T. Rowe Price Investment Management Inc. Acquires Shares of 906,005 First Advantage Co. (NYSE:FA)

T. Rowe Price Investment Management Inc. acquired 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 Form 13F filing with the Securities & Exchange Commission. The fund acquired 906,005 shares of the company's stock, valued at approximately $16,970,000. T. Rowe Price Investment Management Inc. owned approximately 0.52% of First Advantage at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC grew its stake in First Advantage by 57.3% in the 3rd quarter. Barclays PLC now owns 81,669 shares of the company's stock valued at $1,621,000 after acquiring an additional 29,752 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of First Advantage by 48.0% during the 4th quarter. Vanguard Group Inc. now owns 7,425,305 shares of the company's stock worth $139,076,000 after purchasing an additional 2,409,233 shares in the last quarter. Truist Financial Corp raised its position in shares of First Advantage by 37.4% during the 4th quarter. Truist Financial Corp now owns 19,095 shares of the company's stock worth $358,000 after purchasing an additional 5,197 shares during the last quarter. Cortland Associates Inc. MO purchased a new stake in First Advantage in the 4th quarter valued at approximately $24,328,000. Finally, New York State Common Retirement Fund increased its position in First Advantage by 29.8% during the fourth quarter. New York State Common Retirement Fund now owns 387,320 shares of the company's stock worth $7,255,000 after buying an additional 88,914 shares in the last quarter. 94.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the company. BMO Capital Markets decreased their price objective on First Advantage from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. Royal Bank of Canada reissued an "outperform" rating and issued a $22.00 price objective on shares of First Advantage in a research report on Thursday, January 23rd. William Blair restated an "outperform" rating on shares of First Advantage in a research report on Friday, February 28th. Finally, Barclays reiterated an "equal weight" rating and set a $15.00 target price (down from $20.00) on shares of First Advantage in a research report on Thursday, April 10th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $65.80.

First Advantage Trading Up 2.6 %

Shares of First Advantage stock traded up $0.36 during trading hours on Thursday, hitting $14.46. The company's stock had a trading volume of 1,218,555 shares, compared to its average volume of 768,751. 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 company has a market capitalization of $2.51 billion, a PE ratio of 482.00 and a beta of 1.20. The business has a fifty day moving average of $14.16 and a 200 day moving average of $17.19. First Advantage Co. has a 1-year low of $12.32 and a 1-year high of $20.79.

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.