Emerald Advisers LLC Sells 18,160 Shares of First Advantage Co. (NYSE:FA)

Emerald Advisers LLC reduced its position in First Advantage Co. (NYSE:FA - Free Report) by 1.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,135,068 shares of the company's stock after selling 18,160 shares during the quarter. Emerald Advisers LLC owned about 0.65% of First Advantage worth $15,993,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Summit Investment Advisors Inc. raised its stake in First Advantage by 15.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company's stock valued at $117,000 after purchasing an additional 832 shares in the last quarter. Advisory Research Inc. grew its holdings in First Advantage by 0.6% in the 4th quarter. Advisory Research Inc. now owns 212,446 shares of the company's stock worth $3,979,000 after acquiring an additional 1,216 shares during the last quarter. Corebridge Financial Inc. grew its holdings in First Advantage by 9.6% in the 4th quarter. Corebridge Financial Inc. now owns 29,784 shares of the company's stock worth $558,000 after acquiring an additional 2,607 shares during the last quarter. Alliancebernstein L.P. grew its holdings in First Advantage by 7.2% in the 4th quarter. Alliancebernstein L.P. now owns 59,600 shares of the company's stock worth $1,116,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Cornerstone Planning Group LLC purchased a new position in First Advantage during the 1st quarter valued at $63,000. 94.91% of the stock is currently owned by institutional investors.

First Advantage Stock Performance

Shares of NYSE FA traded up $0.35 during midday trading on Wednesday, hitting $16.81. 678,741 shares of the company's stock traded hands, compared to its average volume of 914,872. First Advantage Co. has a 1 year low of $12.32 and a 1 year high of $20.79. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 560.33 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. The firm has a fifty day moving average of $17.40 and a 200 day moving average of $16.56.

First Advantage (NYSE:FA - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. The firm's revenue was up 109.3% on a year-over-year basis. During the same period last year, the business posted $0.17 earnings per share. On average, analysts forecast that First Advantage Co. will post 0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Needham & Company LLC reissued a "hold" rating on shares of First Advantage in a research report on Monday, June 2nd. Royal Bank Of Canada cut shares of First Advantage from an "outperform" rating to a "sector perform" rating and set a $20.00 price target on the stock. in a research note on Friday, May 9th. Finally, Barclays boosted their target price on First Advantage from $15.00 to $18.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 29th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, First Advantage currently has an average rating of "Hold" and a consensus price target of $66.00.

First Advantage Company 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.