156,006 Shares in First Advantage Co. (NYSE:FA) Acquired by Norges Bank

Norges Bank bought a new stake in First Advantage Co. (NYSE:FA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 156,006 shares of the company's stock, valued at approximately $2,922,000. Norges Bank owned 0.09% of First Advantage as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of First Advantage during the 4th quarter valued at approximately $257,000. Truist Financial Corp lifted its stake in shares of First Advantage by 37.4% in the 4th quarter. Truist Financial Corp now owns 19,095 shares of the company's stock valued at $358,000 after acquiring an additional 5,197 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in First Advantage by 17.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 19,626 shares of the company's stock worth $368,000 after acquiring an additional 2,938 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in First Advantage in the 4th quarter worth about $375,000. Finally, Natixis Advisors LLC boosted its stake in shares of First Advantage by 35.4% during the fourth quarter. Natixis Advisors LLC now owns 20,353 shares of the company's stock valued at $381,000 after purchasing an additional 5,317 shares in the last quarter. 94.91% of the stock is owned by institutional investors.

First Advantage Trading Up 0.7 %

FA stock traded up $0.10 during mid-day trading on Wednesday, reaching $14.07. The company's stock had a trading volume of 182,089 shares, compared to its average volume of 738,447. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 468.50 and a beta of 1.20. First Advantage Co. has a 12 month low of $12.32 and a 12 month high of $20.79. The business's 50 day moving average price is $15.38 and its 200 day moving average price is $17.63. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61.

Wall Street Analysts Forecast Growth

FA has been the topic of several recent research reports. Barclays reiterated an "equal weight" rating and set a $15.00 target price (down from $20.00) on shares of First Advantage in a research report on Thursday, April 10th. BMO Capital Markets reduced their price target on First Advantage from $24.00 to $22.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. Royal Bank of Canada restated an "outperform" rating and set a $22.00 price objective on shares of First Advantage in a research report on Thursday, January 23rd. Finally, William Blair reiterated an "outperform" rating on shares of First Advantage in a report on Friday, February 28th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $65.80.

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.