First Advantage
About: First Advantage Corp is a provider of employment background screening and verification solutions. The company delivers services and insights that help its customers manage risk and hire talent. The Company has two reportable segments, Americas and International. The Americas segment provides technology solutions for screening, verifications, safety, and compliance in the United States, Canada, and Latin America markets. and the International segment provides technology solutions for screening, verifications, safety, and compliance outside of the Americas. The company derives its maximum revenue from America.
Employees: 5,000
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
59% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 17
24% more capital invested
Capital invested by funds: $2.48B [Q2] → $3.07B (+$586M) [Q3]
22% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 36
7% more funds holding
Funds holding: 118 [Q2] → 126 (+8) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]
0.07% less ownership
Funds ownership: 106.27% [Q2] → 106.2% (-0.07%) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$22
18%
upside
Avg. target
$22
18%
upside
High target
$22
18%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Barclays Manav Patnaik 51% 1-year accuracy 21 / 41 met price target | 18%upside $22 | Overweight Reinstated | 20 Nov 2024 |
RBC Capital Ashish Sabadra 69% 1-year accuracy 40 / 58 met price target | 18%upside $22 | Outperform Reiterated | 15 Nov 2024 |
Financial journalist opinion
Negative
Seeking Alpha
1 month ago
First Advantage: Larger Scale Doesn't Mean Much If Growth Is Poor
Maintain a hold rating on First Advantage due to ongoing macroeconomic uncertainties and increased leverage post-merger with STER. Despite the larger scale of the merger, the growth outlook remains unchanged, with continued poor base revenue and hiring demand. The combined entity's balance sheet is now highly leveraged, raising concerns about liquidity if the negative macro backdrop persists.
Positive
Seeking Alpha
2 months ago
First Advantage: Sterling Acquisition Leads To Leveraged Balance Sheet, Poor Returns
First Advantage Corporation's acquisition of Sterling Check led to a leveraged balance sheet and overvalued shares, impacting capital returns negatively. The company aims to integrate Sterling, achieve cost synergies, and focus on deleveraging to improve financial stability and future growth prospects. Despite strong industry positioning, high leverage and limited capital returns make First Advantage less attractive for long-term investors.
Neutral
Seeking Alpha
2 months ago
First Advantage Corporation (FA) Q3 2024 Earnings Call Transcript
First Advantage Corporation (NASDAQ:FA ) Q3 2024 Earnings Conference Call November 12, 2024 8:30 AM ET Company Participants Stephanie Gorman - Vice President of Investor Relations Scott Staples - Chief Executive Officer David Gamsey - Outgoing Chief Financial Officer Steven Marks - Chief Financial Officer Conference Call Participants Shlomo Rosenbaum - Stifel Andrew Steinerman - JPMorgan Andrew Nicholas - William Blair Manav Patnaik - Barclays Scott Wurtzel - Wolfe Research Operator Good day, everyone. My name is Ashley and I will be your conference operator today.
Positive
Zacks Investment Research
2 months ago
First Advantage (FA) Beats Q3 Earnings Estimates
First Advantage (FA) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.28 per share a year ago.
Neutral
GlobeNewsWire
2 months ago
First Advantage Reports Third Quarter 2024 Results
Completed Acquisition of Sterling on October 31; Maintains Standalone Full-Year 2024 Guidance and Issues Combined Company Guidance including Sterling Completed Acquisition of Sterling on October 31; Maintains Standalone Full-Year 2024 Guidance and Issues Combined Company Guidance including Sterling
Positive
Zacks Investment Research
2 months ago
Strength Seen in First Advantage (FA): Can Its 6.7% Jump Turn into More Strength?
First Advantage (FA) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Neutral
GlobeNewsWire
2 months ago
First Advantage to Participate in Upcoming Investor Conferences
ATLANTA, Nov. 07, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ: FA), a leading global provider of employment background screening, identity, and verification solutions, today announced the Company's management team will host investor meetings and speak at the following investor conferences in November:
Neutral
GlobeNewsWire
2 months ago
First Advantage Completes Acquisition of Sterling Check for $2.2 Billion
ATLANTA, Oct. 31, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA), a leading global provider of employment background screening, identity, and verification solutions, today announced that it has completed its acquisition of Sterling Check Corp. (the “transaction”). Valued at $2.2 billion, including the assumption of Sterling's outstanding debt, the acquisition combines industry leading platforms and innovative solutions to deliver an enhanced customer experience while expanding and diversifying First Advantage's vertical and geographic exposure, creating a more well-balanced portfolio.
Neutral
GlobeNewsWire
2 months ago
First Advantage to Release Third Quarter 2024 Financial Results and Hold Investor Conference Call on November 12, 2024
ATLANTA, Oct. 22, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ: FA), a leading provider of employment background screening, identity, and verification solutions, will issue its third quarter 2024 financial results on Tuesday, November 12, 2024 prior to the Company's earnings conference call, which will be held at 8:30 a.m. ET on the same day.
Neutral
GlobeNewsWire
3 months ago
First Advantage and Sterling Announce Election Deadline for Sterling Stockholders to Elect Merger Consideration
ATLANTA and INDEPENDENCE, Ohio, Oct. 21, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA) and Sterling Check Corp. (NASDAQ:STER) today announced that the deadline for (i) record holders of vested shares of Sterling common stock and (ii) eligible holders of Sterling common stock equivalents (Sterling common stock equivalents is defined as “Company Common Stock Equivalents” in the Merger Agreement (as defined below)) and unvested shares of Sterling common stock to elect the form of merger consideration they wish to receive in connection with First Advantage's acquisition of Sterling (the "Transaction") is 5:00 p.m. Eastern Time on October 24, 2024 (such deadline, as it may be extended, the "Election Deadline"), pursuant to the Agreement and Plan of Merger (the “Merger Agreement”), dated as of February 28, 2024, by and among First Advantage, Sterling, and Starter Merger Sub, Inc., a Delaware corporation and an indirect, wholly-owned subsidiary of First Advantage. Sterling stockholders who hold shares through a bank, broker or other nominee may be subject to an earlier election deadline and should carefully review any materials they received from their bank, broker or other nominee. The parties expect to close the Transaction on October 31, 2024, subject to the receipt of regulatory clearances and approvals and the satisfaction or waiver of other customary closing conditions. If such clearances, approvals and conditions are not received or satisfied as expected, the parties may elect to extend the Election Deadline and the anticipated closing of the Transaction will be a later date.
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