The Manufacturers Life Insurance Company Takes Position in First Advantage Co. $FA

The Manufacturers Life Insurance Company purchased a new stake in First Advantage Co. (NYSE:FA) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 30,180 shares of the company’s stock, valued at approximately $545,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in First Advantage in the 2nd quarter worth about $217,748,000. Alliancebernstein L.P. raised its holdings in shares of First Advantage by 724.5% during the second quarter. Alliancebernstein L.P. now owns 5,256,511 shares of the company’s stock valued at $87,311,000 after acquiring an additional 4,618,946 shares during the last quarter. Capital World Investors lifted its position in shares of First Advantage by 9.4% in the fourth quarter. Capital World Investors now owns 9,098,714 shares of the company’s stock valued at $132,204,000 after acquiring an additional 780,200 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of First Advantage by 4.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,954,320 shares of the company’s stock valued at $202,757,000 after acquiring an additional 572,580 shares in the last quarter. Finally, Estuary Capital Management LP acquired a new stake in shares of First Advantage in the first quarter worth approximately $6,558,000. Hedge funds and other institutional investors own 94.91% of the company’s stock.

First Advantage Price Performance

Shares of FA stock opened at $21.38 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick ratio of 3.85. The company has a market capitalization of $3.67 billion, a PE ratio of 712.67 and a beta of 1.15. The firm’s 50-day moving average is $20.76 and its two-hundred day moving average is $15.89. First Advantage Co. has a 12 month low of $8.82 and a 12 month high of $25.15.

First Advantage (NYSE:FA) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.06. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. The business’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.27 earnings per share. First Advantage has set its FY 2026 guidance at 1.23-1.290 EPS. Analysts predict that First Advantage Co. will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on FA shares. Citigroup boosted their price target on First Advantage from $18.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, August 17th. Zacks Research upgraded First Advantage from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. Needham & Company LLC raised shares of First Advantage from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Thursday, August 6th. Barclays upped their target price on shares of First Advantage from $20.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Finally, Royal Bank Of Canada raised their price target on shares of First Advantage from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $23.33.

About First Advantage

First Advantage is a global provider of background screening, identity verification and workforce risk management solutions. The company delivers a comprehensive suite of services that help employers verify candidate credentials, manage regulatory compliance and mitigate risk throughout the employee lifecycle. Its platform is built to integrate with leading human capital management and applicant tracking systems, enabling a seamless and scalable experience for organizations of all sizes.

The company’s core offerings include pre-employment and continuous background screening, digital identity verification, drug and health testing, and ongoing employee monitoring.