Boston Partners Buys 216,282 Shares of First Advantage Co. $FA

Key Points

• Boston Partners increased its holdings in First Advantage Co. by 9.8% during the first quarter, resulting in ownership of 2,421,573 shares valued at approximately $33.9 million.
• Analysts have set an average target price of $20.25 for First Advantage, with Barclays raising its price objective from $15.00 to $18.00 while maintaining an "equal weight" rating.
• First Advantage reported a 111.7% increase in revenue year-over-year and an EPS of $0.27, exceeding the consensus estimate of $0.24.

Boston Partners lifted its holdings in First Advantage Co. (NYSE:FA - Free Report) by 9.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,421,573 shares of the company's stock after purchasing an additional 216,282 shares during the period. Boston Partners owned about 1.39% of First Advantage worth $33,954,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC bought a new position in shares of First Advantage in the 1st quarter worth approximately $30,000. Cornerstone Planning Group LLC purchased a new stake in First Advantage in the 1st quarter worth approximately $63,000. GAMMA Investing LLC increased its holdings in First Advantage by 748.5% in the 1st quarter. GAMMA Investing LLC now owns 6,890 shares of the company's stock worth $97,000 after acquiring an additional 6,078 shares in the last quarter. Summit Investment Advisors Inc. increased its holdings in 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 acquiring an additional 832 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in First Advantage by 2,967.1% in the 1st quarter. Russell Investments Group Ltd. now owns 9,232 shares of the company's stock worth $130,000 after acquiring an additional 8,931 shares in the last quarter. Institutional investors own 94.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Barclays increased their target price on shares of First Advantage from $15.00 to $18.00 and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Needham & Company LLC reissued a "hold" rating on shares of First Advantage in a report on Monday, June 2nd. Finally, Royal Bank Of Canada lowered shares of First Advantage from an "outperform" rating to a "sector perform" rating and set a $20.00 price objective for the company. in a report on Friday, May 9th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $20.25.

First Advantage Price Performance

Shares of NYSE FA traded up $0.08 during midday trading on Wednesday, reaching $16.51. 579,226 shares of the stock traded hands, compared to its average volume of 1,066,491. 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 stock has a market capitalization of $2.87 billion, a PE ratio of 550.33 and a beta of 1.24. First Advantage Co. has a one year low of $12.32 and a one year high of $20.79. The company's 50 day moving average is $17.12 and its 200 day moving average is $16.37.

First Advantage (NYSE:FA - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.27 EPS 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%.The firm's quarterly revenue was up 111.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.21 earnings per share. First Advantage has set its FY 2025 guidance at 0.860-1.030 EPS. On average, equities research analysts anticipate 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.