Ieq Capital LLC Takes Position in First Advantage Co. $FA

Ieq Capital LLC acquired a new position in First Advantage Co. (NYSE:FA) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 32,551 shares of the company’s stock, valued at approximately $588,000.

Other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc grew its stake in First Advantage by 47.1% during the 2nd 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 last quarter. Glenmede Trust Co. NA raised its stake in First Advantage by 6.6% in the first 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in First Advantage by 4.3% in the first 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 in the last quarter. Swiss National Bank boosted its holdings in First Advantage by 1.6% in the third quarter. Swiss National Bank now owns 151,544 shares of the company’s stock worth $2,332,000 after acquiring an additional 2,400 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in First Advantage by 5.9% in the second quarter. The Manufacturers Life Insurance Company now owns 44,279 shares of the company’s stock worth $735,000 after acquiring an additional 2,463 shares in the last quarter. Institutional investors and hedge funds own 94.91% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on FA. Royal Bank Of Canada upped their price objective on shares of First Advantage from $21.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, August 7th. Needham & Company LLC upgraded shares of First Advantage from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Thursday, August 6th. Stifel Nicolaus set a $18.00 target price on shares of First Advantage in a research report on Friday, May 8th. Zacks Research upgraded shares of First Advantage from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Finally, Barclays raised their price target on shares of First Advantage from $20.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, First Advantage presently has an average rating of “Moderate Buy” and an average price target of $23.33.

Insider Buying and Selling

In other First Advantage news, Director James Lindsey Clark sold 4,921 shares of First Advantage stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $15.69, for a total transaction of $77,210.49. Following the completion of the sale, the director directly owned 56,844 shares in the company, valued at approximately $891,882.36. The trade was a 7.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.40% of the company’s stock.

First Advantage Trading Up 0.5%

Shares of NYSE:FA opened at $21.04 on Friday. First Advantage Co. has a 52-week low of $8.82 and a 52-week high of $25.15. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 701.33 and a beta of 1.16. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. The business has a 50-day moving average price of $20.36 and a 200-day moving average price of $15.49.

First Advantage (NYSE:FA) last released its earnings results on Thursday, August 6th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.06. First Advantage had a return on equity of 13.16% and a net margin of 0.65%.First Advantage’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.27 earnings per share. 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 EPS for the current 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.