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

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

First Advantage Trading Down 0.4 %

Shares of First Advantage stock opened at $13.00 on Wednesday. The stock has a market capitalization of $2.26 billion, a P/E ratio of 433.33 and a beta of 1.21. First Advantage Co. has a 52-week low of $12.73 and a 52-week high of $20.79. 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 stock’s 50-day simple moving average is $17.83 and its 200 day simple moving average is $18.64.

Institutional Trading of First Advantage

Hedge funds and other institutional investors have recently modified their holdings of the business. Wellington Management Group LLP purchased a new position in First Advantage in the 4th quarter valued at approximately $71,695,000. Capital World Investors boosted its holdings in shares of First Advantage by 246.4% in the fourth quarter. Capital World Investors now owns 5,227,076 shares of the company’s stock worth $97,903,000 after acquiring an additional 3,718,096 shares during the period. American Century Companies Inc. grew its position in shares of First Advantage by 337.3% in the fourth quarter. American Century Companies Inc. now owns 3,584,054 shares of the company’s stock valued at $67,129,000 after purchasing an additional 2,764,534 shares in the last quarter. FMR LLC raised its stake in shares of First Advantage by 49.1% during the 4th quarter. FMR LLC now owns 8,350,192 shares of the company’s stock valued at $156,399,000 after purchasing an additional 2,750,166 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in First Advantage by 48.0% during the 4th quarter. Vanguard Group Inc. now owns 7,425,305 shares of the company’s stock worth $139,076,000 after purchasing an additional 2,409,233 shares in the last quarter. Institutional investors own 94.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on FA shares. Barclays cut their target price on First Advantage from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Needham & Company LLC restated a “hold” rating on shares of First Advantage in a research note on Wednesday, November 13th. BMO Capital Markets decreased their target price on First Advantage from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. William Blair reissued an “outperform” rating on shares of First Advantage in a report on Friday, February 28th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $22.00 price objective on shares of First Advantage in a report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $53.29.

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.