Ieq Capital LLC Acquires Shares of 32,551 First Advantage Co. $FA

Ieq Capital LLC bought a new position in First Advantage Co. (NYSE:FA) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 32,551 shares of the company’s stock, valued at approximately $588,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc grew its holdings in shares of First Advantage by 47.1% in the second quarter. Versant Capital Management Inc now owns 2,445 shares of the company’s stock worth $44,000 after purchasing an additional 783 shares during the last quarter. Glenmede Trust Co. NA lifted its holdings in First Advantage by 6.6% during the 1st quarter. Glenmede Trust Co. NA now owns 21,966 shares of the company’s stock valued at $258,000 after buying an additional 1,359 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in First Advantage by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,567 shares of the company’s stock valued at $501,000 after buying an additional 1,471 shares in the last quarter. Swiss National Bank boosted its position in First Advantage by 1.6% in the 3rd quarter. Swiss National Bank now owns 151,544 shares of the company’s stock valued at $2,332,000 after buying an additional 2,400 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in First Advantage by 5.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 44,279 shares of the company’s stock valued at $735,000 after buying an additional 2,463 shares during the period. 94.91% of the stock is currently owned by institutional investors.

Insider Transactions at First Advantage

In other First Advantage news, Director James Lindsey Clark sold 4,921 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $15.69, for a total transaction of $77,210.49. Following the sale, the director owned 56,844 shares of the company’s stock, valued at approximately $891,882.36. This trade represents a 7.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 4.40% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on FA. Needham & Company LLC raised shares of First Advantage from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Thursday, August 6th. JPMorgan Chase & Co. boosted their price target on First Advantage from $15.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Zacks Research upgraded First Advantage from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. Barclays increased their price objective on First Advantage from $20.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Finally, Stifel Nicolaus set a $18.00 target price on First Advantage in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $23.33.

First Advantage Price Performance

Shares of FA opened at $21.04 on Friday. The company has a 50 day moving average price of $20.36 and a 200-day moving average price of $15.49. First Advantage Co. has a fifty-two week low of $8.82 and a fifty-two week high of $25.15. The stock has a market capitalization of $3.61 billion, a PE ratio of 701.33 and a beta of 1.16. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85.

First Advantage (NYSE:FA) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.06. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. The company’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 EPS. First Advantage has set its FY 2026 guidance at 1.23-1.290 EPS. Equities analysts predict that First Advantage Co. will post 0.74 earnings per share for the current fiscal year.

First Advantage Company Profile

First Advantage is a global provider of background screening, identity verification and workforce risk management solutions. The company delivers a comprehensive suite of services that help employers verify candidate credentials, manage regulatory compliance and mitigate risk throughout the employee lifecycle. Its platform is built to integrate with leading human capital management and applicant tracking systems, enabling a seamless and scalable experience for organizations of all sizes.

The company’s core offerings include pre-employment and continuous background screening, digital identity verification, drug and health testing, and ongoing employee monitoring.