Jupiter Topco LLC Acquires New Shares in First Advantage Co. $FA

Key Points

• Jupiter Topco LLC acquired 181,437 shares of First Advantage in the second quarter, worth approximately $3.3 million. Institutional investors collectively own 94.91% of the company.
• Analyst sentiment is positive, with First Advantage receiving a consensus “Moderate Buy” rating and an average price target of $23.33; individual targets range as high as $28.
• First Advantage reported quarterly EPS of $0.35, beating estimates of $0.29, while revenue increased 14.9% year over year. Shares opened at $20.07, below their 52-week high of $25.15.

Jupiter Topco LLC acquired a new position in First Advantage Co. (NYSE:FA - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 181,437 shares of the company's stock, valued at approximately $3,275,000. Jupiter Topco LLC owned approximately 0.11% of First Advantage as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Sei Investments Co. grew its stake in shares of First Advantage by 33.6% in the first quarter. Sei Investments Co. now owns 181,210 shares of the company's stock worth $2,131,000 after acquiring an additional 45,608 shares during the period. Renaissance Technologies LLC purchased a new position in shares of First Advantage during the first quarter valued at approximately $1,288,000. Sunriver Management LLC lifted its position in First Advantage by 14.0% during the first quarter. Sunriver Management LLC now owns 3,032,711 shares of the company's stock valued at $35,665,000 after purchasing an additional 371,425 shares during the period. Quantinno Capital Management LP lifted its position in First Advantage by 581.4% during the first quarter. Quantinno Capital Management LP now owns 214,882 shares of the company's stock valued at $2,527,000 after purchasing an additional 183,345 shares during the period. Finally, BlackRock Inc. purchased a new stake in First Advantage in the second quarter worth approximately $217,748,000. Hedge funds and other institutional investors own 94.91% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on FA shares. JPMorgan Chase & Co. lifted their target price on shares of First Advantage from $15.00 to $18.00 and gave the stock an "overweight" rating in a research report on Friday, May 8th. Zacks Research upgraded First Advantage from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 17th. Stifel Nicolaus set a $18.00 price target on First Advantage in a research note on Friday, May 8th. Citigroup lifted their price objective on First Advantage from $18.00 to $22.00 and gave the stock a "neutral" rating in a report on Monday, August 17th. Finally, Needham & Company LLC upgraded First Advantage from a "hold" rating to a "buy" rating and set a $28.00 price objective for the company in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.33.

First Advantage Trading Down 0.5%

Shares of FA stock opened at $20.07 on Thursday. First Advantage Co. has a 1 year low of $8.82 and a 1 year high of $25.15. The firm has a fifty day moving average price of $20.60 and a 200-day moving average price of $15.72. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick ratio of 3.85. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 669.00 and a beta of 1.15.

First Advantage (NYSE:FA - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.29 by $0.06. First Advantage had a return on equity of 13.16% and a net margin of 0.65%.During the same period last year, the business posted $0.27 earnings per share. First Advantage's revenue for the quarter was up 14.9% on a year-over-year basis. First Advantage has set its FY 2026 guidance at 1.23-1.290 EPS. As a group, equities analysts predict that First Advantage Co. will post 0.74 earnings per share for the current year.

Insider Buying and Selling

In other First Advantage news, Director James Lindsey Clark sold 4,921 shares of the company's stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $15.69, for a total value of $77,210.49. Following the completion of the sale, the director owned 56,844 shares in the company, valued at $891,882.36. This represents a 7.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.40% of the stock is currently owned by insiders.

First Advantage Company Profile

First Advantage is a global provider of background screening, identity verification and workforce risk management solutions. The company delivers a comprehensive suite of services that help employers verify candidate credentials, manage regulatory compliance and mitigate risk throughout the employee lifecycle. Its platform is built to integrate with leading human capital management and applicant tracking systems, enabling a seamless and scalable experience for organizations of all sizes.

The company's core offerings include pre-employment and continuous background screening, digital identity verification, drug and health testing, and ongoing employee monitoring.

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