T. Rowe Price Investment Management Inc. Invests $16.97 Million in First Advantage Co. (NYSE:FA)

T. Rowe Price Investment Management Inc. purchased a new stake in First Advantage Co. (NYSE:FA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 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 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Barclays PLC increased its stake in First Advantage by 57.3% in the third 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. boosted its holdings in shares of First Advantage by 48.0% in 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 increased 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 valued at $358,000 after purchasing an additional 5,197 shares during the last quarter. Cortland Associates Inc. MO purchased a new position in shares of First Advantage during the 4th quarter valued at about $24,328,000. Finally, New York State Common Retirement Fund lifted its position in First Advantage by 29.8% in the 4th 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 during the last quarter. Institutional investors own 94.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on FA shares. William Blair reiterated an "outperform" rating on shares of First Advantage in a research report on Friday, February 28th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $22.00 target price on shares of First Advantage in a report on Thursday, January 23rd. BMO Capital Markets lowered their price target on shares of First Advantage from $24.00 to $22.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. Finally, Barclays reaffirmed 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 analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, First Advantage has a consensus rating of "Moderate Buy" and a consensus target price of $65.80.

First Advantage Trading Up 3.6 %

Shares of FA stock traded up $0.52 during mid-day trading on Friday, reaching $14.98. The stock had a trading volume of 837,606 shares, compared to its average volume of 774,018. The firm has a market capitalization of $2.60 billion, a PE ratio of 499.33 and a beta of 1.20. The stock's 50-day moving average price is $14.01 and its two-hundred day moving average price is $17.10. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61. First Advantage Co. has a 52-week low of $12.32 and a 52-week high of $20.79.

About First Advantage

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.