Yarbrough Capital LLC Buys Shares of 19,988 First Advantage Co. (NYSE:FA)

Yarbrough Capital LLC purchased a new stake in First Advantage Co. (NYSE:FA - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 19,988 shares of the company's stock, valued at approximately $282,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FA. GAMMA Investing LLC boosted its position in First Advantage by 748.5% in the first quarter. GAMMA Investing LLC now owns 6,890 shares of the company's stock valued at $97,000 after buying an additional 6,078 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in 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 in the last quarter. BNP Paribas Financial Markets acquired a new position in First Advantage in the fourth quarter valued at about $132,000. Two Sigma Securities LLC acquired a new position in First Advantage in the fourth quarter valued at about $188,000. Finally, Tower Research Capital LLC TRC boosted its position in 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 in the last quarter. 94.91% of the stock is currently owned by institutional investors and hedge funds.

First Advantage Trading Up 0.2%

NYSE FA traded up $0.04 during trading hours on Friday, hitting $18.17. The company's stock had a trading volume of 606,046 shares, compared to its average volume of 849,926. The stock has a fifty day moving average of $15.69 and a 200 day moving average of $16.94. First Advantage Co. has a twelve month low of $12.32 and a twelve month high of $20.79. The firm has a market capitalization of $3.16 billion, a P/E ratio of 605.67 and a beta of 1.27. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61.

First Advantage (NYSE:FA - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate 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 last year, the company earned $0.17 EPS. First Advantage's revenue for the quarter was up 109.3% on a year-over-year basis. Equities research analysts forecast that First Advantage Co. will post 0.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FA shares. William Blair reaffirmed an "outperform" rating on shares of First Advantage in a research note on Friday, February 28th. Needham & Company LLC reaffirmed a "hold" rating on shares of First Advantage in a research note on Monday, June 2nd. Barclays boosted their target price on shares of First Advantage from $15.00 to $18.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 29th. Royal Bank of Canada downgraded 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 note on Friday, May 9th. Finally, BMO Capital Markets dropped their target price on shares of First Advantage from $24.00 to $22.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $66.00.

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.