Steven Irwin Marks Buys 1,000 Shares of First Advantage Co. (NYSE:FA) Stock

First Advantage Co. (NYSE:FA) CFO Steven Irwin Marks purchased 1,000 shares of First Advantage stock in a transaction that occurred on Friday, March 7th. The shares were purchased at an average cost of $13.50 per share, with a total value of $13,500.00. Following the transaction, the chief financial officer now directly owns 20,189 shares of the company’s stock, valued at $272,551.50. This represents a 5.21 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

First Advantage Trading Down 0.6 %

First Advantage stock opened at $13.34 on Monday. The business has a 50-day simple moving average of $18.06 and a two-hundred day simple moving average of $18.72. First Advantage Co. has a 52-week low of $12.90 and a 52-week high of $20.79. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. The company has a market cap of $2.31 billion, a P/E ratio of 444.67 and a beta of 1.21.

Institutional Trading of First Advantage

Large investors have recently added to or reduced their stakes in the business. Summit Investment Advisors Inc. lifted its position in First Advantage by 15.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company’s stock valued at $117,000 after purchasing an additional 832 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of First Advantage in the fourth quarter worth about $132,000. Two Sigma Securities LLC purchased a new position in shares of First Advantage during the 4th quarter valued at about $188,000. Tower Research Capital LLC TRC grew its stake in shares of First Advantage by 1,219.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,555 shares of the company’s stock valued at $198,000 after acquiring an additional 9,755 shares during the period. Finally, Pictet Asset Management Holding SA purchased a new stake in First Advantage in the 4th quarter worth approximately $210,000. 94.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FA has been the topic of several analyst reports. BMO Capital Markets lowered their price objective on First Advantage from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. William Blair reaffirmed an “outperform” rating on shares of First Advantage in a report on Friday, February 28th. Needham & Company LLC reissued a “hold” rating on shares of First Advantage in a research report on Wednesday, November 13th. Barclays dropped their price target on shares of First Advantage from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $22.00 price target on shares of First Advantage in a research note on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $53.29.

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.