Intech Investment Management LLC Sells 4,790 Shares of First Advantage Co. $FA

Intech Investment Management LLC cut its position in shares of First Advantage Co. (NYSE:FA) by 8.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,897 shares of the company’s stock after selling 4,790 shares during the period. Intech Investment Management LLC’s holdings in First Advantage were worth $812,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FA. Caitong International Asset Management Co. Ltd raised its stake in First Advantage by 1,208.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 2,368 shares of the company’s stock worth $39,000 after acquiring an additional 2,187 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of First Advantage by 22.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 7,164 shares of the company’s stock worth $119,000 after purchasing an additional 1,328 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of First Advantage by 2,967.1% during the 1st quarter. Russell Investments Group Ltd. now owns 9,232 shares of the company’s stock worth $130,000 after purchasing an additional 8,931 shares in the last quarter. TD Asset Management Inc bought a new position in First Advantage during the 1st quarter valued at about $187,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in First Advantage in the second quarter valued at about $238,000. 94.91% of the stock is owned by institutional investors.

Insider Transactions at First Advantage

In other news, President Joelle M. Smith sold 9,900 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $15.70, for a total transaction of $155,430.00. Following the completion of the transaction, the president directly owned 42,727 shares of the company’s stock, valued at $670,813.90. This trade represents a 18.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.90% of the company’s stock.

First Advantage Price Performance

Shares of FA opened at $13.82 on Thursday. The stock has a market cap of $2.41 billion, a P/E ratio of 460.67 and a beta of 1.19. First Advantage Co. has a 1 year low of $11.95 and a 1 year high of $20.36. The stock’s 50-day moving average price is $14.07 and its two-hundred day moving average price is $16.03. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61.

First Advantage (NYSE:FA) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating 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%. During the same period last year, the business posted $0.26 earnings per share. The firm’s revenue for the quarter was up 105.5% compared to the same quarter last year. First Advantage has set its FY 2025 guidance at 0.980-1.020 EPS. On average, equities analysts predict that First Advantage Co. will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on FA shares. Zacks Research upgraded First Advantage from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 14th. JPMorgan Chase & Co. lowered their price objective on shares of First Advantage from $21.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of First Advantage in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.25.

First Advantage Company 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.