Palisade Capital Management LP raised its position in First Advantage Co. (NYSE:FA - Free Report) by 23.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,562,809 shares of the company's stock after purchasing an additional 293,044 shares during the period. Palisade Capital Management LP owned approximately 0.90% of First Advantage worth $22,020,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the company. Summit Investment Advisors Inc. boosted its holdings in shares of First Advantage by 15.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company's stock valued at $117,000 after buying an additional 832 shares during the period. Advisory Research Inc. boosted its holdings in shares of First Advantage by 0.6% in the fourth quarter. Advisory Research Inc. now owns 212,446 shares of the company's stock valued at $3,979,000 after buying an additional 1,216 shares during the period. Corebridge Financial Inc. boosted its holdings in shares of First Advantage by 9.6% in the fourth 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. boosted its holdings in shares of First Advantage by 17.6% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 19,626 shares of the company's stock valued at $368,000 after buying an additional 2,938 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of First Advantage by 7.2% in the fourth quarter. Alliancebernstein L.P. now owns 59,600 shares of the company's stock valued at $1,116,000 after buying an additional 4,000 shares during the period. Institutional investors own 94.91% of the company's stock.
First Advantage Stock Up 1.1%
FA traded up $0.20 during trading hours on Friday, hitting $17.16. 381,654 shares of the company's stock were exchanged, compared to its average volume of 909,568. First Advantage Co. has a 1-year low of $12.32 and a 1-year high of $20.79. The stock's 50-day moving average is $17.03 and its two-hundred day moving average is $16.62. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 571.83 and a beta of 1.24. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61.
First Advantage (NYSE:FA - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. During the same quarter in the previous year, the business earned $0.17 earnings per share. First Advantage's quarterly revenue was up 109.3% on a year-over-year basis. Sell-side analysts predict that First Advantage Co. will post 0.74 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on FA shares. Needham & Company LLC reiterated a "hold" rating on shares of First Advantage in a report on Monday, June 2nd. Royal Bank Of Canada cut shares of First Advantage from an "outperform" rating to a "sector perform" rating and set a $20.00 price target for the company. in a report on Friday, May 9th. Finally, Barclays upped their price target on shares of First Advantage from $15.00 to $18.00 and gave the company an "equal weight" rating in a report on Thursday, May 29th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $66.00.
Get Our Latest Analysis on First Advantage
First Advantage Company Profile
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Free Report)
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.
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