Steven Irwin Marks Purchases 1,000 Shares of First Advantage Co. (NYSE:FA) Stock

First Advantage Co. (NYSE:FA - Get Free Report) CFO Steven Irwin Marks purchased 1,000 shares of the company's stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average price of $13.50 per share, for a total transaction of $13,500.00. Following the purchase, the chief financial officer now owns 20,189 shares in the company, valued at $272,551.50. This trade represents a 5.21 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

First Advantage Price Performance

FA stock traded down $0.05 during trading on Thursday, reaching $12.66. 838,254 shares of the company were exchanged, compared to its average volume of 894,164. First Advantage Co. has a twelve month low of $12.55 and a twelve month high of $20.79. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick ratio of 3.85. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 422.00 and a beta of 1.21. The company has a 50-day moving average of $17.71 and a two-hundred day moving average of $18.60.

Analyst Upgrades and Downgrades

FA has been the subject of several research reports. Needham & Company LLC restated a "hold" rating on shares of First Advantage in a research report on Wednesday, November 13th. William Blair restated an "outperform" rating on shares of First Advantage in a research note on Friday, February 28th. BMO Capital Markets decreased their target price on shares of First Advantage from $24.00 to $22.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $22.00 price objective on shares of First Advantage in a report on Thursday, January 23rd. Finally, Barclays reduced their target price on First Advantage from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $53.29.

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Hedge Funds Weigh In On First Advantage

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Summit Investment Advisors Inc. raised its holdings in First Advantage by 15.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company's stock valued at $117,000 after buying an additional 832 shares during the last quarter. Advisory Research Inc. lifted its holdings in shares of First Advantage by 0.6% during the fourth quarter. Advisory Research Inc. now owns 212,446 shares of the company's stock worth $3,979,000 after purchasing an additional 1,216 shares during the period. Corebridge Financial Inc. increased its holdings in First Advantage by 9.6% in the fourth quarter. Corebridge Financial Inc. now owns 29,784 shares of the company's stock valued at $558,000 after purchasing an additional 2,607 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in First Advantage by 17.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 19,626 shares of the company's stock worth $368,000 after buying an additional 2,938 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of First Advantage by 9.0% in the 3rd quarter. Victory Capital Management Inc. now owns 39,510 shares of the company's stock valued at $784,000 after buying an additional 3,249 shares during the last quarter. Institutional investors and hedge funds own 94.91% of the company's stock.

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.