. (NYSE:FA)

Blair William & Co. IL acquired a new stake in First Advantage Co. (NYSE:FA) during the second quarter, according to its most recent filing with the SEC. The firm acquired 18,500 shares of the company’s stock, valued at approximately $297,000.

Other hedge funds have also recently bought and sold shares of the company. Leith Wheeler Investment Counsel Ltd. boosted its position in First Advantage by 24.6% in the 1st quarter. Leith Wheeler Investment Counsel Ltd. now owns 603,022 shares of the company’s stock valued at $9,781,000 after buying an additional 119,100 shares during the last quarter. Capital Research Global Investors boosted its position in shares of First Advantage by 9.4% in the 1st quarter. Capital Research Global Investors now owns 5,777,481 shares of the company’s stock worth $93,711,000 after purchasing an additional 496,898 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of First Advantage by 10.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,660,820 shares of the company’s stock worth $44,090,000 after purchasing an additional 255,807 shares during the last quarter. Cat Rock Capital Management LP boosted its position in shares of First Advantage by 10.0% in the 4th quarter. Cat Rock Capital Management LP now owns 3,325,859 shares of the company’s stock worth $55,109,000 after purchasing an additional 303,000 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of First Advantage by 16.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,478 shares of the company’s stock worth $252,000 after purchasing an additional 2,163 shares during the last quarter. 94.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on FA. Citigroup raised their price target on First Advantage from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday. Truist Financial reduced their price target on First Advantage from $250.00 to $249.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $77.25.

First Advantage Stock Performance

Shares of First Advantage stock opened at $19.60 on Friday. The company has a market capitalization of $2.85 billion, a PE ratio of 89.09 and a beta of 1.16. First Advantage Co. has a 12 month low of $12.46 and a 12 month high of $20.07. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.61. The stock’s fifty day simple moving average is $18.26 and its 200 day simple moving average is $16.83.

First Advantage (NYSE:FA) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. The business had revenue of $184.55 million for the quarter, compared to the consensus estimate of $184.66 million. First Advantage had a return on equity of 13.94% and a net margin of 3.24%. The firm’s revenue was down .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 EPS. On average, research analysts predict that First Advantage Co. will post 0.82 EPS for the current year.

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.