Nisa Investment Advisors LLC Sells 1,002 Shares of First Advantage Co. (NYSE:FA)

Nisa Investment Advisors LLC cut its position in shares of First Advantage Co. (NYSE:FA) by 5.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,453 shares of the company’s stock after selling 1,002 shares during the period. Nisa Investment Advisors LLC’s holdings in First Advantage were worth $327,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Sei Investments Co. grew its position in First Advantage by 27.5% in the 2nd quarter. Sei Investments Co. now owns 126,159 shares of the company’s stock valued at $2,027,000 after acquiring an additional 27,237 shares during the last quarter. Marshall Wace LLP purchased a new position in First Advantage in the 2nd quarter worth about $209,000. Quarry LP increased its stake in First Advantage by 49.7% in the 2nd quarter. Quarry LP now owns 2,607 shares of the company’s stock worth $42,000 after buying an additional 865 shares during the period. Truist Financial Corp bought a new stake in First Advantage during the 2nd quarter valued at about $234,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in First Advantage in the 3rd quarter valued at about $676,000. 94.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FA has been the subject of several research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 price target on shares of First Advantage in a research note on Thursday, January 23rd. BMO Capital Markets initiated coverage on First Advantage in a research report on Wednesday, December 11th. They set an “outperform” rating and a $20.00 target price for the company. William Blair reaffirmed an “outperform” rating on shares of First Advantage in a research note on Wednesday, December 11th. Needham & Company LLC reissued a “hold” rating on shares of First Advantage in a research report on Wednesday, November 13th. Finally, Barclays restated an “overweight” rating and issued a $22.00 price target on shares of First Advantage in a report on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $53.29.

First Advantage Stock Down 1.0 %

Shares of First Advantage stock opened at $18.64 on Thursday. 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 company has a market cap of $3.22 billion, a P/E ratio of 621.33 and a beta of 1.17. The firm’s 50 day moving average price is $18.81 and its 200-day moving average price is $18.55. First Advantage Co. has a 52-week low of $14.01 and a 52-week high of $20.79.

First Advantage (NYSE:FA) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. The business had revenue of $199.10 million for the quarter, compared to analyst estimates of $204.39 million. During the same period in the previous year, the company earned $0.25 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. On average, sell-side analysts predict that First Advantage Co. will post 0.74 EPS for the current fiscal year.

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.