232,166 Shares in First Advantage Co. $FA Purchased by Nuveen LLC

Key Points

• Nuveen LLC has made a new investment of approximately $3.27 million in First Advantage Co., acquiring 232,166 shares of the company during the first quarter.
• First Advantage reported a significant 111.7% year-over-year increase in revenue, along with earnings of $0.27 per share exceeding estimates for the most recent quarter.
• Analysts have a consensus rating of "Hold" for First Advantage, with a target price ranging between $15.00 and $20.25 following recent assessment changes by major banks.

Nuveen LLC acquired a new stake in First Advantage Co. (NYSE:FA - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 232,166 shares of the company's stock, valued at approximately $3,271,000. Nuveen LLC owned about 0.13% of First Advantage as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Signaturefd LLC bought a new position in First Advantage in the 1st quarter valued at $30,000. CenterBook Partners LP lifted its holdings in shares of First Advantage by 2.3% in 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 period. Cornerstone Planning Group LLC purchased a new stake in shares of First Advantage in the 1st quarter worth $63,000. Oppenheimer Asset Management Inc. lifted its holdings in shares of First Advantage by 26.4% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 24,811 shares of the company's stock worth $350,000 after buying an additional 5,185 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of First Advantage by 16.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 37,054 shares of the company's stock worth $694,000 after buying an additional 5,208 shares during the period. Institutional investors own 94.91% of the company's stock.

First Advantage Stock Down 2.8%

NYSE:FA traded down $0.46 during mid-day trading on Tuesday, hitting $15.90. 539,264 shares of the company's stock traded hands, compared to its average volume of 1,044,192. The company has a fifty day moving average of $16.96 and a 200 day moving average of $16.16. First Advantage Co. has a twelve month low of $12.32 and a twelve month high of $20.79. The company has a market capitalization of $2.77 billion, a P/E ratio of 530.00 and a beta of 1.24. 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 announced its 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%.During the same quarter last year, the company posted $0.21 EPS. The firm's quarterly revenue was up 111.7% on a year-over-year basis. First Advantage has set its FY 2025 guidance at 0.860-1.030 EPS. On average, analysts forecast that First Advantage Co. will post 0.74 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on FA shares. Needham & Company LLC reiterated a "hold" rating on shares of First Advantage in a report on Thursday, August 21st. Barclays upped their target price on First Advantage from $15.00 to $18.00 and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Finally, Royal Bank Of Canada cut 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. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $20.25.

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.