TimesSquare Capital Management LLC Increases Stake in First Advantage Co. (NYSE:FA)

TimesSquare Capital Management LLC grew its position in First Advantage Co. (NYSE:FA) by 9.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 owned about 0.06% of First Advantage worth $1,844,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. grew its holdings in shares of First Advantage by 9.0% in the third 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. Oppenheimer Asset Management Inc. grew its holdings 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 acquiring an additional 3,561 shares in the last quarter. Rhumbline Advisers grew its holdings in First Advantage by 6.9% during the 4th quarter. Rhumbline Advisers now owns 78,696 shares of the company’s stock worth $1,474,000 after acquiring an additional 5,104 shares in the last quarter. Truist Financial Corp grew its holdings in First Advantage by 37.4% during the 4th quarter. Truist Financial Corp now owns 19,095 shares of the company’s stock worth $358,000 after acquiring an additional 5,197 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in First Advantage by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 418,580 shares of the company’s stock worth $8,309,000 after acquiring an additional 5,361 shares in the last quarter. Hedge funds and other institutional investors own 94.91% of the company’s stock.

Analyst Upgrades and Downgrades

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

First Advantage Stock Performance

FA opened at $18.91 on Thursday. First Advantage Co. has a 12-month low of $14.01 and a 12-month high of $20.79. 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 firm has a market capitalization of $3.26 billion, a PE ratio of 630.33 and a beta of 1.17. The firm has a 50 day moving average of $18.74 and a two-hundred 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.