The Manufacturers Life Insurance Company acquired a new stake in First Advantage Co. (NYSE:FA – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 30,180 shares of the company’s stock, valued at approximately $545,000.
A number of other large investors also recently bought and sold shares of the stock. Brighton Jones LLC acquired a new stake in shares of First Advantage during the fourth quarter valued at about $257,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of First Advantage by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,567 shares of the company’s stock worth $501,000 after acquiring an additional 1,471 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of First Advantage by 7.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 239,233 shares of the company’s stock worth $3,371,000 after acquiring an additional 16,664 shares during the last quarter. Prudential Financial Inc. purchased a new position in shares of First Advantage during the 2nd quarter worth approximately $167,000. Finally, Russell Investments Group Ltd. boosted its position in shares of First Advantage by 627.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 67,178 shares of the company’s stock worth $1,116,000 after purchasing an additional 57,946 shares during the period. Institutional investors and hedge funds own 94.91% of the company’s stock.
First Advantage Price Performance
Shares of NYSE FA opened at $21.38 on Monday. The company has a market capitalization of $3.67 billion, a price-to-earnings ratio of 712.67 and a beta of 1.15. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick ratio of 3.85. The business has a 50-day moving average of $20.76 and a two-hundred day moving average of $15.89. First Advantage Co. has a 1 year low of $8.82 and a 1 year high of $25.15.
Analyst Ratings Changes
FA has been the topic of a number of research analyst reports. Needham & Company LLC raised First Advantage from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Thursday, August 6th. Citigroup upped their price target on First Advantage from $18.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, August 17th. Zacks Research upgraded First Advantage from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Royal Bank Of Canada lifted their price objective on First Advantage from $21.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, August 7th. Finally, Barclays boosted their price objective on First Advantage from $20.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold 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 $23.33.
Read Our Latest Stock Report on First Advantage
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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