Price T Rowe Associates Inc. MD Boosts Stock Holdings in First Advantage Co. $FA

Key Points

• Price T Rowe Associates Inc. significantly increased its stake in First Advantage Co. by 200.1%, acquiring an additional 2,940,155 shares for a total of 4,409,427 shares worth approximately $62.1 million.
• First Advantage reported a 111.7% year-over-year increase in revenue, with earnings per share of $0.27, surpassing analysts' expectations.
• Institutional investors hold 94.91% of First Advantage's shares, indicating strong confidence in the company's outlook, supported by mixed ratings from analysts on the stock.

Price T Rowe Associates Inc. MD grew its holdings in shares of First Advantage Co. (NYSE:FA - Free Report) by 200.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,409,427 shares of the company's stock after purchasing an additional 2,940,155 shares during the period. Price T Rowe Associates Inc. MD owned about 2.54% of First Advantage worth $62,130,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. boosted its stake in shares of First Advantage by 139.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,168,792 shares of the company's stock valued at $30,559,000 after buying an additional 1,262,787 shares during the period. Boston Partners boosted its stake in shares of First Advantage by 9.8% in the 1st quarter. Boston Partners now owns 2,421,573 shares of the company's stock valued at $33,954,000 after buying an additional 216,282 shares during the period. Leith Wheeler Investment Counsel Ltd. boosted its stake in shares of First Advantage by 1.3% in the 1st quarter. Leith Wheeler Investment Counsel Ltd. now owns 571,464 shares of the company's stock valued at $8,052,000 after buying an additional 7,154 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of First Advantage by 2,967.1% in the 1st quarter. Russell Investments Group Ltd. now owns 9,232 shares of the company's stock valued at $130,000 after buying an additional 8,931 shares during the period. Finally, Nuveen LLC purchased a new position in shares of First Advantage in the 1st quarter valued at about $3,271,000. 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 during mid-day trading on Monday, reaching $16.36. 584,190 shares of the stock were exchanged, compared to its average volume of 1,047,253. The company has a 50 day simple moving average of $16.98 and a 200-day simple moving average of $16.16. The stock has a market capitalization of $2.85 billion, a P/E ratio of 545.33 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 Co. has a 1 year low of $12.32 and a 1 year high of $20.79.

First Advantage (NYSE:FA - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping 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 quarter last year, the company earned $0.21 EPS. The business'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. Analysts anticipate that First Advantage Co. will post 0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

FA has been the topic of a number of recent analyst reports. Barclays increased their price objective on First Advantage from $15.00 to $18.00 and gave the company an "equal weight" rating in a report on Thursday, May 29th. Needham & Company LLC reiterated a "hold" rating on shares of First Advantage in a report on Thursday, August 21st. Finally, Royal Bank Of Canada downgraded First Advantage from an "outperform" rating to a "sector perform" rating and set a $20.00 price objective on the stock. in a report on Friday, May 9th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target 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.