First Advantage Co. (NYSE:FA) Stock Position Lifted by Fmr LLC

FMR LLC boosted its stake in First Advantage Co. (NYSE:FA - Free Report) by 49.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,350,192 shares of the company's stock after acquiring an additional 2,750,166 shares during the quarter. FMR LLC owned about 4.84% of First Advantage worth $156,399,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Pictet Asset Management Holding SA purchased a new stake in First Advantage during the 4th quarter worth approximately $210,000. Brighton Jones LLC bought a new stake in shares of First Advantage in the fourth quarter worth $257,000. Truist Financial Corp raised its holdings in First Advantage by 37.4% in 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. Oppenheimer Asset Management Inc. boosted its stake in First Advantage by 17.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 19,626 shares of the company's stock valued at $368,000 after acquiring an additional 2,938 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in First Advantage during the 4th quarter worth $375,000. Hedge funds and other institutional investors own 94.91% of the company's stock.

Wall Street Analyst Weigh In

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

Remove Ads

First Advantage Stock Performance

NYSE FA traded down $1.04 during trading hours on Tuesday, hitting $13.97. The company had a trading volume of 2,062,934 shares, compared to its average volume of 740,634. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. The firm has a market cap of $2.42 billion, a P/E ratio of 465.67 and a beta of 1.20. First Advantage Co. has a fifty-two week low of $12.32 and a fifty-two week high of $20.79. The business has a fifty day simple moving average of $15.38 and a 200-day simple moving average of $17.63.

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.