First Advantage Co. $FA Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. reduced its stake in First Advantage Co. by 1.4%, owning 7,320,188 shares worth approximately $103.14 million, following the sale of 105,117 shares in the first quarter.
• First Advantage's stock rose 4.9%, and it reported earnings of $0.27 per share, exceeding analysts' expectations of $0.24, with revenue increasing 111.7% compared to the previous year.
• Analysts currently have a consensus rating of "Hold" for First Advantage, with an average target price of $20.25, following mixed adjustments from various firms.

Vanguard Group Inc. lowered its holdings in First Advantage Co. (NYSE:FA - Free Report) by 1.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,320,188 shares of the company's stock after selling 105,117 shares during the quarter. Vanguard Group Inc. owned 4.22% of First Advantage worth $103,141,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FA. Brighton Jones LLC purchased a new stake in First Advantage in the fourth quarter valued at $257,000. Wells Fargo & Company MN raised its position in First Advantage by 62.6% in the fourth quarter. Wells Fargo & Company MN now owns 30,927 shares of the company's stock valued at $579,000 after purchasing an additional 11,905 shares during the period. Envestnet Asset Management Inc. raised its position in First Advantage by 31.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 41,900 shares of the company's stock valued at $785,000 after purchasing an additional 9,917 shares during the period. Invesco Ltd. raised its position in First Advantage by 17.8% in the fourth quarter. Invesco Ltd. now owns 100,800 shares of the company's stock valued at $1,888,000 after purchasing an additional 15,229 shares during the period. Finally, Legal & General Group Plc raised its position in First Advantage by 51.5% in the fourth quarter. Legal & General Group Plc now owns 93,109 shares of the company's stock valued at $1,744,000 after purchasing an additional 31,659 shares during the period. Hedge funds and other institutional investors own 94.91% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Barclays lifted their target price on First Advantage from $15.00 to $18.00 and gave the company an "equal weight" rating in a research report on Thursday, May 29th. Needham & Company LLC reiterated a "hold" rating on shares of First Advantage in a report on Thursday, August 21st. Finally, Royal Bank Of Canada downgraded First Advantage from an "outperform" rating to a "sector perform" rating and set a $20.00 price objective 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. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $20.25.

First Advantage Stock Down 0.9%

FA traded down $0.15 on Thursday, hitting $16.33. 414,932 shares of the company were exchanged, compared to its average volume of 1,050,076. First Advantage Co. has a twelve month low of $12.32 and a twelve month high of $20.79. The company has a market cap of $2.84 billion, a price-to-earnings ratio of 544.33 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. The firm has a 50-day moving average price of $16.99 and a two-hundred day moving average price of $16.26.

First Advantage (NYSE:FA - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.27 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the business posted $0.21 earnings per share. First Advantage's revenue 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, equities analysts predict that First Advantage Co. will post 0.74 earnings per share for the current year.

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.