Barclays PLC Purchases 27,658 Shares of First Advantage Co. (NYSE:FA)

Barclays PLC increased its stake in shares of First Advantage Co. (NYSE:FA - Free Report) by 33.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,327 shares of the company's stock after purchasing an additional 27,658 shares during the quarter. Barclays PLC owned approximately 0.06% of First Advantage worth $2,048,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in FA. Summit Investment Advisors Inc. raised its position in shares of First Advantage by 15.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company's stock worth $117,000 after buying an additional 832 shares during the period. Pictet Asset Management Holding SA purchased a new stake in First Advantage during the 4th quarter worth $210,000. Brighton Jones LLC acquired a new position in First Advantage during the 4th quarter worth approximately $257,000. Truist Financial Corp boosted its stake in shares of 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 purchasing an additional 5,197 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its position in First Advantage by 17.6% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 19,626 shares of the company's stock valued at $368,000 after buying an additional 2,938 shares during the last quarter. Institutional investors and hedge funds own 94.91% of the company's stock.

Analyst Upgrades and Downgrades

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

First Advantage Trading Up 1.0 %

Shares of First Advantage stock traded up $0.15 during trading on Wednesday, reaching $14.97. 1,559,724 shares of the company were exchanged, compared to its average volume of 780,352. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 499.00 and a beta of 1.20. The business has a 50-day moving average price of $13.91 and a 200-day moving average price of $17.01. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. First Advantage Co. has a twelve month low of $12.32 and a twelve month 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.