Swiss National Bank Purchases 50,944 Shares of First Advantage Co. (NYSE:FA)

Swiss National Bank raised its holdings in First Advantage Co. (NYSE:FA - Free Report) by 50.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,044 shares of the company's stock after purchasing an additional 50,944 shares during the period. Swiss National Bank owned 0.09% of First Advantage worth $2,829,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of FA. Intech Investment Management LLC bought a new position in First Advantage in the 3rd quarter worth about $250,000. Brighton Jones LLC purchased a new stake in shares of First Advantage in the fourth quarter worth about $257,000. Natixis Advisors LLC bought a new position in shares of First Advantage in the third quarter valued at approximately $298,000. Truist Financial Corp grew its stake in 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 acquiring an additional 5,197 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased 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 acquiring an additional 2,938 shares during the period. Institutional investors own 94.91% of the company's stock.

First Advantage Price Performance

Shares of FA traded down $0.29 during midday trading on Friday, reaching $13.93. The stock had a trading volume of 1,082,654 shares, compared to its average volume of 669,873. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 464.33 and a beta of 1.21. The company's 50-day moving average is $16.70 and its 200 day moving average is $18.14. First Advantage Co. has a 12-month low of $12.55 and a 12-month high of $20.79.

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Analyst Ratings Changes

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

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.