First Advantage Co. $FA Shares Bought by Advantage Alpha Capital Partners LP

Key Points

• Advantage Alpha Capital Partners LP increased its stake in First Advantage Co. by 45.4%, acquiring a total of 391,349 shares during the first quarter.
• First Advantage reported an earnings per share (EPS) of $0.27 for the last quarter, surpassing analysts' expectations of $0.24, with a significant revenue increase of 111.7% year-over-year.
• The stock currently has an average rating of "Hold" among analysts, with a consensus target price of $20.25.

Advantage Alpha Capital Partners LP lifted its position in shares of First Advantage Co. (NYSE:FA - Free Report) by 45.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 391,349 shares of the company's stock after purchasing an additional 122,253 shares during the period. First Advantage comprises about 1.4% of Advantage Alpha Capital Partners LP's holdings, making the stock its 17th largest position. Advantage Alpha Capital Partners LP owned 0.23% of First Advantage worth $5,514,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC acquired a new stake in shares of First Advantage during the first quarter worth about $30,000. Cornerstone Planning Group LLC acquired a new stake in shares of First Advantage during the first quarter worth about $63,000. GAMMA Investing LLC increased its position in shares of First Advantage by 748.5% during the first quarter. GAMMA Investing LLC now owns 6,890 shares of the company's stock worth $97,000 after purchasing an additional 6,078 shares in the last quarter. Summit Investment Advisors Inc. increased its position in shares of First Advantage by 15.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company's stock worth $117,000 after purchasing an additional 832 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of First Advantage by 2,967.1% during the first quarter. Russell Investments Group Ltd. now owns 9,232 shares of the company's stock worth $130,000 after buying an additional 8,931 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 recently issued reports on FA. Needham & Company LLC reissued a "hold" rating on shares of First Advantage in a report on Thursday. Royal Bank Of Canada lowered First Advantage from an "outperform" rating to a "sector perform" rating and set a $20.00 price target on the stock. in a report on Friday, May 9th. Finally, Barclays raised their price target on First Advantage from $15.00 to $18.00 and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $20.25.

First Advantage Stock Performance

FA traded up $0.80 during trading on Friday, reaching $17.12. The company's stock had a trading volume of 1,153,517 shares, compared to its average volume of 1,064,122. First Advantage Co. has a 52-week low of $12.32 and a 52-week high of $20.79. The company's fifty day moving average price is $17.07 and its 200-day moving average price is $16.29. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 570.67 and a beta of 1.24. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85.

First Advantage (NYSE:FA - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.03. First Advantage had a return on equity of 13.16% and a net margin of 0.65%.During the same period last year, the firm posted $0.21 EPS. First Advantage's quarterly revenue was up 111.7% compared to the same quarter last year. First Advantage has set its FY 2025 guidance at 0.860-1.030 EPS. On average, equities analysts forecast that First Advantage Co. will post 0.74 earnings per share 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.