ASK Capital Management LLC Acquires Shares of 142,070 First Advantage Co. (NYSE:FA)

ASK Capital Management LLC bought a new position in shares of First Advantage Co. (NYSE:FA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 142,070 shares of the company's stock, valued at approximately $2,661,000. First Advantage makes up about 0.6% of ASK Capital Management LLC's investment portfolio, making the stock its 3rd largest holding. ASK Capital Management LLC owned about 0.08% of First Advantage at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Summit Investment Advisors Inc. boosted its position in shares of First Advantage by 15.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company's stock worth $117,000 after acquiring an additional 832 shares during the last quarter. Advisory Research Inc. increased its position in shares of First Advantage by 0.6% in the 4th 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 last quarter. Corebridge Financial Inc. raised its stake in First Advantage by 9.6% during the fourth quarter. Corebridge Financial Inc. now owns 29,784 shares of the company's stock valued at $558,000 after buying an additional 2,607 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in First Advantage by 17.6% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 19,626 shares of the company's stock valued at $368,000 after purchasing an additional 2,938 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in First Advantage by 7.2% during the fourth quarter. Alliancebernstein L.P. now owns 59,600 shares of the company's stock worth $1,116,000 after acquiring an additional 4,000 shares during the period. 94.91% of the stock is currently owned by institutional investors and hedge funds.

First Advantage Stock Performance

FA traded up $2.81 during trading on Thursday, hitting $17.78. The stock had a trading volume of 1,236,194 shares, compared to its average volume of 782,421. First Advantage Co. has a one year low of $11.20 and a one year 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 firm has a market cap of $3.09 billion, a price-to-earnings ratio of 592.67 and a beta of 1.20. The company has a 50 day moving average price of $13.91 and a 200-day moving average price of $17.01.

First Advantage (NYSE:FA - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.04. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. During the same quarter last year, the business posted $0.17 EPS. The firm's revenue was up 109.3% on a year-over-year basis. As a group, research analysts predict that First Advantage Co. will post 0.74 EPS for the current year.

Analyst Upgrades and Downgrades

FA has been the subject of several research analyst reports. BMO Capital Markets reduced their price objective on shares of First Advantage from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. Royal Bank of Canada reissued an "outperform" rating and issued a $22.00 price target on shares of First Advantage in a research note on Thursday, January 23rd. Barclays reissued an "equal weight" rating and set a $15.00 target price (down from $20.00) on shares of First Advantage in a research note on Thursday, April 10th. Finally, William Blair reissued an "outperform" rating on shares of First Advantage in a research report on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, First Advantage currently has a consensus rating of "Moderate Buy" and a consensus target price of $65.80.

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.