First Advantage Co. (NYSE:FA) Shares Sold by Emerald Advisers LLC

Emerald Advisers LLC cut its holdings in First Advantage Co. (NYSE:FA) by 3.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,158,833 shares of the company’s stock after selling 37,120 shares during the quarter. Emerald Advisers LLC owned about 0.80% of First Advantage worth $18,622,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Principal Financial Group Inc. raised its stake in First Advantage by 6.3% during the 1st quarter. Principal Financial Group Inc. now owns 24,336 shares of the company’s stock valued at $395,000 after acquiring an additional 1,447 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of First Advantage by 16.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,478 shares of the company’s stock worth $252,000 after purchasing an additional 2,163 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of First Advantage by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 258,265 shares of the company’s stock worth $4,150,000 after acquiring an additional 2,326 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of First Advantage by 8.0% in the second quarter. Victory Capital Management Inc. now owns 36,261 shares of the company’s stock valued at $583,000 after acquiring an additional 2,700 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of First Advantage by 38.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,948 shares of the company’s stock worth $256,000 after acquiring an additional 4,414 shares during the period. Institutional investors and hedge funds own 94.91% of the company’s stock.

Insider Activity at First Advantage

In related news, Director James Lindsey Clark sold 2,100 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $15.48, for a total transaction of $32,508.00. Following the sale, the director now owns 42,927 shares in the company, valued at $664,509.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on FA shares. Needham & Company LLC reiterated a “hold” rating on shares of First Advantage in a research report on Monday, May 13th. Truist Financial cut their price target on shares of First Advantage from $250.00 to $249.00 and set a “buy” rating for the company in a report on Monday, July 22nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $76.25.

First Advantage Stock Down 0.6 %

FA opened at $18.94 on Friday. First Advantage Co. has a one year low of $12.46 and a one year high of $19.43. The company has a debt-to-equity ratio of 0.61, a quick ratio of 4.31 and a current ratio of 4.31. The business’s fifty day moving average is $17.29 and its two-hundred day moving average is $16.54. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 86.09, a PEG ratio of 3.71 and a beta of 1.16.

First Advantage (NYSE:FA) last released its earnings results on Thursday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.21. First Advantage had a net margin of 3.24% and a return on equity of 13.94%. The firm had revenue of $184.55 million during the quarter, compared to the consensus estimate of $184.66 million. During the same period in the previous year, the firm earned $0.24 earnings per share. First Advantage’s revenue was down .4% compared to the same quarter last year. Analysts anticipate that First Advantage Co. will post 0.82 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.