The Vanguard Group, Inc. has recently announced that it has increased stake in First Advantage Corporation (NASDAQ:FA) by 4.80%. After grabbing 5.18 million shares, the institutional investor is now in possession of 0.24 million shares of the Industrials Company. The new investment brought the stake of investor firm to 3.38% having worth around $72.72 million. Moreover, JPMorgan Investment Management, I increased its share by 0.77 million to have a control over 4.96 million shares. And BAMCO, Inc. raised its holdings to 0.2 million shares by acquiring 4.0 million shares or 2.61% of the stake.
First Advantage Corporation (FA) concluded trading on 11/23/22 at a closing price of $12.93, with 0.49 million shares of worth about $6.38 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -11.13% during that period and on Wednesday the price saw a gain of about 2.62%. Currently the company’s common shares owned by public are about 150.93M shares, out of which, 146.64M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 8 analysts are covering the FA stock and their offered price forecasts bring an average price target of $14.79. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $17.00 and could fall to a lowest price of $13.00. The stock’s current price level is 16.26% above of average price target set by the analysts, while a rise to estimated low would result in gain of 0.54% for the stock. However, touching the estimated high of $17.00 would mean a gain of 23.94% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 8 times over the past 12 months. They bought 60,090 shares in 6 of the transactions. In 2 selling transactions, insiders dumped 2,436 shares.
American Funds Small Cap World Fu, Baron Small Cap Fund, and JPMorgan Small Cap Equity Fund are the top 3 mutual funds which are holding stakes in First Advantage Corporation American Funds Small Cap World Fu is currently holding 5.18 million shares of worth totaling $72.74 million. The company recently came buying 2.67 million shares which brought its stake up to 3.38% of the company’s outstanding shares. JPMorgan Small Cap Equity Fund, after buying 3.09 million shares, have now control over 2.02% of the stake in the company. It holds 0.0 shares of worth $43.4 million.
First Advantage Corporation (NASDAQ: FA) started trading at $12.50, below -$0.1 from concluding price of the previous day. However, the stock later moved at a day high price of 13.06, or with a gain of 2.62%. Stock saw a price change of 3.36% in past 5 days and over the past one month there was a price change of -5.00%. Year-to-date (YTD), FA shares are showing a performance of -32.09% which decreased to -29.34% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.07 but also hit the highest price of $21.01 during that period. The average intraday trading volume for First Advantage Corporation shares is 548.23K. The stock is currently trading 2.28% above its 20-day simple moving average (SMA20), while that difference is down -1.50% for SMA50 and it goes to -13.41% lower than SMA200.
The Vanguard Group, Inc. acquired 5.18 million shares of First Advantage Corporation having value of about $72.72 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.24 million shares in the company valued at close to $3065961.6, or have control over 4.80% stake in the company. First Advantage Corporation (NASDAQ: FA) currently have 150.93M outstanding shares and institutions hold larger chunk of about 95.80% of that. Holding of mutual funds in the company is about 25.69% while other institutional holders and individual stake holders have control over 62.12% and 10.01% of the stake respectively.
The stock has a current market capitalization of $1.95B. PE ratio of stock for trailing 12 months is 32.90, while it has posted earnings per share of $0.39 in the same period. Its PEG reads 5.18 and has Quick Ratio of 5.60 while making debt-to-equity ratio of 0.48. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FA, volatility over the week remained 4.59% while standing at 6.59% over the month.
Analysts are in expectations that First Advantage Corporation (FA) stock would likely to be making an EPS of $0.28 in the current quarter, while forecast for next quarter EPS is $0.3 and it is $1.09 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.26 which is $0.29 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.28 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 120.20% while it is estimated to increase by 1.86% in next year. EPS is likely to grow at an annualized rate of 6.35% for next 5-years, compared to annual growth of -37.00% made by the stock over the past 5-years.
Analysts at 8 brokerage firms have issued recommendations for the First Advantage Corporation (FA)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 8 Wall Street analysts, 5 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on November 11, 2022 offering an Equal weight rating for the stock and assigned a target price range of between $20 and $14 to it. Coverage by Jefferies stated First Advantage Corporation (FA) stock as a Hold in their note to investors on October 25, 2022, suggesting a price target of $13 for the stock. On September 21, 2022, Needham Initiated their recommendations, while on March 11, 2022, BofA Securities Resumed their ratings for the stock with a price target of $19.