Goldman Sachs Group Inc. Cuts Holdings in First Advantage Co. $FA

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. decreased its stake in shares of First Advantage Co. (NYSE:FA - Free Report) by 5.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 492,350 shares of the company's stock after selling 29,825 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.28% of First Advantage worth $6,937,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Voya Investment Management LLC increased its holdings in First Advantage by 23.6% during the 1st quarter. Voya Investment Management LLC now owns 174,483 shares of the company's stock worth $2,458,000 after purchasing an additional 33,339 shares during the period. Rhumbline Advisers increased its holdings in First Advantage by 10.8% during the 1st quarter. Rhumbline Advisers now owns 87,194 shares of the company's stock worth $1,229,000 after purchasing an additional 8,498 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in First Advantage by 7.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 239,233 shares of the company's stock worth $3,371,000 after purchasing an additional 16,664 shares during the period. Fred Alger Management LLC increased its holdings in First Advantage by 10.4% during the 1st quarter. Fred Alger Management LLC now owns 1,289,173 shares of the company's stock worth $18,164,000 after purchasing an additional 121,687 shares during the period. Finally, Petrus Trust Company LTA increased its holdings in First Advantage by 124.5% during the 1st quarter. Petrus Trust Company LTA now owns 35,849 shares of the company's stock worth $505,000 after purchasing an additional 19,880 shares during the period. Hedge funds and other institutional investors own 94.91% of the company's stock.

Wall Street Analyst Weigh In

FA has been the topic of several recent research reports. Zacks Research upgraded First Advantage from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 4th. Barclays upped their price objective 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. Finally, Needham & Company LLC reaffirmed 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 assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.25.

First Advantage Stock Performance

First Advantage stock traded down $0.03 during mid-day trading on Tuesday, reaching $15.60. 557,800 shares of the company were exchanged, compared to its average volume of 1,025,516. First Advantage Co. has a twelve month low of $12.32 and a twelve month high of $20.79. The firm's 50-day simple moving average is $16.78 and its two-hundred day simple moving average is $16.00. 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 market cap of $2.71 billion, a PE ratio of 520.00 and a beta of 1.23.

First Advantage (NYSE:FA - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.27 earnings per share for the quarter, topping 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%.During the same quarter in the previous year, the business posted $0.21 earnings per share. The firm's revenue was up 111.7% compared to the same quarter last year. First Advantage has set its FY 2025 guidance at 0.860-1.030 EPS. Equities analysts predict that First Advantage Co. will post 0.74 earnings per share for the current fiscal 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.