Sunriver Management LLC Cuts Stake in First Advantage Co. $FA

Sunriver Management LLC lessened its holdings in First Advantage Co. (NYSE:FA) by 53.0% during the second quarter, Holdings Channel.com reports. The firm owned 1,608,701 shares of the company’s stock after selling 1,811,806 shares during the quarter. First Advantage accounts for 2.9% of Sunriver Management LLC’s investment portfolio, making the stock its 18th largest holding. Sunriver Management LLC’s holdings in First Advantage were worth $26,721,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in FA. Parkside Financial Bank & Trust grew its stake in shares of First Advantage by 22.8% during the second quarter. Parkside Financial Bank & Trust now owns 7,164 shares of the company’s stock valued at $119,000 after buying an additional 1,328 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in First Advantage by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,567 shares of the company’s stock worth $501,000 after purchasing an additional 1,471 shares during the period. Oppenheimer Asset Management Inc. lifted its position in First Advantage by 6.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 26,425 shares of the company’s stock valued at $439,000 after purchasing an additional 1,614 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of First Advantage by 29.1% during the second quarter. Ameritas Investment Partners Inc. now owns 8,088 shares of the company’s stock valued at $134,000 after purchasing an additional 1,821 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of First Advantage by 1,208.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 2,368 shares of the company’s stock worth $39,000 after purchasing an additional 2,187 shares during the last quarter. 94.91% of the stock is owned by institutional investors.

First Advantage Stock Up 3.1%

Shares of First Advantage stock opened at $13.92 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. First Advantage Co. has a 12-month low of $11.95 and a 12-month high of $20.36. The company has a market cap of $2.42 billion, a P/E ratio of 464.00 and a beta of 1.18. The company’s fifty day simple moving average is $13.94 and its two-hundred day simple moving average is $15.88.

First Advantage (NYSE:FA) last posted its earnings results on Thursday, November 6th. The company reported $0.30 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%. During the same period in the previous year, the business posted $0.26 earnings per share. The business’s quarterly revenue was up 105.5% on a year-over-year basis. First Advantage has set its FY 2025 guidance at 0.980-1.020 EPS. Research analysts anticipate that First Advantage Co. will post 0.74 EPS for the current year.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on FA shares. Needham & Company LLC reiterated a “hold” rating on shares of First Advantage in a report on Thursday, August 21st. Zacks Research raised shares of First Advantage from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Finally, 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 note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.25.

First Advantage 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.