906,005 Shares in First Advantage Co. (NYSE:FA) Purchased by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. bought a new position in First Advantage Co. (NYSE:FA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 906,005 shares of the company's stock, valued at approximately $16,970,000. T. Rowe Price Investment Management Inc. owned about 0.52% of First Advantage as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Summit Investment Advisors Inc. raised its holdings in First Advantage by 15.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company's stock worth $117,000 after buying an additional 832 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of First Advantage by 1,219.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,555 shares of the company's stock valued at $198,000 after purchasing an additional 9,755 shares during the last quarter. Pictet Asset Management Holding SA purchased a new position in shares of First Advantage during the fourth quarter valued at approximately $210,000. Brighton Jones LLC purchased a new position in shares of First Advantage during the fourth quarter valued at approximately $257,000. Finally, Truist Financial Corp raised its holdings in shares of First Advantage by 37.4% during the fourth quarter. Truist Financial Corp now owns 19,095 shares of the company's stock valued at $358,000 after purchasing an additional 5,197 shares during the last quarter. 94.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FA has been the subject of several research reports. William Blair reissued an "outperform" rating on shares of First Advantage in a report on Friday, February 28th. BMO Capital Markets reduced their target price on shares of First Advantage from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $22.00 target price on shares of First Advantage in a report on Thursday, January 23rd. Finally, Barclays reaffirmed an "equal weight" rating and set a $15.00 target price (down from $20.00) on shares of First Advantage in a report on Thursday, April 10th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, First Advantage currently has a consensus rating of "Moderate Buy" and a consensus target price of $65.80.

First Advantage Price Performance

Shares of First Advantage stock opened at $14.05 on Monday. The stock's 50-day simple moving average is $14.43 and its 200-day simple moving average is $17.27. First Advantage Co. has a 52 week low of $12.32 and a 52 week high of $20.79. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 468.33 and a beta of 1.20. 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 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.

Want to see what other hedge funds are holding FA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Advantage Co. (NYSE:FA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.