First Advantage Co. $FA Holdings Trimmed by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP reduced its stake in First Advantage Co. by 54.3%, selling over 2 million shares during the first quarter.
• Analyst ratings for First Advantage are mixed, with Barclays raising their price target from $15.00 to $18.00, while Royal Bank of Canada downgraded the stock to "sector perform" at a $20.00 target.
• First Advantage reported a quarterly earnings per share of $0.27, exceeding estimates of $0.24, with a revenue increase of 111.7% year-over-year.

Wellington Management Group LLP reduced its holdings in First Advantage Co. (NYSE:FA - Free Report) by 54.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,750,000 shares of the company's stock after selling 2,077,801 shares during the quarter. Wellington Management Group LLP owned approximately 1.01% of First Advantage worth $24,658,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of FA. Brighton Jones LLC bought a new position in shares of First Advantage in the 4th quarter worth about $257,000. Wells Fargo & Company MN lifted its position in shares of First Advantage by 62.6% in the 4th quarter. Wells Fargo & Company MN now owns 30,927 shares of the company's stock worth $579,000 after buying an additional 11,905 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of First Advantage by 31.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 41,900 shares of the company's stock worth $785,000 after buying an additional 9,917 shares during the last quarter. Invesco Ltd. lifted its position in shares of First Advantage by 17.8% in the 4th quarter. Invesco Ltd. now owns 100,800 shares of the company's stock worth $1,888,000 after buying an additional 15,229 shares during the last quarter. Finally, Barclays PLC grew its position in shares of First Advantage by 33.9% during the fourth quarter. Barclays PLC now owns 109,327 shares of the company's stock worth $2,048,000 after acquiring an additional 27,658 shares during the last quarter. 94.91% of the stock is currently owned by institutional investors.

First Advantage Stock Performance

Shares of NYSE FA traded up $0.03 during midday trading on Friday, reaching $16.36. 584,190 shares of the company traded hands, compared to its average volume of 1,047,253. First Advantage Co. has a 52 week low of $12.32 and a 52 week high of $20.79. The stock has a 50-day moving average price of $16.99 and a 200 day moving average price of $16.19. 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 $2.85 billion, a price-to-earnings ratio of 545.33 and a beta of 1.24.

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 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 previous year, the company earned $0.21 EPS. The company's revenue for the quarter 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. Sell-side analysts anticipate that First Advantage Co. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FA has been the subject of several recent research reports. Royal Bank Of Canada lowered shares of First Advantage from an "outperform" rating to a "sector perform" rating and set a $20.00 price target for the company. in a research report on Friday, May 9th. Barclays upped their price target on shares of First Advantage from $15.00 to $18.00 and gave the stock 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 investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average 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.