Universal Beteiligungs und Servicegesellschaft mbH Invests $627,000 in First Advantage Co. (NYSE:FA)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired 44,485 shares of First Advantage Co., valued at approximately $627,000, indicating significant institutional interest in the company.
• Wall Street analysts have mixed ratings on First Advantage, with a consensus rating of "Hold" and an average price target of $20.25.
• First Advantage reported $0.17 earnings per share (EPS) for the last quarter, exceeding consensus estimates and showcasing a strong 109.3% revenue growth compared to the previous year.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of First Advantage Co. (NYSE:FA - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 44,485 shares of the company's stock, valued at approximately $627,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Signaturefd LLC purchased a new stake in First Advantage during the first quarter valued at about $30,000. Cornerstone Planning Group LLC purchased a new stake in shares of First Advantage in the 1st quarter worth about $63,000. Summit Investment Advisors Inc. boosted its stake in shares of First Advantage by 15.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company's stock valued at $117,000 after purchasing an additional 832 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of First Advantage by 748.5% during 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 in the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of First Advantage during the 4th quarter valued at about $132,000. 94.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FA has been the subject of a number of recent research reports. Needham & Company LLC reissued a "hold" rating on shares of First Advantage in a research report on Monday, June 2nd. Barclays raised their price objective on First Advantage from $15.00 to $18.00 and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Finally, Royal Bank Of Canada cut shares of First Advantage from an "outperform" rating to a "sector perform" rating and set a $20.00 target price for the company. in a research report on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $20.25.

First Advantage Trading Up 0.1%

Shares of NYSE FA traded up $0.02 during trading on Wednesday, reaching $16.07. The stock had a trading volume of 366,453 shares, compared to its average volume of 1,068,392. First Advantage Co. has a fifty-two week low of $12.32 and a fifty-two week 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 business's 50-day moving average price is $17.42 and its 200-day moving average price is $16.51. The company has a market cap of $2.79 billion, a P/E ratio of 534.83 and a beta of 1.24.

First Advantage (NYSE:FA - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates 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 period in the previous year, the firm earned $0.17 earnings per share. The company's quarterly revenue was up 109.3% compared to the same quarter last year. On average, equities research analysts predict that First Advantage Co. will post 0.74 EPS for the current fiscal year.

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.