Capital Research Global Investors Increases Holdings in First Advantage Co. (NYSE:FA)

Capital Research Global Investors raised its position in shares of First Advantage Co. (NYSE:FA - Free Report) by 4.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,223,937 shares of the company's stock after buying an additional 286,456 shares during the quarter. Capital Research Global Investors owned 3.60% of First Advantage worth $116,574,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FA. Summit Investment Advisors Inc. lifted its position in shares of First Advantage by 15.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company's stock worth $117,000 after purchasing an additional 832 shares in the last quarter. Pictet Asset Management Holding SA bought a new stake in shares of First Advantage in the fourth quarter valued at about $210,000. Brighton Jones LLC acquired a new position in First Advantage during the 4th quarter worth approximately $257,000. Truist Financial Corp boosted its holdings in First Advantage by 37.4% during the fourth quarter. Truist Financial Corp now owns 19,095 shares of the company's stock worth $358,000 after purchasing an additional 5,197 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in First Advantage by 17.6% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 19,626 shares of the company's stock valued at $368,000 after purchasing an additional 2,938 shares in the last quarter. Institutional investors and hedge funds own 94.91% of the company's stock.

First Advantage Price Performance

Shares of First Advantage stock traded down $0.23 during trading on Friday, hitting $14.05. The stock had a trading volume of 1,307,715 shares, compared to its average volume of 758,275. The business's 50-day moving average is $14.54 and its 200 day moving average is $17.34. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 468.33 and a beta of 1.20. First Advantage Co. has a 12 month low of $12.32 and a 12 month high of $20.79. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61.

Analyst Upgrades and Downgrades

Several analysts have issued reports on FA shares. Royal Bank of Canada restated an "outperform" rating and issued a $22.00 price objective on shares of First Advantage in a research note on Thursday, January 23rd. BMO Capital Markets lowered their price objective on shares of First Advantage from $24.00 to $22.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd. William Blair reiterated an "outperform" rating on shares of First Advantage in a research report on Friday, February 28th. Finally, Barclays reaffirmed an "equal weight" rating and issued a $15.00 price objective (down previously from $20.00) on shares of First Advantage in a research note on Thursday, April 10th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, First Advantage has an average rating of "Moderate Buy" and a consensus price target of $65.80.

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.