145,067 Shares in First Advantage Co. $FA Acquired by Corient Private Wealth LP

Corient Private Wealth LP purchased a new position in shares of First Advantage Co. (NYSE:FA) during the second quarter, HoldingsChannel reports. The institutional investor purchased 145,067 shares of the company’s stock, valued at approximately $2,618,000.

Other hedge funds have also made changes to their positions in the company. KBC Group NV purchased a new stake in shares of First Advantage in the first quarter valued at $35,000. Versant Capital Management Inc lifted its position in First Advantage by 47.1% during the second quarter. Versant Capital Management Inc now owns 2,445 shares of the company’s stock worth $44,000 after buying an additional 783 shares during the period. Fifth Third Bancorp acquired a new stake in First Advantage in the 1st quarter worth about $45,000. Clearstead Advisors LLC boosted its stake in First Advantage by 192.8% in the 4th quarter. Clearstead Advisors LLC now owns 4,333 shares of the company’s stock worth $63,000 after buying an additional 2,853 shares during the last quarter. Finally, State of Wyoming purchased a new stake in First Advantage in the 2nd quarter valued at about $81,000. Institutional investors and hedge funds own 94.91% of the company’s stock.

Insider Activity

In other news, Director James Lindsey Clark sold 4,921 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $15.69, for a total value of $77,210.49. Following the transaction, 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 SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.40% of the stock is owned by insiders.

Analyst Ratings Changes

FA has been the subject of a number of research analyst reports. Needham & Company LLC raised shares of First Advantage from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Thursday, August 6th. Barclays boosted their target price on shares of First Advantage from $20.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Zacks Research raised shares of First Advantage from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Citigroup increased their price target on shares of First Advantage from $18.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, August 17th. Finally, JPMorgan Chase & Co. lifted their price target on shares of First Advantage from $15.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.33.

First Advantage Stock Down 4.0%

Shares of NYSE:FA opened at $20.17 on Wednesday. The stock has a 50-day simple moving average of $20.53 and a 200-day simple moving average of $15.65. The stock has a market capitalization of $3.46 billion, a P/E ratio of 672.33 and a beta of 1.16. First Advantage Co. has a 1 year low of $8.82 and a 1 year high of $25.15. 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 posted its quarterly earnings results on Thursday, August 6th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.29 by $0.06. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. First Advantage’s revenue was up 14.9% on a year-over-year basis. During the same period last year, the business earned $0.27 EPS. First Advantage has set its FY 2026 guidance at 1.23-1.290 EPS. Equities analysts forecast that First Advantage Co. will post 0.74 earnings per share for the current year.

First Advantage 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.