First Advantage (NYSE:FA) Releases Earnings Results, Beats Estimates By $0.02 EPS

First Advantage (NYSE:FA) posted its quarterly earnings results on Thursday. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.28 by $0.02, Briefing.com reports. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. During the same period last year, the firm posted $0.26 earnings per share. First Advantage’s revenue for the quarter was up 105.5% on a year-over-year basis. First Advantage updated its FY 2025 guidance to 0.980-1.020 EPS.

First Advantage Stock Performance

FA stock traded down $0.49 on Friday, reaching $13.31. The company’s stock had a trading volume of 1,064,607 shares, compared to its average volume of 1,000,871. First Advantage has a 52 week low of $12.25 and a 52 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 company has a market capitalization of $2.32 billion, a P/E ratio of 443.67 and a beta of 1.19. The firm has a fifty day moving average of $14.79 and a two-hundred day moving average of $16.17.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Zacks Research cut shares of First Advantage from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. JPMorgan Chase & Co. dropped their price target on First Advantage from $21.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Needham & Company LLC reissued a “hold” rating on shares of First Advantage in a report on Thursday, August 21st. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $19.25.

Insider Transactions at First Advantage

In other First Advantage news, President Joelle M. Smith sold 9,900 shares of the business’s stock in a transaction 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 completion of the transaction, the president owned 42,727 shares in the company, valued at approximately $670,813.90. The trade was a 18.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.90% of the company’s stock.

Institutional Investors Weigh In On First Advantage

Several institutional investors have recently bought and sold shares of FA. Brighton Jones LLC acquired a new position in First Advantage during the 4th quarter valued at about $257,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of 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 acquiring an additional 1,471 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of First Advantage by 7.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 239,233 shares of the company’s stock valued at $3,371,000 after acquiring an additional 16,664 shares in the last quarter. Prudential Financial Inc. acquired a new position in shares of First Advantage during the second quarter valued at approximately $167,000. Finally, Russell Investments Group Ltd. raised its holdings in First Advantage by 627.7% during the second quarter. Russell Investments Group Ltd. now owns 67,178 shares of the company’s stock worth $1,116,000 after purchasing an additional 57,946 shares in the last quarter. Institutional investors and hedge funds own 94.91% of the company’s stock.

About First Advantage

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.