Truist Financial Corp Buys 9,863 Shares of First Advantage Co. $FA

Truist Financial Corp boosted its stake in shares of First Advantage Co. (NYSE:FA) by 68.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,172 shares of the company’s stock after purchasing an additional 9,863 shares during the quarter. Truist Financial Corp’s holdings in First Advantage were worth $401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of FA. Brighton Jones LLC purchased a new stake in First Advantage in the fourth quarter valued at about $257,000. GAMMA Investing LLC raised its holdings in shares of First Advantage by 748.5% during the first quarter. GAMMA Investing LLC now owns 6,890 shares of the company’s stock worth $97,000 after purchasing an additional 6,078 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of First Advantage by 10.8% during the first quarter. Rhumbline Advisers now owns 87,194 shares of the company’s stock worth $1,229,000 after purchasing an additional 8,498 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of First Advantage by 26.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 24,811 shares of the company’s stock valued at $350,000 after purchasing an additional 5,185 shares in the last quarter. Finally, Palisade Capital Management LP increased its holdings in shares of First Advantage by 23.1% during the 1st quarter. Palisade Capital Management LP now owns 1,562,809 shares of the company’s stock valued at $22,020,000 after purchasing an additional 293,044 shares in the last quarter. 94.91% of the stock is owned by hedge funds and other institutional investors.

First Advantage Stock Performance

Shares of First Advantage stock opened at $14.06 on Friday. First Advantage Co. has a one year low of $12.32 and a one year high of $20.79. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 468.67 and a beta of 1.21. 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 business’s 50 day moving average price is $15.71 and its 200 day moving average price is $16.19.

First Advantage (NYSE:FA) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. First Advantage had a return on equity of 13.16% and a net margin of 0.65%.During the same quarter in the prior year, the business earned $0.21 EPS. The business’s revenue for the quarter was up 111.7% on a year-over-year basis. First Advantage has set its FY 2025 guidance at 0.860-1.030 EPS. On average, research analysts predict that First Advantage Co. will post 0.74 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of First Advantage in a report on Thursday, August 21st. Zacks Research downgraded shares of First Advantage from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, First Advantage currently has a consensus rating of “Hold” and an average price target of $20.00.

Insiders Place Their Bets

In other First Advantage news, President Joelle M. Smith sold 9,900 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $15.70, for a total value of $155,430.00. Following the transaction, the president directly owned 42,727 shares in the company, valued at $670,813.90. The trade was a 18.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.90% of the stock is owned by insiders.

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.