Emerald Advisers LLC Trims Position in First Advantage Co. (NYSE:FA)

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

Other institutional investors have also recently bought and sold shares of the company. Summit Investment Advisors Inc. boosted its holdings in shares of First Advantage by 15.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company's stock worth $117,000 after buying an additional 832 shares in the last quarter. Advisory Research Inc. increased its position in shares of First Advantage by 0.6% during the 4th quarter. Advisory Research Inc. now owns 212,446 shares of the company's stock valued at $3,979,000 after purchasing an additional 1,216 shares during the last quarter. Corebridge Financial Inc. increased its position in shares of First Advantage by 9.6% during the 4th quarter. Corebridge Financial Inc. now owns 29,784 shares of the company's stock valued at $558,000 after purchasing an additional 2,607 shares during the last quarter. Alliancebernstein L.P. increased 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 stake in First Advantage in the 1st quarter worth about $63,000. Institutional investors and hedge funds own 94.91% of the company's stock.

First Advantage Price Performance

NYSE:FA traded down $0.42 during mid-day trading on Friday, reaching $17.19. The stock had a trading volume of 455,106 shares, compared to its average volume of 915,346. The firm has a 50 day moving average price of $17.32 and a two-hundred day moving average price of $16.59. The stock has a market capitalization of $2.98 billion, a P/E ratio of 573.00 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 has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85.

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

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Royal Bank Of Canada lowered First Advantage from an "outperform" rating to a "sector perform" rating and set a $20.00 target price for the company. in a report on Friday, May 9th. Needham & Company LLC reaffirmed a "hold" rating on shares of First Advantage in a report on Monday, June 2nd. Finally, Barclays lifted their target price on First Advantage from $15.00 to $18.00 and gave the company an "equal weight" rating in a report on Thursday, May 29th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, First Advantage presently has a consensus rating of "Hold" and an average target price 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.