Voya Investment Management LLC Has $2.46 Million Position in First Advantage Co. $FA

Key Points

• Voya Investment Management LLC increased its stake in First Advantage Co. by 23.6%, acquiring an additional 33,339 shares, totaling a holding of approximately 174,483 shares valued at $2.46 million.
• Equities research analysts have upgraded First Advantage's rating, with Zacks Research moving it to a “strong-buy” and Barclays raising the target price from $15.00 to $18.00.
• First Advantage reported a 111.7% increase in quarterly revenue year-on-year and an earnings per share (EPS) of $0.27, surpassing analysts' expectations of $0.24 by $0.03.

Voya Investment Management LLC raised its position in First Advantage Co. (NYSE:FA - Free Report) by 23.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 174,483 shares of the company's stock after acquiring an additional 33,339 shares during the period. Voya Investment Management LLC owned about 0.10% of First Advantage worth $2,458,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Signaturefd LLC bought a new position in First Advantage in the 1st quarter valued at $30,000. Cornerstone Planning Group LLC acquired a new stake in shares of First Advantage in the 1st quarter valued at about $63,000. GAMMA Investing LLC raised its stake 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 period. Russell Investments Group Ltd. grew its holdings 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 acquiring an additional 8,931 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new position in First Advantage during the fourth quarter worth about $132,000. 94.91% of the stock is currently owned by institutional investors.

First Advantage Trading Down 2.2%

NYSE:FA traded down $0.33 on Tuesday, reaching $14.78. The stock had a trading volume of 245,091 shares, compared to its average volume of 1,018,752. First Advantage Co. has a 12-month low of $12.32 and a 12-month high of $20.79. The firm's fifty day moving average is $16.63 and its two-hundred day moving average is $16.06. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick ratio of 3.85. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 492.67 and a beta of 1.23.

First Advantage (NYSE:FA - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the prior year, the business earned $0.21 earnings per share. First Advantage's quarterly revenue was up 111.7% compared to the same quarter last year. First Advantage has set its FY 2025 guidance at 0.860-1.030 EPS. Equities analysts expect that First Advantage Co. will post 0.74 EPS for the current fiscal year.

Analysts Set New Price Targets

FA has been the subject of several research analyst reports. Barclays boosted their price objective on shares of First Advantage from $15.00 to $18.00 and gave the company an "equal weight" rating in a research report on Thursday, May 29th. Zacks Research raised shares of First Advantage from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 4th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of First Advantage in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $20.25.

Insider Transactions at First Advantage

In related news, President Joelle M. Smith sold 9,900 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $15.70, for a total value of $155,430.00. Following the completion of the transaction, the president owned 42,727 shares in the company, valued at $670,813.90. This trade represents a 18.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.90% of the stock is currently owned by insiders.

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.