Bank of America Corp DE Sells 161,373 Shares of First Advantage Co. $FA

Bank of America Corp DE lowered its stake in First Advantage Co. (NYSE:FA - Free Report) by 25.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 468,053 shares of the company's stock after selling 161,373 shares during the period. Bank of America Corp DE owned 0.27% of First Advantage worth $5,504,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of FA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of First Advantage by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,567 shares of the company's stock valued at $501,000 after purchasing an additional 1,471 shares during the last quarter. Swiss National Bank increased its holdings in First Advantage by 1.6% in the third quarter. Swiss National Bank now owns 151,544 shares of the company's stock valued at $2,332,000 after purchasing an additional 2,400 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in First Advantage by 5.9% in the second quarter. The Manufacturers Life Insurance Company now owns 44,279 shares of the company's stock valued at $735,000 after purchasing an additional 2,463 shares during the last quarter. Clearstead Advisors LLC lifted its stake in First Advantage by 192.8% in the fourth quarter. Clearstead Advisors LLC now owns 4,333 shares of the company's stock valued at $63,000 after buying an additional 2,853 shares during the period. Finally, AQR Capital Management LLC lifted its stake in First Advantage by 26.4% in the fourth quarter. AQR Capital Management LLC now owns 13,751 shares of the company's stock valued at $200,000 after buying an additional 2,875 shares during the period. Institutional investors own 94.91% of the company's stock.

First Advantage Trading Up 2.0%

First Advantage stock opened at $20.93 on Friday. The firm has a 50-day moving average of $20.27 and a 200-day moving average of $15.45. First Advantage Co. has a one year low of $8.82 and a one year high of $25.15. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick ratio of 3.85. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 697.67 and a beta of 1.16.

First Advantage (NYSE:FA - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.29 by $0.06. First Advantage had a return on equity of 13.16% and a net margin of 0.65%.The company's revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 earnings per share. First Advantage has set its FY 2026 guidance at 1.23-1.290 EPS. On average, equities analysts expect that First Advantage Co. will post 0.74 earnings per share for the current fiscal year.

Insider Activity

In other news, Director James Lindsey Clark sold 4,921 shares of the firm's stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $15.69, for a total value of $77,210.49. Following the completion of the sale, the director directly owned 56,844 shares of the company's stock, valued at $891,882.36. This trade represents a 7.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on FA shares. Stifel Nicolaus set a $18.00 price target on First Advantage in a research note on Friday, May 8th. Needham & Company LLC raised shares of First Advantage from a "hold" rating to a "buy" rating and set a $28.00 price objective on the stock in a research note on Thursday, August 6th. Royal Bank Of Canada boosted their price objective on shares of First Advantage from $21.00 to $24.00 and gave the company a "sector perform" rating in a report on Friday, August 7th. JPMorgan Chase & Co. upped their target price on shares of First Advantage from $15.00 to $18.00 and gave the company an "overweight" rating in a research note on Friday, May 8th. Finally, Barclays increased their target price on shares of First Advantage from $20.00 to $30.00 and gave the stock an "overweight" rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $23.33.

First Advantage Profile

First Advantage is a global provider of background screening, identity verification and workforce risk management solutions. The company delivers a comprehensive suite of services that help employers verify candidate credentials, manage regulatory compliance and mitigate risk throughout the employee lifecycle. Its platform is built to integrate with leading human capital management and applicant tracking systems, enabling a seamless and scalable experience for organizations of all sizes.

The company's core offerings include pre-employment and continuous background screening, digital identity verification, drug and health testing, and ongoing employee monitoring.

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