16,872 Shares in First Advantage Co. (NYSE:FA) Acquired by ProShare Advisors LLC

ProShare Advisors LLC purchased a new position in First Advantage Co. (NYSE:FA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,872 shares of the company's stock, valued at approximately $316,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Summit Investment Advisors Inc. lifted 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. BNP Paribas Financial Markets acquired a new stake in shares of First Advantage in the fourth quarter valued at $132,000. Two Sigma Securities LLC acquired a new stake in shares of First Advantage in the fourth quarter valued at $188,000. Tower Research Capital LLC TRC lifted its holdings in shares of First Advantage by 1,219.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,555 shares of the company's stock valued at $198,000 after buying an additional 9,755 shares during the period. Finally, Pictet Asset Management Holding SA acquired a new stake in shares of First Advantage in the fourth quarter valued at $210,000. Institutional investors own 94.91% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FA. William Blair reaffirmed an "outperform" rating on shares of First Advantage in a report on Friday, February 28th. Barclays upped their target price on First Advantage from $15.00 to $18.00 and gave the company an "equal weight" rating in a report on Thursday. Royal Bank of Canada downgraded 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. Finally, BMO Capital Markets reduced their target price on First Advantage from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $66.00.

First Advantage Stock Up 0.1%

NYSE:FA traded up $0.02 during trading hours on Friday, hitting $17.05. 1,016,079 shares of the company's stock traded hands, compared to its average volume of 838,382. The firm has a market cap of $2.96 billion, a P/E ratio of 568.33 and a beta of 1.20. First Advantage Co. has a twelve month low of $12.32 and a twelve month high of $20.79. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85. The stock's fifty day moving average price is $15.30 and its two-hundred day moving average price is $16.93.

First Advantage (NYSE:FA - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. First Advantage had a return on equity of 13.16% and a net margin of 0.65%. The business's revenue was up 109.3% on a year-over-year basis. During the same period last year, the company posted $0.17 EPS. On average, research analysts expect that First Advantage Co. will post 0.74 earnings per share for the current fiscal year.

First Advantage 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.