First Advantage Co. (NYSE:FA) Position Increased by Corebridge Financial Inc.

Corebridge Financial Inc. raised its position in First Advantage Co. (NYSE:FA) by 9.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,784 shares of the company’s stock after purchasing an additional 2,607 shares during the quarter. Corebridge Financial Inc.’s holdings in First Advantage were worth $558,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of First Advantage in the 4th quarter valued at approximately $257,000. Truist Financial Corp lifted its stake in First Advantage by 37.4% in the fourth quarter. Truist Financial Corp now owns 19,095 shares of the company’s stock valued at $358,000 after acquiring an additional 5,197 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in First Advantage by 17.6% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 19,626 shares of the company’s stock valued at $368,000 after acquiring an additional 2,938 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in First Advantage in the fourth quarter worth approximately $375,000. Finally, Natixis Advisors LLC increased its stake in shares of First Advantage by 35.4% during the 4th quarter. Natixis Advisors LLC now owns 20,353 shares of the company’s stock worth $381,000 after purchasing an additional 5,317 shares during the last quarter. 94.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FA has been the subject of several analyst reports. William Blair reaffirmed an “outperform” rating on shares of First Advantage in a research note on Friday, February 28th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $22.00 price target on shares of First Advantage in a research report on Thursday, January 23rd. Barclays lowered their price objective on First Advantage from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Finally, BMO Capital Markets reduced their target price on First Advantage from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $66.80.

First Advantage Trading Down 2.0 %

First Advantage stock opened at $13.35 on Tuesday. First Advantage Co. has a 52 week low of $12.32 and a 52 week high of $20.79. 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 firm has a market capitalization of $2.32 billion, a PE ratio of 445.00 and a beta of 1.20. The business’s 50-day simple moving average is $16.17 and its 200-day simple moving average is $17.91.

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.