First Advantage Co. (NYSE:FA) Shares Purchased by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC boosted its stake in First Advantage Co. (NYSE:FA) by 9.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 98,460 shares of the company’s stock after acquiring an additional 8,630 shares during the quarter. TimesSquare Capital Management LLC’s holdings in First Advantage were worth $1,844,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in FA. Allspring Global Investments Holdings LLC acquired a new stake in First Advantage during the 3rd quarter worth $676,000. Emerald Advisers LLC boosted its stake in First Advantage by 2.1% during the 3rd quarter. Emerald Advisers LLC now owns 1,183,050 shares of the company’s stock worth $23,484,000 after purchasing an additional 24,217 shares during the last quarter. BloombergSen Inc. acquired a new stake in First Advantage during the 3rd quarter worth $423,000. Victory Capital Management Inc. boosted its stake in First Advantage by 9.0% during the 3rd quarter. Victory Capital Management Inc. now owns 39,510 shares of the company’s stock worth $784,000 after purchasing an additional 3,249 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in First Advantage by 27.1% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 16,688 shares of the company’s stock worth $331,000 after purchasing an additional 3,561 shares during the last quarter. Institutional investors and hedge funds own 94.91% of the company’s stock.

Analyst Ratings Changes

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

First Advantage Stock Down 3.4 %

Shares of FA opened at $18.91 on Thursday. The firm has a market cap of $3.26 billion, a P/E ratio of 630.33 and a beta of 1.17. First Advantage Co. has a 12-month low of $14.01 and a 12-month high of $20.79. The company’s 50-day moving average price is $18.74 and its 200 day moving average price is $18.82. 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 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.