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

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

A number of other large investors have also made changes to their positions in the company. Summit Investment Advisors Inc. boosted its holdings in shares of First Advantage by 15.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company's stock worth $117,000 after purchasing an additional 832 shares during the period. GAMMA Investing LLC boosted its position in First Advantage by 748.5% during the first quarter. GAMMA Investing LLC now owns 6,890 shares of the company's stock worth $97,000 after purchasing an additional 6,078 shares during the period. BNP Paribas Financial Markets bought a new stake in First Advantage during the fourth quarter worth approximately $132,000. Two Sigma Securities LLC acquired a new position in First Advantage during the 4th quarter worth $188,000. Finally, Tower Research Capital LLC TRC lifted its position in First Advantage by 1,219.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,555 shares of the company's stock worth $198,000 after acquiring an additional 9,755 shares during the last quarter. Institutional investors and hedge funds own 94.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FA shares. William Blair restated an "outperform" rating on shares of First Advantage in a research report on Friday, February 28th. Needham & Company LLC restated 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 research report on Thursday, May 29th. Royal Bank of Canada downgraded First Advantage from an "outperform" rating to a "sector perform" rating and set a $20.00 price objective for the company. in a research report on Friday, May 9th. Finally, BMO Capital Markets reduced their price objective on First Advantage from $24.00 to $22.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $66.00.

First Advantage Trading Down 0.1%

Shares of First Advantage stock traded down $0.01 during trading on Wednesday, reaching $18.58. 915,078 shares of the company were exchanged, compared to its average volume of 853,377. 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 Co. has a twelve month low of $12.32 and a twelve month high of $20.79. The business has a 50-day moving average price of $15.84 and a 200-day moving average price of $16.93. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 619.33 and a beta of 1.27.

First Advantage (NYSE:FA - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.17 earnings per share for the quarter, topping 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 quarter last year, the business posted $0.17 EPS. The firm's revenue was up 109.3% compared to the same quarter last year. Sell-side analysts anticipate that First Advantage Co. will post 0.74 EPS for the current fiscal year.

First Advantage 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.