Two Sigma Investments LP Acquires 71,298 Shares of First Advantage Co. (NYSE:FA)

Two Sigma Investments LP lifted its holdings in shares of First Advantage Co. (NYSE:FA) by 65.3% during the 4th quarter, Holdings Channel reports. The firm owned 180,532 shares of the company’s stock after purchasing an additional 71,298 shares during the period. Two Sigma Investments LP’s holdings in First Advantage were worth $3,381,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in FA. Brighton Jones LLC bought a new position in shares of First Advantage during the fourth quarter worth approximately $257,000. Cortland Associates Inc. MO bought a new position in shares of First Advantage during the fourth quarter worth approximately $24,328,000. Jennison Associates LLC boosted its position in shares of First Advantage by 29.5% during the 4th quarter. Jennison Associates LLC now owns 432,387 shares of the company’s stock worth $8,099,000 after acquiring an additional 98,500 shares in the last quarter. Rhumbline Advisers boosted its position in shares of First Advantage by 6.9% during the 4th quarter. Rhumbline Advisers now owns 78,696 shares of the company’s stock worth $1,474,000 after acquiring an additional 5,104 shares in the last quarter. Finally, Truist Financial Corp boosted its position in shares of First Advantage by 37.4% during the 4th quarter. Truist Financial Corp now owns 19,095 shares of the company’s stock worth $358,000 after acquiring an additional 5,197 shares in the last quarter. 94.91% of the stock is owned by institutional investors.

First Advantage Stock Performance

Shares of First Advantage stock opened at $17.03 on Friday. First Advantage Co. has a fifty-two week low of $12.32 and a fifty-two week high of $20.79. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick ratio of 3.85. The firm has a market capitalization of $2.96 billion, a P/E ratio of 567.67 and a beta of 1.20. The company’s 50 day moving average price is $15.24 and its two-hundred day moving average price is $16.94.

First Advantage (NYSE:FA) last issued its earnings results on Thursday, May 8th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. During the same period last year, the company earned $0.17 EPS. First Advantage’s revenue for the quarter was up 109.3% on a year-over-year basis. On average, equities analysts forecast that First Advantage Co. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FA has been the topic of several analyst reports. William Blair reiterated an “outperform” rating on shares of First Advantage in a research report on Friday, February 28th. Barclays increased their price target on shares of First Advantage from $15.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Thursday. Royal Bank of Canada lowered shares of First Advantage from an “outperform” rating to a “sector perform” rating and set a $20.00 price target on the stock. in a research report on Friday, May 9th. Finally, BMO Capital Markets reduced their price target on shares of First Advantage from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $66.00.

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.