First Advantage Co. (NYSE:FA) Shares Sold by Quest Partners LLC

Quest Partners LLC cut its stake in shares of First Advantage Co. (NYSE:FA) by 55.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,576 shares of the company’s stock after selling 1,954 shares during the period. Quest Partners LLC’s holdings in First Advantage were worth $31,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FA. Quarry LP increased its position in First Advantage by 49.7% during the 2nd quarter. Quarry LP now owns 2,607 shares of the company’s stock worth $42,000 after purchasing an additional 865 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of First Advantage in the second quarter worth $209,000. Oppenheimer Asset Management Inc. purchased a new position in shares of First Advantage in the 2nd quarter valued at $211,000. Truist Financial Corp purchased a new position in shares of First Advantage in the 2nd quarter valued at $234,000. Finally, Natixis Advisors LLC purchased a new stake in First Advantage during the 3rd quarter worth $298,000. 94.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wolfe Research downgraded First Advantage from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Royal Bank of Canada initiated coverage on First Advantage in a research note on Friday, November 15th. They issued an “outperform” rating and a $22.00 target price for the company. William Blair reissued an “outperform” rating on shares of First Advantage in a research report on Wednesday, November 13th. Barclays restated an “overweight” rating and issued a $22.00 price target on shares of First Advantage in a report on Wednesday, November 20th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of First Advantage in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, First Advantage currently has a consensus rating of “Moderate Buy” and an average target price of $58.83.

First Advantage Trading Down 0.3 %

Shares of FA opened at $19.23 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85. The stock has a 50-day moving average price of $18.96 and a 200 day moving average price of $17.80. The company has a market capitalization of $3.32 billion, a P/E ratio of 641.00 and a beta of 1.18. First Advantage Co. has a one year low of $14.01 and a one year high of $20.79.

First Advantage (NYSE:FA) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The firm had revenue of $199.10 million for the quarter, compared to the consensus estimate of $204.39 million. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. The firm’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 EPS. Sell-side analysts forecast that First Advantage Co. will post 0.75 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.