First Advantage Co. $FA Shares Sold by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. reduced its holdings in First Advantage Co. by 5.7%, selling 29,825 shares during the first quarter, leaving it with about 492,350 shares valued at $6.94 million.
• First Advantage reported a 111.7% increase in revenue for the last quarter, achieving an EPS of $0.27, which exceeded analysts' expectations.
• Analysts have a consensus rating of "Moderate Buy" for First Advantage, with a target price averaging $20.25, reflecting growth potential.

Goldman Sachs Group Inc. trimmed its holdings in shares of First Advantage Co. (NYSE:FA - Free Report) by 5.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 492,350 shares of the company's stock after selling 29,825 shares during the period. Goldman Sachs Group Inc. owned 0.28% of First Advantage worth $6,937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in First Advantage by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,567 shares of the company's stock worth $501,000 after buying an additional 1,471 shares during the last quarter. Signaturefd LLC purchased a new stake in First Advantage during the 1st quarter worth about $30,000. CenterBook Partners LP lifted its holdings in First Advantage by 2.3% during the 1st quarter. CenterBook Partners LP now owns 199,728 shares of the company's stock worth $2,814,000 after buying an additional 4,404 shares during the last quarter. Cornerstone Planning Group LLC purchased a new stake in First Advantage during the 1st quarter worth about $63,000. Finally, Oppenheimer Asset Management Inc. increased its position in shares of First Advantage by 26.4% during the first quarter. Oppenheimer Asset Management Inc. now owns 24,811 shares of the company's stock worth $350,000 after purchasing an additional 5,185 shares in the last quarter. 94.91% of the stock is owned by hedge funds and other institutional investors.

First Advantage Stock Performance

FA stock traded down $0.34 during trading on Friday, hitting $15.33. The company had a trading volume of 210,416 shares, compared to its average volume of 1,015,481. The firm has a market cap of $2.67 billion, a PE ratio of 513.00 and a beta of 1.23. First Advantage Co. has a 1-year low of $12.32 and a 1-year high of $20.79. The firm has a 50-day moving average price of $16.71 and a 200-day moving average price of $16.00. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61.

First Advantage (NYSE:FA - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating 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%.First Advantage's revenue was up 111.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 EPS. First Advantage has set its FY 2025 guidance at 0.860-1.030 EPS. On average, analysts expect that First Advantage Co. will post 0.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Barclays lifted 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. Zacks Research upgraded First Advantage from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 4th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of First Advantage in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $20.25.

Insiders Place Their Bets

In other news, President Joelle M. Smith sold 9,900 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $15.70, for a total transaction of $155,430.00. Following the completion of the transaction, the president directly owned 42,727 shares of the company's stock, valued at approximately $670,813.90. This represents a 18.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.90% of the company's stock.

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.