First Advantage Co. (NYSE:FA) Position Trimmed by Jane Street Group LLC

Jane Street Group LLC decreased its position in shares of First Advantage Co. (NYSE:FA - Free Report) by 58.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,076 shares of the company's stock after selling 21,598 shares during the quarter. Jane Street Group LLC's holdings in First Advantage were worth $282,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Summit Investment Advisors Inc. boosted its stake in 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 purchasing an additional 832 shares during the last quarter. Advisory Research Inc. increased its position in shares of First Advantage by 0.6% during the fourth quarter. Advisory Research Inc. now owns 212,446 shares of the company's stock valued at $3,979,000 after acquiring an additional 1,216 shares during the last quarter. Corebridge Financial Inc. raised its holdings in shares of First Advantage by 9.6% in the 4th quarter. Corebridge Financial Inc. now owns 29,784 shares of the company's stock valued at $558,000 after buying an additional 2,607 shares during the period. Oppenheimer Asset Management Inc. lifted its position in shares of First Advantage by 17.6% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 19,626 shares of the company's stock worth $368,000 after purchasing an additional 2,938 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in First Advantage by 7.2% during the 4th quarter. Alliancebernstein L.P. now owns 59,600 shares of the company's stock worth $1,116,000 after buying an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 94.91% of the company's stock.

Wall Street Analysts Forecast Growth

FA has been the subject of several analyst reports. 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 note on Thursday, May 29th. Royal Bank of Canada lowered shares of First Advantage from an "outperform" rating to a "sector perform" rating and set a $20.00 target price on the stock. in a research report on Friday, May 9th. BMO Capital Markets reduced their price objective on First Advantage from $24.00 to $22.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. William Blair reissued an "outperform" rating on shares of First Advantage in a report on Friday, February 28th. Finally, Needham & Company LLC reissued a "hold" rating on shares of First Advantage in a report on Monday, June 2nd. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, First Advantage currently has an average rating of "Hold" and an average target price of $66.00.

First Advantage Price Performance

Shares of NYSE:FA traded up $0.04 during midday trading on Friday, hitting $18.17. 606,046 shares of the stock were exchanged, compared to its average volume of 848,069. The stock has a market cap of $3.16 billion, a P/E ratio of 605.67 and a beta of 1.27. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61. First Advantage Co. has a twelve month low of $12.32 and a twelve month high of $20.79. The company has a 50 day moving average price of $15.69 and a 200-day moving average price of $16.95.

First Advantage (NYSE:FA - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. First Advantage had a return on equity of 13.16% and a net margin of 0.65%. First Advantage's revenue for the quarter was up 109.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.17 EPS. On average, research analysts forecast that First Advantage Co. will post 0.74 earnings per share for the current year.

First Advantage 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.