Oppenheimer Asset Management Inc. Acquires 3,561 Shares of First Advantage Co. (NYSE:FA)

Oppenheimer Asset Management Inc. raised its holdings in shares of First Advantage Co. (NYSE:FA) by 27.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,688 shares of the company’s stock after buying an additional 3,561 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in First Advantage were worth $331,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Capital Research Global Investors increased its stake in First Advantage by 9.4% during the first quarter. Capital Research Global Investors now owns 5,777,481 shares of the company’s stock valued at $93,711,000 after acquiring an additional 496,898 shares during the period. Dimensional Fund Advisors LP boosted its stake in First Advantage by 8.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,131,188 shares of the company’s stock worth $50,314,000 after buying an additional 254,219 shares in the last quarter. Boston Partners raised its stake in shares of First Advantage by 155.3% in the 1st quarter. Boston Partners now owns 1,713,935 shares of the company’s stock valued at $27,841,000 after buying an additional 1,042,473 shares in the last quarter. Emerald Advisers LLC lifted its holdings in shares of First Advantage by 2.1% during the 3rd quarter. Emerald Advisers LLC now owns 1,183,050 shares of the company’s stock worth $23,484,000 after acquiring an additional 24,217 shares during the period. Finally, Fred Alger Management LLC bought a new stake in First Advantage in the second quarter valued at about $12,906,000. 94.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FA has been the topic of a number of recent research reports. William Blair reaffirmed an “outperform” rating on shares of First Advantage in a report on Wednesday, November 13th. Barclays restated an “overweight” rating and issued a $22.00 target price on shares of First Advantage in a research note on Wednesday. Citigroup boosted their price target on shares of First Advantage from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Needham & Company LLC reaffirmed a “hold” rating on shares of First Advantage in a report on Wednesday, November 13th. Finally, Royal Bank of Canada started coverage on First Advantage in a research report on Friday, November 15th. They set an “outperform” rating and a $22.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, First Advantage currently has an average rating of “Moderate Buy” and an average price target of $58.83.

First Advantage Stock Up 3.6 %

NYSE:FA opened at $18.25 on Thursday. The stock’s fifty day moving average price is $19.00 and its two-hundred day moving average price is $17.65. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 608.33 and a beta of 1.18. First Advantage Co. has a 52-week low of $13.88 and a 52-week high of $20.79. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85.

First Advantage (NYSE:FA) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.25 by $0.01. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. The company had revenue of $199.10 million during the quarter, compared to analysts’ expectations of $204.39 million. During the same quarter in the previous year, the company earned $0.25 EPS. First Advantage’s revenue was down .6% on a year-over-year basis. On average, analysts anticipate that First Advantage Co. will post 0.82 EPS for the current year.

First Advantage 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.