Deutsche Bank AG Grows Stock Position in First Advantage Co. (NYSE:FA)

Deutsche Bank AG lifted its holdings in shares of First Advantage Co. (NYSE:FA) by 106.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 59,377 shares of the company’s stock after acquiring an additional 30,669 shares during the period. Deutsche Bank AG’s holdings in First Advantage were worth $1,112,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Summit Investment Advisors Inc. increased its position in shares of First Advantage by 15.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company’s stock valued at $117,000 after acquiring an additional 832 shares during the period. BNP Paribas Financial Markets purchased a new stake in First Advantage during the 4th quarter valued at about $132,000. Two Sigma Securities LLC acquired a new position in shares of First Advantage in the fourth quarter valued at about $188,000. Tower Research Capital LLC TRC raised its stake in shares of First Advantage by 1,219.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,555 shares of the company’s stock worth $198,000 after purchasing an additional 9,755 shares during the last quarter. Finally, Pictet Asset Management Holding SA acquired a new stake in shares of First Advantage during the fourth quarter worth about $210,000. Hedge funds and other institutional investors own 94.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. BMO Capital Markets cut their price target on shares of First Advantage from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. William Blair reiterated an “outperform” rating on shares of First Advantage in a research note on Friday, February 28th. Royal Bank of Canada cut shares of First Advantage from an “outperform” rating to a “sector perform” rating and set a $20.00 target price for the company. in a report on Friday, May 9th. Finally, Barclays reaffirmed an “equal weight” rating and issued a $15.00 price target (down from $20.00) on shares of First Advantage in a report on Thursday, April 10th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, First Advantage has an average rating of “Hold” and an average target price of $65.40.

First Advantage Price Performance

NYSE:FA opened at $16.88 on Monday. 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 company has a 50 day moving average price of $14.98 and a 200-day moving average price of $16.96. First Advantage Co. has a 1-year low of $12.32 and a 1-year high of $20.79. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 562.67 and a beta of 1.20.

First Advantage (NYSE:FA) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. The firm’s quarterly revenue was up 109.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.17 earnings per share. Equities research analysts forecast that First Advantage Co. will post 0.74 EPS for the current year.

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.