Renaissance Technologies LLC Reduces Position in First Advantage Co. (NYSE:FA)

Renaissance Technologies LLC reduced its stake in First Advantage Co. (NYSE:FA - Free Report) by 64.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,400 shares of the company's stock after selling 91,700 shares during the period. Renaissance Technologies LLC's holdings in First Advantage were worth $810,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of FA. Oppenheimer Asset Management Inc. purchased a new stake in shares of First Advantage in the 2nd quarter worth approximately $211,000. Price T Rowe Associates Inc. MD raised its holdings in shares of First Advantage by 16.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,478 shares of the company's stock worth $252,000 after purchasing an additional 2,163 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in First Advantage by 38.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,948 shares of the company's stock valued at $256,000 after buying an additional 4,414 shares during the period. Trium Capital LLP acquired a new stake in shares of First Advantage in the second quarter valued at about $324,000. Finally, MQS Management LLC acquired a new stake in shares of First Advantage in the first quarter valued at about $334,000. 94.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FA has been the subject of several analyst reports. Truist Financial lowered their price target on shares of First Advantage from $250.00 to $249.00 and set a "buy" rating for the company in a report on Monday, July 22nd. Citigroup upped their price objective on shares of First Advantage from $19.00 to $21.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 25th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, First Advantage has a consensus rating of "Moderate Buy" and an average price target of $77.25.

First Advantage Trading Up 0.4 %

Shares of First Advantage stock traded up $0.08 during trading on Tuesday, reaching $19.74. 284,910 shares of the company were exchanged, compared to its average volume of 423,262. The business has a 50-day moving average price of $18.65 and a 200-day moving average price of $17.04. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 89.36 and a beta of 1.16. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 0.61. First Advantage Co. has a twelve month low of $12.46 and a twelve month high of $20.07.

First Advantage (NYSE:FA - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.21 earnings per share for the quarter, hitting analysts' consensus estimates of $0.21. First Advantage had a return on equity of 13.94% and a net margin of 3.24%. The company had revenue of $184.55 million for the quarter, compared to analyst estimates of $184.66 million. During the same quarter last year, the company earned $0.24 earnings per share. The firm's quarterly revenue was down .4% compared to the same quarter last year. Sell-side analysts anticipate that First Advantage Co. will post 0.82 EPS for the current fiscal year.

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.