Van Berkom & Associates Inc. Sells 3,362 Shares of First Advantage Co. (NYSE:FA)

Van Berkom & Associates Inc. lessened its holdings in First Advantage Co. (NYSE:FA) by 3.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 105,267 shares of the company’s stock after selling 3,362 shares during the quarter. Van Berkom & Associates Inc.’s holdings in First Advantage were worth $1,972,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. grew its holdings 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 acquiring an additional 3,249 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in First Advantage by 27.1% in the third 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 in the last quarter. Rhumbline Advisers lifted its position in First Advantage by 6.9% during the fourth quarter. Rhumbline Advisers now owns 78,696 shares of the company’s stock valued at $1,474,000 after acquiring an additional 5,104 shares during the last quarter. Truist Financial Corp lifted its holdings in shares of First Advantage by 37.4% during the 4th quarter. Truist Financial Corp now owns 19,095 shares of the company’s stock valued at $358,000 after purchasing an additional 5,197 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in First Advantage by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 418,580 shares of the company’s stock valued at $8,309,000 after buying an additional 5,361 shares during the last quarter. 94.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

First Advantage Stock Performance

NYSE FA opened at $18.74 on Friday. First Advantage Co. has a twelve month low of $14.01 and a twelve month high of $20.79. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 624.67 and a beta of 1.17. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average of $18.73 and a 200 day moving average of $18.82.

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.