Nuveen LLC Acquires Shares of 232,166 First Advantage Co. $FA

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 bought a new position in shares of First Advantage Co. (NYSE:FA - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 232,166 shares of the company's stock, valued at approximately $3,271,000. Nuveen LLC owned 0.13% of First Advantage as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the company. Signaturefd LLC purchased a new stake in shares of First Advantage during the first quarter worth approximately $30,000. CenterBook Partners LP increased its stake in shares of First Advantage by 2.3% during the first 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 during the first quarter worth approximately $63,000. Oppenheimer Asset Management Inc. increased its stake 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 buying an additional 5,185 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in First Advantage by 16.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 37,054 shares of the company's stock worth $694,000 after purchasing an additional 5,208 shares during the last quarter. 94.91% of the stock is currently owned by hedge funds and other institutional investors.

First Advantage Stock Performance

NYSE FA traded up $0.03 on Friday, reaching $16.36. The stock had a trading volume of 584,190 shares, compared to its average volume of 1,047,253. 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 Co. has a 12-month low of $12.32 and a 12-month high of $20.79. The business's 50-day moving average price is $16.99 and its 200 day moving average price is $16.21. The stock has a market cap of $2.85 billion, a P/E ratio of 545.33 and a beta of 1.24.

First Advantage (NYSE:FA - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.27 earnings per share for the quarter, beating 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 period in the previous year, the company earned $0.21 earnings per share. The business's revenue for the quarter 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. As a group, equities analysts expect that First Advantage Co. will post 0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Needham & Company LLC restated a "hold" rating on shares of First Advantage in a research note on Thursday, August 21st. 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 research note on Friday, May 9th. Finally, 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. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus 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.