First Advantage (FA)

• Market cap: $2.6B
• 1 day: -3.56%
• 5 days: -11.99%
• 1 month: -3.85%
• 3 months: -31.23%
• 6 months: -34.33%
• Year to date: -29.52%
• 1 year: -16.19%
• 5 years: -34.06%
• 10 years: -34.06%
• Sector: Industrials
• Industry: Specialty Business Services

About: First Advantage Corp is a provider of employment background screening and verification solutions. Its reportable segments are First Advantage Americas, First Advantage International, and Sterling. Maximum revenue is generated from the First Advantage Americas segment, which performs various background checks and compliance services across all phases of the workforce lifecycle, from pre-onboarding services to post-onboarding and ongoing monitoring services, covering employees, contractors, contingent workers, tenants, and drivers. The company delivers solutions across multiple industry verticals in the United States, Canada, and Latin America. Geographically, it derives key revenue from the United States.

Employees: 10,000

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

2,400% more call options, than puts

Call options by funds: $50K | Put options by funds: $2K

156% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 25

100% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 18

33% more funds holding in top 10

Funds holding in top 10: 3 [Q3] → 4 (+1) [Q4]

14% more funds holding

Funds holding: 126 [Q3] → 144 (+18) [Q4]

10% more capital invested

Capital invested by funds: $2.98B [Q3] → $3.29B (+$311M) [Q4]

1.47% less ownership

Funds ownership: 103.15% [Q3] → 101.67% (-1.47%) [Q4]

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $15 15% upside
• Avg. target: $19.67 51% upside
• High target: $22 69% upside

3 analyst ratings

• positive: 2 67%
• neutral: 1 33%
• negative: 0 0%

Barclays Manav Patnaik 50% 1-year accuracy 19 / 38 met price target	15% upside $15	Equal-Weight Downgraded	10 Apr 2025
BMO Capital Jeffrey Silber 36% 1-year accuracy 15 / 42 met price target	69% upside $22	Outperform Maintained	3 Mar 2025
RBC Capital Ashish Sabadra 43% 1-year accuracy 23 / 53 met price target	69% upside $22	Outperform Reiterated	23 Jan 2025