First Advantage Co. (NYSE:FA) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its stake in shares of First Advantage Co. (NYSE:FA) by 27.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,688 shares of the company’s stock after buying an additional 3,561 shares during the period. Oppenheimer Asset Management Inc.’s holdings in First Advantage were worth $331,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in FA. Boston Partners lifted its position in First Advantage by 155.3% during the first quarter. Boston Partners now owns 1,713,935 shares of the company’s stock valued at $27,841,000 after buying an additional 1,042,473 shares in the last quarter. Fred Alger Management LLC acquired a new stake in First Advantage in the second quarter valued at approximately $12,906,000. Capital Research Global Investors lifted its position in shares of First Advantage by 9.4% during the first quarter. Capital Research Global Investors now owns 5,777,481 shares of the company’s stock worth $93,711,000 after purchasing an additional 496,898 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of First Advantage by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,131,188 shares of the company’s stock valued at $50,314,000 after purchasing an additional 254,219 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in First Advantage in the 3rd quarter worth $676,000. Institutional investors and hedge funds own 94.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada started coverage on shares of First Advantage in a research note on Friday, November 15th. They set an “outperform” rating and a $22.00 price objective on the stock. William Blair reaffirmed an “outperform” rating on shares of First Advantage in a report on Wednesday, November 13th. Citigroup raised their target price on First Advantage from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Barclays reissued an “overweight” rating and issued a $22.00 price target on shares of First Advantage in a research note on Wednesday. Finally, Wolfe Research lowered shares of First Advantage from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, First Advantage currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.83.

First Advantage Stock Up 3.6 %

Shares of First Advantage stock opened at $18.25 on Thursday. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61. First Advantage Co. has a 1 year low of $13.88 and a 1 year high of $20.79. The stock has a 50-day moving average price of $19.00 and a 200 day moving average price of $17.65. The company has a market cap of $3.15 billion, a P/E ratio of 608.33 and a beta of 1.18.

First Advantage (NYSE:FA) last issued its earnings results on Tuesday, November 12th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The firm had revenue of $199.10 million for the quarter, compared to the consensus estimate of $204.39 million. First Advantage had a return on equity of 13.16% and a net margin of 0.65%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 earnings per share. As a group, analysts expect that First Advantage Co. will post 0.82 EPS for the current fiscal year.

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.