Sunriver Management LLC Has $48.20 Million Stock Position in First Advantage Co. $FA

Key Points

• Sunriver Management LLC increased its stake in First Advantage Co. (NYSE:FA) by 49.2%, acquiring an additional 1,128,272 shares, now holding a total of 3,420,507 shares, valued at approximately $48.2 million.
• First Advantage reported a 111.7% year-over-year revenue increase in its latest quarterly earnings and beat analysts' expectations with an earnings per share (EPS) of $0.27.
• The stock has a current ratio of 3.85 and a market capitalization of $2.98 billion, with brokerages showing moderate sentiment reflected in its average price target of $20.25.

Sunriver Management LLC increased its holdings in First Advantage Co. (NYSE:FA - Free Report) by 49.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,420,507 shares of the company's stock after buying an additional 1,128,272 shares during the quarter. First Advantage comprises approximately 5.9% of Sunriver Management LLC's investment portfolio, making the stock its 6th largest holding. Sunriver Management LLC owned 1.97% of First Advantage worth $48,195,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of FA. Signaturefd LLC acquired a new position in First Advantage during the 1st quarter worth approximately $30,000. Cornerstone Planning Group LLC purchased a new stake in First Advantage in the 1st quarter valued at about $63,000. GAMMA Investing LLC boosted its holdings in shares of First Advantage by 748.5% in the 1st quarter. GAMMA Investing LLC now owns 6,890 shares of the company's stock valued at $97,000 after purchasing an additional 6,078 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in First Advantage during the 4th quarter valued at approximately $132,000. Finally, Russell Investments Group Ltd. lifted its stake in First Advantage by 2,967.1% in the first 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 last quarter. 94.91% of the stock is owned by institutional investors and hedge funds.

First Advantage Trading Up 0.8%

Shares of First Advantage stock traded up $0.13 on Friday, hitting $16.46. The stock had a trading volume of 176,577 shares, compared to its average volume of 1,044,749. The stock has a 50 day moving average of $16.99 and a 200 day moving average of $16.26. The firm has a market capitalization of $2.86 billion, a P/E ratio of 548.67 and a beta of 1.24. 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.

First Advantage (NYSE:FA - Get Free Report) last released its earnings results 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 net margin of 0.65% and a return on equity of 13.16%. During the same quarter in the prior year, the firm posted $0.21 earnings per share. First Advantage's 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. Sell-side analysts expect that First Advantage Co. will post 0.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FA. Royal Bank Of Canada lowered shares of First Advantage from an "outperform" rating to a "sector perform" rating and set a $20.00 price objective on the stock. in a research note on Friday, May 9th. Barclays lifted their price objective on First Advantage from $15.00 to $18.00 and gave the company an "equal weight" rating in a research report on Thursday, May 29th. Finally, Needham & Company LLC restated a "hold" rating on shares of First Advantage in a research report on Thursday, August 21st. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $20.25.

About First Advantage

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.