Price T Rowe Associates Inc. MD Has $27.52 Million Position in First Advantage Co. (NYSE:FA)

Price T Rowe Associates Inc. MD grew its stake in shares of First Advantage Co. (NYSE:FA - Free Report) by 110.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,469,272 shares of the company's stock after purchasing an additional 769,825 shares during the period. Price T Rowe Associates Inc. MD owned about 0.85% of First Advantage worth $27,520,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Summit Investment Advisors Inc. raised its position in First Advantage by 15.3% during 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 during the period. Tower Research Capital LLC TRC lifted its position in First Advantage by 1,219.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,555 shares of the company's stock worth $198,000 after buying an additional 9,755 shares in the last quarter. Pictet Asset Management Holding SA acquired a new stake in shares of First Advantage during the 4th quarter valued at $210,000. Brighton Jones LLC purchased a new position in shares of First Advantage during the 4th quarter valued at $257,000. Finally, Truist Financial Corp increased its stake in shares of First Advantage by 37.4% in the fourth quarter. Truist Financial Corp now owns 19,095 shares of the company's stock worth $358,000 after acquiring an additional 5,197 shares during the last quarter. Hedge funds and other institutional investors own 94.91% of the company's stock.

Wall Street Analyst Weigh In

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

First Advantage Stock Performance

NYSE:FA traded down $0.08 during mid-day trading on Tuesday, hitting $14.75. 77,548 shares of the company's stock traded hands, compared to its average volume of 771,908. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61. The firm has a 50 day moving average of $13.93 and a two-hundred day moving average of $17.04. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 493.00 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.

About First Advantage

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.