First Advantage Co. (NYSE:FA) Shares Sold by Emerald Advisers LLC

Emerald Advisers LLC lowered its holdings in shares of First Advantage Co. (NYSE:FA - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,153,228 shares of the company's stock after selling 29,822 shares during the period. Emerald Advisers LLC owned 0.67% of First Advantage worth $21,600,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of FA. Vanguard Group Inc. boosted its stake in shares of First Advantage by 48.0% during the fourth quarter. Vanguard Group Inc. now owns 7,425,305 shares of the company's stock worth $139,076,000 after buying an additional 2,409,233 shares during the period. FMR LLC lifted its position in First Advantage by 50.8% during the 3rd quarter. FMR LLC now owns 5,600,026 shares of the company's stock worth $111,161,000 after acquiring an additional 1,886,716 shares during the period. American Century Companies Inc. grew its stake in shares of First Advantage by 337.3% in the 4th quarter. American Century Companies Inc. now owns 3,584,054 shares of the company's stock valued at $67,129,000 after purchasing an additional 2,764,534 shares during the last quarter. Boston Partners increased its holdings in shares of First Advantage by 2.3% in the fourth quarter. Boston Partners now owns 2,205,291 shares of the company's stock valued at $41,253,000 after purchasing an additional 50,240 shares during the period. Finally, Cortland Associates Inc. MO purchased a new stake in shares of First Advantage during the fourth quarter worth approximately $24,328,000. 94.91% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

FA has been the topic of several recent research reports. William Blair reissued an "outperform" rating on shares of First Advantage in a research note on Friday, February 28th. Royal Bank of Canada reiterated an "outperform" rating and set a $22.00 price target on shares of First Advantage in a research note on Thursday, January 23rd. Barclays reduced their price objective on shares of First Advantage from $22.00 to $20.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. Finally, BMO Capital Markets dropped their target price on First Advantage from $24.00 to $22.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, First Advantage has an average rating of "Moderate Buy" and an average price target of $66.80.

First Advantage Price Performance

Shares of First Advantage stock traded up $0.01 on Thursday, hitting $14.22. The company's stock had a trading volume of 1,289,315 shares, compared to its average volume of 654,296. The company has a market capitalization of $2.47 billion, a P/E ratio of 474.00 and a beta of 1.21. First Advantage Co. has a 52-week low of $12.55 and a 52-week high of $20.79. The firm has a fifty day moving average price of $16.80 and a 200-day moving average price of $18.19. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61.

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.