Jennison Associates LLC acquired a new stake in First Advantage Co. (NYSE:FA - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 333,887 shares of the company's stock, valued at approximately $6,628,000. Jennison Associates LLC owned 0.23% of First Advantage as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. LMR Partners LLP grew its stake in First Advantage by 104.3% in the 3rd quarter. LMR Partners LLP now owns 26,246 shares of the company's stock valued at $521,000 after buying an additional 13,400 shares in the last quarter. Natixis Advisors LLC purchased a new position in shares of First Advantage in the third quarter valued at $298,000. Oppenheimer Asset Management Inc. raised its stake in shares of First Advantage by 27.1% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 16,688 shares of the company's stock valued at $331,000 after purchasing an additional 3,561 shares during the period. Victory Capital Management Inc. lifted its holdings in First Advantage by 9.0% during the 3rd 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 in the last quarter. Finally, TimesSquare Capital Management LLC boosted its stake in First Advantage by 6.8% in the 3rd quarter. TimesSquare Capital Management LLC now owns 89,830 shares of the company's stock worth $1,783,000 after purchasing an additional 5,730 shares during the period. 94.91% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on FA shares. Citigroup upped their price target on First Advantage from $19.00 to $21.00 and gave the company a "neutral" rating in a research report on Wednesday, September 25th. Royal Bank of Canada began coverage on shares of First Advantage in a research note on Friday, November 15th. They issued an "outperform" rating and a $22.00 target price on the stock. Wolfe Research lowered shares of First Advantage from an "outperform" rating to a "peer perform" rating in a research report on Thursday, October 10th. William Blair reaffirmed an "outperform" rating on shares of First Advantage in a report on Wednesday, November 13th. Finally, Needham & Company LLC reissued a "hold" rating on shares of First Advantage in a research note on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $58.83.

Read Our Latest Stock Analysis on FA

NYSE FA opened at $19.10 on Friday. The company has a market capitalization of $3.30 billion, a P/E ratio of 636.67 and a beta of 1.18. 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 Co. has a 52-week low of $13.88 and a 52-week high of $20.79. The company has a fifty day moving average of $18.98 and a 200-day moving average of $17.67.

First Advantage (NYSE:FA - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.01. The firm had revenue of $199.10 million during the quarter, compared to analysts' expectations of $204.39 million. First Advantage had a return on equity of 13.16% and a net margin of 0.65%. The company's revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 EPS. As a group, equities research analysts predict that First Advantage Co. will post 0.82 EPS for the current fiscal year.

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.

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