First Advantage (NYSE:FA) Releases Earnings Results, Beats Estimates By $0.02 EPS

First Advantage (NYSE:FA) issued its quarterly earnings data on Thursday. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.28 by $0.02, Briefing.com reports. First Advantage had a return on equity of 13.16% and a net margin of 0.65%.The firm’s quarterly revenue was up 105.5% on a year-over-year basis. During the same period last year, the company earned $0.26 earnings per share. First Advantage updated its FY 2025 guidance to 0.980-1.020 EPS.

First Advantage Price Performance

NYSE:FA traded down $0.49 during trading hours on Friday, reaching $13.31. 1,064,607 shares of the company were exchanged, compared to its average volume of 1,000,871. The stock’s 50-day moving average is $14.79 and its 200-day moving average is $16.17. First Advantage has a twelve month low of $12.25 and a twelve month high of $20.79. The firm has a market cap of $2.32 billion, a PE ratio of 443.67 and a beta of 1.19. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61.

Insiders Place Their Bets

In other First Advantage news, President Joelle M. Smith sold 9,900 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $15.70, for a total value of $155,430.00. Following the transaction, the president owned 42,727 shares in the company, valued at approximately $670,813.90. This trade represents a 18.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.90% of the company’s stock.

Institutional Trading of First Advantage

Several hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in First Advantage by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,567 shares of the company’s stock worth $501,000 after acquiring an additional 1,471 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of First Advantage by 5.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 44,279 shares of the company’s stock worth $735,000 after acquiring an additional 2,463 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of First Advantage by 105.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 7,166 shares of the company’s stock worth $119,000 after purchasing an additional 3,682 shares during the period. Quantbot Technologies LP purchased a new position in shares of First Advantage during the 2nd quarter worth approximately $81,000. Finally, Tower Research Capital LLC TRC increased its holdings in First Advantage by 503.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,932 shares of the company’s stock valued at $132,000 after purchasing an additional 6,617 shares during the last quarter. Hedge funds and other institutional investors own 94.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FA. Zacks Research downgraded First Advantage from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. JPMorgan Chase & Co. cut their target price on shares of First Advantage from $21.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Needham & Company LLC reiterated a “hold” rating on shares of First Advantage in a research report on Thursday, August 21st. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, First Advantage has a consensus rating of “Hold” and a consensus price target of $19.25.

First Advantage Company 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.