Emerald Advisers LLC Has $21.37 Million Holdings in First Advantage Co. $FA

Emerald Advisers LLC trimmed its holdings in shares of First Advantage Co. (NYSE:FA) by 3.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,388,500 shares of the company’s stock after selling 43,231 shares during the period. Emerald Advisers LLC owned approximately 0.80% of First Advantage worth $21,369,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of FA. Alliancebernstein L.P. boosted its stake in First Advantage by 724.5% during the second quarter. Alliancebernstein L.P. now owns 5,256,511 shares of the company’s stock worth $87,311,000 after acquiring an additional 4,618,946 shares in the last quarter. Boston Partners raised its holdings in shares of First Advantage by 19.6% during the second quarter. Boston Partners now owns 2,896,207 shares of the company’s stock valued at $47,866,000 after purchasing an additional 474,634 shares during the period. Jane Street Group LLC bought a new position in shares of First Advantage during the 2nd quarter worth about $7,107,000. Geode Capital Management LLC boosted its position in shares of First Advantage by 16.2% during the 2nd quarter. Geode Capital Management LLC now owns 1,818,904 shares of the company’s stock worth $30,215,000 after purchasing an additional 253,773 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of First Advantage by 39.3% in the 2nd quarter. Bank of America Corp DE now owns 775,205 shares of the company’s stock valued at $12,876,000 after buying an additional 218,698 shares during the period. Institutional investors own 94.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on FA shares. Zacks Research lowered First Advantage from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. JPMorgan Chase & Co. lowered their target price on First Advantage from $21.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, First Advantage presently has a consensus rating of “Hold” and a consensus target price of $19.25.

First Advantage Trading Up 1.3%

NYSE FA opened at $14.33 on Thursday. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61. The business has a fifty day simple moving average of $14.39 and a 200 day simple moving average of $15.25. First Advantage Co. has a 12 month low of $11.95 and a 12 month high of $20.27. The firm has a market capitalization of $2.50 billion, a P/E ratio of 477.67 and a beta of 1.18.

First Advantage (NYSE:FA) last posted its earnings results on Thursday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.02. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. The business’s revenue for the quarter was up 105.5% on a year-over-year basis. During the same period last year, the business posted $0.26 earnings per share. First Advantage has set its FY 2025 guidance at 0.980-1.020 EPS. On average, analysts predict that First Advantage Co. will post 0.74 EPS for the current fiscal year.

First Advantage Company Profile

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.