Advantage Alpha Capital Partners LP Buys 122,253 Shares of First Advantage Co. $FA

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 grew its holdings in shares of First Advantage Co. (NYSE:FA - Free Report) by 45.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 391,349 shares of the company's stock after buying an additional 122,253 shares during the quarter. First Advantage makes up 1.4% of Advantage Alpha Capital Partners LP's portfolio, making the stock its 17th largest position. Advantage Alpha Capital Partners LP owned about 0.23% of First Advantage worth $5,514,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its position in First Advantage by 200.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,409,427 shares of the company's stock worth $62,130,000 after buying an additional 2,940,155 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of First Advantage by 139.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,168,792 shares of the company's stock valued at $30,559,000 after purchasing an additional 1,262,787 shares during the period. Boston Partners raised its holdings in shares of First Advantage by 9.8% in the 1st quarter. Boston Partners now owns 2,421,573 shares of the company's stock valued at $33,954,000 after purchasing an additional 216,282 shares during the period. Leith Wheeler Investment Counsel Ltd. raised its holdings in shares of First Advantage by 1.3% in the 1st quarter. Leith Wheeler Investment Counsel Ltd. now owns 571,464 shares of the company's stock valued at $8,052,000 after purchasing an additional 7,154 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in shares of First Advantage by 2,967.1% in the 1st quarter. Russell Investments Group Ltd. now owns 9,232 shares of the company's stock valued at $130,000 after purchasing an additional 8,931 shares during the period. 94.91% of the stock is owned by institutional investors.

First Advantage Stock Performance

Shares of NYSE:FA traded up $0.03 on Wednesday, reaching $16.42. 117,344 shares of the company's stock were exchanged, compared to its average volume of 1,052,048. The company has a fifty day moving average of $17.03 and a 200-day moving average of $16.28. First Advantage Co. has a twelve month low of $12.32 and a twelve month high of $20.79. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 547.17 and a beta of 1.24. 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 (NYSE:FA - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. During the same quarter last year, the firm posted $0.21 EPS. The business's revenue for the quarter was up 111.7% on a year-over-year basis. First Advantage has set its FY 2025 guidance at 0.860-1.030 EPS. On average, research analysts predict that First Advantage Co. will post 0.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on FA shares. Needham & Company LLC reaffirmed a "hold" rating on shares of First Advantage in a report on Thursday, August 21st. Barclays upped their target price on shares of First Advantage from $15.00 to $18.00 and gave the company an "equal weight" rating in a report on Thursday, May 29th. Finally, Royal Bank Of Canada cut shares of First Advantage from an "outperform" rating to a "sector perform" rating and set a $20.00 target price on the stock. in a report on Friday, May 9th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $20.25.

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.