Shares of First Advantage Co. (NYSE:FA – Get Free Report) were down 5.5% on Monday . The stock traded as low as $20.60 and last traded at $20.3920. Approximately 227,588 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 1,508,891 shares. The stock had previously closed at $21.58.
Analysts Set New Price Targets
Several brokerages have recently issued reports on FA. Royal Bank Of Canada raised their target price on First Advantage from $21.00 to $24.00 and gave the company a “sector perform” rating in a research report on Friday, August 7th. Zacks Research upgraded shares of First Advantage from a “hold” rating to a “strong-buy” rating in a research report on Monday. JPMorgan Chase & Co. raised their price objective on shares of First Advantage from $15.00 to $18.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Needham & Company LLC raised shares of First Advantage from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Thursday, August 6th. Finally, Citigroup increased their target price on shares of First Advantage from $18.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, First Advantage has a consensus rating of “Moderate Buy” and a consensus price target of $23.33.
Check Out Our Latest Stock Report on First Advantage
First Advantage Price Performance
First Advantage (NYSE:FA – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.29 by $0.06. First Advantage had a return on equity of 13.16% and a net margin of 0.65%.The firm’s revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.27 earnings per share. First Advantage has set its FY 2026 guidance at 1.23-1.290 EPS. On average, sell-side analysts expect that First Advantage Co. will post 0.74 EPS for the current fiscal year.
Insider Activity at First Advantage
In other news, Director James Lindsey Clark sold 4,921 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $15.69, for a total value of $77,210.49. Following the transaction, the director owned 56,844 shares of the company’s stock, valued at $891,882.36. This represents a 7.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.40% of the stock is owned by insiders.
Hedge Funds Weigh In On First Advantage
Several institutional investors have recently modified their holdings of the company. Sei Investments Co. boosted its stake in First Advantage by 33.6% in the first quarter. Sei Investments Co. now owns 181,210 shares of the company’s stock worth $2,131,000 after buying an additional 45,608 shares in the last quarter. Sunriver Management LLC grew its position in First Advantage by 14.0% during the first quarter. Sunriver Management LLC now owns 3,032,711 shares of the company’s stock valued at $35,665,000 after acquiring an additional 371,425 shares during the last quarter. Quantinno Capital Management LP raised its stake in shares of First Advantage by 581.4% during the first quarter. Quantinno Capital Management LP now owns 214,882 shares of the company’s stock worth $2,527,000 after acquiring an additional 183,345 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of First Advantage during the first quarter worth approximately $1,288,000. Finally, Brighton Jones LLC bought a new stake in shares of First Advantage in the 4th quarter worth approximately $257,000. 94.91% of the stock is currently owned by institutional investors.
About First Advantage
First Advantage is a global provider of background screening, identity verification and workforce risk management solutions. The company delivers a comprehensive suite of services that help employers verify candidate credentials, manage regulatory compliance and mitigate risk throughout the employee lifecycle. Its platform is built to integrate with leading human capital management and applicant tracking systems, enabling a seamless and scalable experience for organizations of all sizes.
The company’s core offerings include pre-employment and continuous background screening, digital identity verification, drug and health testing, and ongoing employee monitoring.
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