Joseph K. Jaeger Sells 7,331 Shares of First Advantage Co. (NYSE:FA) Stock

First Advantage Co. (NYSE:FAGet Free Report) insider Joseph K. Jaeger sold 7,331 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $16.08, for a total transaction of $117,882.48. Following the completion of the transaction, the insider now directly owns 688,967 shares of the company’s stock, valued at $11,078,589.36. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

First Advantage Stock Performance

Shares of NYSE FA traded up $0.23 during trading on Wednesday, reaching $16.35. The stock had a trading volume of 326,886 shares, compared to its average volume of 444,822. The company has a debt-to-equity ratio of 0.62, a quick ratio of 4.29 and a current ratio of 4.29. The stock has a market cap of $2.37 billion, a PE ratio of 17.66, a P/E/G ratio of 2.19 and a beta of 1.18. First Advantage Co. has a one year low of $12.46 and a one year high of $17.49. The firm’s 50 day moving average price is $15.91 and its two-hundred day moving average price is $15.82.

First Advantage (NYSE:FAGet Free Report) last released its earnings results on Thursday, May 9th. The company reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. First Advantage had a net margin of 4.28% and a return on equity of 14.12%. The firm had revenue of $169.40 million during the quarter, compared to analyst estimates of $167.91 million. During the same quarter in the previous year, the firm earned $0.19 earnings per share. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. On average, research analysts forecast that First Advantage Co. will post 0.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FA has been the subject of a number of analyst reports. William Blair began coverage on First Advantage in a report on Tuesday, April 23rd. They issued an “outperform” rating for the company. Evercore ISI increased their target price on First Advantage from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Stifel Nicolaus lifted their price target on shares of First Advantage from $16.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of First Advantage in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $18.00.

Get Our Latest Stock Analysis on FA

Institutional Investors Weigh In On First Advantage

Several institutional investors and hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. grew its position in First Advantage by 6.3% in the 1st quarter. Principal Financial Group Inc. now owns 24,336 shares of the company’s stock worth $395,000 after purchasing an additional 1,447 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in First Advantage by 16.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,478 shares of the company’s stock valued at $252,000 after acquiring an additional 2,163 shares in the last quarter. Dark Forest Capital Management LP grew its stake in shares of First Advantage by 14.6% in the third quarter. Dark Forest Capital Management LP now owns 17,343 shares of the company’s stock worth $239,000 after purchasing an additional 2,211 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of First Advantage by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 270,122 shares of the company’s stock valued at $3,725,000 after purchasing an additional 2,735 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of First Advantage during the third quarter valued at about $60,000. Institutional investors and hedge funds own 94.91% of the company’s stock.

First Advantage Company Profile

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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.

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