First Advantage Corporation provides technology solutions for screening, verifications, safety, and compliance related to human capital worldwide. The company 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 screening products. It also post-onboarding solutions, including criminal records monitoring, healthcare sanctions, motor vehicle records, social media screening, and global sanctions and licenses; and fleet/vehicle compliance, hiring tax credits and incentives, resident/tenant screening, and investigative research. Its products and solutions are used by personnel in recruiting, human resources, risk, compliance, vendor management, safety, and/or security in global enterprises, mid-sized, and small companies. The company was formerly known as Fastball Intermediate, Inc. and changed its name to First Advantage Corporation in March 2021. First Advantage Corporation was founded in 2003 and is headquartered in Atlanta, Georgia.
IPO Year: 2021
Exchange: NASDAQ
Website: fadv.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/20/2024 | $22.00 | Overweight | Barclays |
| 11/15/2024 | $22.00 | Outperform | RBC Capital Mkts |
| 10/10/2024 | Outperform → Peer Perform | Wolfe Research | |
| 4/23/2024 | Outperform | William Blair | |
| 9/14/2023 | $17.00 | Outperform | Wolfe Research |
| 3/1/2023 | $14.00 → $15.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 1/17/2023 | $14.50 | Buy → Neutral | BofA Securities |
| 1/12/2023 | $20.00 → $15.50 | Buy → Neutral | Citigroup |
| 11/11/2022 | $20.00 → $14.00 | Overweight → Equal Weight | Barclays |
| 10/25/2022 | $19.00 → $13.00 | Buy → Hold | Jefferies |
SC 13G/A - FIRST ADVANTAGE CORP (0001210677) (Subject)
SC 13G - FIRST ADVANTAGE CORP (0001210677) (Subject)
Third Quarter 2024 Highlights1 Revenues of $199.1 millionNet Loss of $(8.9) million, a net loss margin of (4.4)%, includes $13.2 million of expenses incurred related to the acquisition of Sterling Check Corp. ("Sterling")Adjusted Net Income of $38.0 millionAdjusted EBITDA of $64.0 million; Adjusted EBITDA Margin of 32.2%GAAP Diluted Net Loss Per Share of $(0.06), includes $0.07 per share of expenses incurred related to the Sterling acquisitionAdjusted Diluted Earnings Per Share of $0.26Cash Flows from Operations of $43.5 million; Cash Flows from Operations would have been $45.3 million after adjusting for $1.8 million of cash costs directly associated with the Sterling acquisitionAnnounced
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: J.P. Morgan Ultimate Services Investor ConferenceDate: Thursday, November 14, 2024Location: New York CityWebcast: 8:50am ET RBC Capital Markets Global Technology, Internet, Media and Telecommunications ConferenceDate: Tuesday, November 19, 2024Location: New York CityWebcast: 1:20pm ET Live webcasts will be available on the First Advantage investor relations website at https
Strengthens First Advantage's global reachExtends First Advantage's high-quality and cost-effective background screening, identity, and verification technology solutions for the benefit of both companies' customers across industry verticals and geographiesEnables increased investment in Artificial Intelligence and next-generation Digital Identification technologies for enhanced customer and applicant experience 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"
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. Conference Call Details To participate in the conference call, please dial 800-445-7795 (domestic) or 785-424-1699 (international) approximately ten minutes before the 8:30 a.m. ET start. Please mention to the operator that you are dialing in for the First Advantage third quarter 2024 earnings call or provide the conference co
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
ATLANTA, Sept. 30, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA), a leading provider of employment background screening, identity and verification solutions, has announced the release of its 2023 Sustainability Report. The annual report provides transparency to stakeholders, including its customers, investors, partners, and global teams, regarding the Company's commitments to environmental, community, and governance initiatives. Taking a holistic approach to sustainability, First Advantage has centered its efforts on people and community, environment and climate, governance and accountability, and policy and process. Highlights covered in First Advantage's 2023 Sustai
ATLANTA, Sept. 11, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA), a leading provider of employment background screening, identity, and verification solutions, today announced the promotion of Joelle Smith to President, First Advantage, effective Sept. 16, 2024. Previously serving as President, Data, Technology, and Experience, Smith has been instrumental in driving First Advantage's technology vision and growth. In her new role, Smith will continue to strategically lead the product, data, and technology organizations, and will also assume responsibility for the Company's go-to-market teams, including sales, customer success, and marketing. "First Advantage is at the
Second Quarter 2024 Highlights1 Revenues of $184.5 millionNet Income of $1.9 million, a net income margin of 1.0%, includes $9.2 million of expenses incurred related to the acquisition of Sterling Check Corp. ("Sterling")Adjusted Net Income of $30.8 millionAdjusted EBITDA of $55.8 million; Adjusted EBITDA Margin of 30.2%GAAP Diluted Net Income Per Share of $0.01, includes $0.06 per share of expenses incurred related to the Sterling acquisitionAdjusted Diluted Earnings Per Share of $0.21Cash Flows from Operations of $32.0 million; Cash Flows from Operations would have been $40.7 million after adjusting for $8.7 million of cash costs paid directly related to the Sterling acquisitionChief Fina
ATLANTA, July 18, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA), a leading provider of employment background screening, identity, and verification solutions, will issue its second quarter 2024 financial results on Thursday, August 8, 2024 prior to the Company's earnings conference call, which will be held at 8:30 a.m. ET on the same day. Conference Call Details To participate in the conference call, please dial 800-343-4136 (domestic) or 203-518-9843 (international) approximately ten minutes before the 8:30 a.m. ET start. Please mention to the operator that you are dialing in for the First Advantage second quarter 2024 earnings call or provide the conference code FA2Q2
ATLANTA, May 20, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA), a leading 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 June: Stifel 2024 Cross Sector Insight ConferenceDate: Tuesday, June 4, 2024Location: Boston, MassachusettsWebcast: 9:45 AM ET William Blair 44th Annual Growth Stock ConferenceDate: Thursday, June 6, 2024Location: Chicago, IllinoisWebcast: 12:20 PM ET Live webcasts will be available on the First Advantage investor relations website at https://investors.fadv.com/news-events/events-presentatio
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8-K - FIRST ADVANTAGE CORP (0001210677) (Filer)
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8-K - FIRST ADVANTAGE CORP (0001210677) (Filer)
8-K - FIRST ADVANTAGE CORP (0001210677) (Filer)
8-K - FIRST ADVANTAGE CORP (0001210677) (Filer)
8-K - FIRST ADVANTAGE CORP (0001210677) (Filer)
8-K - FIRST ADVANTAGE CORP (0001210677) (Filer)
Barclays resumed coverage of First Advantage Corp. with a rating of Overweight and set a new price target of $22.00
RBC Capital Mkts resumed coverage of First Advantage Corp. with a rating of Outperform and set a new price target of $22.00
Wolfe Research downgraded First Advantage Corp. from Outperform to Peer Perform
William Blair initiated coverage of First Advantage Corp. with a rating of Outperform
Wolfe Research initiated coverage of First Advantage Corp. with a rating of Outperform and set a new price target of $17.00
RBC Capital Mkts downgraded First Advantage Corp. from Outperform to Sector Perform and set a new price target of $15.00 from $14.00 previously
BofA Securities downgraded First Advantage Corp. from Buy to Neutral and set a new price target of $14.50
Citigroup downgraded First Advantage Corp. from Buy to Neutral and set a new price target of $15.50 from $20.00 previously
Barclays downgraded First Advantage Corp. from Overweight to Equal Weight and set a new price target of $14.00 from $20.00 previously
Jefferies downgraded First Advantage Corp. from Buy to Hold and set a new price target of $13.00 from $19.00 previously
Truist Securities analyst Neal Dingmann maintains First Advantage (NASDAQ:FA) with a Buy and lowers the price target from $250 to $249.
Needham analyst Kyle Peterson reiterates First Advantage (NASDAQ:FA) with a Hold.
Reaffirming Standalone First Advantage Full-Year 2024 Guidance Reaffirming full-year 2024 guidance ranges for Revenues of $750 million to $800 million, Adjusted EBITDA of $228 million to $248 million, Adjusted Net Income of $127 million to $142 million, and Adjusted Diluted Earnings Per Share of $0.88 to $0.98²
First Advantage (NASDAQ:FA) reported quarterly earnings of $0.17 per share which met the analyst consensus estimate. This is a 10.53 percent decrease over earnings of $0.19 per share from the same period last year. The company reported quarterly sales of $169.416 million which missed the analyst consensus estimate of $169.982 million by 0.33 percent. This is a 3.48 percent decrease over sales of $175.520 million the same period last year.
William Blair analyst Andrew Nicholas initiates coverage on First Advantage (NASDAQ:FA) with a Outperform rating.
Evercore ISI Group analyst David Togut maintains First Advantage (NASDAQ:FA) with a Outperform and raises the price target from $17 to $18.
Stifel analyst Shlomo Rosenbaum maintains First Advantage (NASDAQ:FA) with a Buy and raises the price target from $16 to $21.
RightID leverages responsible generative AI and machine learning to help recognize potential errors in identity information submitted, or even potentially fraudulent or false identity information, when intaking new applicants in real-time.
First Advantage (NASDAQ:FA) has announced an acquisition of Sterling Check (NASDAQ:STER) that is expected to be completed in Q3 of 2024. Under the terms of the agreement, First Advantage has agreed to give Sterling Check $2.20 billion in cash & stock in exchange for STER stock. About The Companies Involved First Advantage Corp is a leading global provider of employment background screening and verification solutions. The company delivers innovative services and insights that help its customers manage risk and hire the best talent. Sterling Check Corp is a global provider of technology-enabled background and identity verification services. It offers a hiring and risk management solution that
Strengthens First Advantage's global reachExtends First Advantage's high-quality and cost-effective background screening, identity, and verification technology solutions for the benefit of both companies' customers across industry verticals and geographiesEnables increased investment in Artificial Intelligence and next-generation Digital Identification technologies for enhanced customer and applicant experience 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"
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. Conference Call Details To participate in the conference call, please dial 800-445-7795 (domestic) or 785-424-1699 (international) approximately ten minutes before the 8:30 a.m. ET start. Please mention to the operator that you are dialing in for the First Advantage third quarter 2024 earnings call or provide the conference co
ATLANTA, July 18, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA), a leading provider of employment background screening, identity, and verification solutions, will issue its second quarter 2024 financial results on Thursday, August 8, 2024 prior to the Company's earnings conference call, which will be held at 8:30 a.m. ET on the same day. Conference Call Details To participate in the conference call, please dial 800-343-4136 (domestic) or 203-518-9843 (international) approximately ten minutes before the 8:30 a.m. ET start. Please mention to the operator that you are dialing in for the First Advantage second quarter 2024 earnings call or provide the conference code FA2Q2
ATLANTA, April 18, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA), a leading provider of employment background screening, identity, and verification solutions, will issue its first quarter 2024 financial results on Thursday, May 9, 2024 prior to the Company's earnings conference call, which will be held at 8:30 a.m. ET on the same day. Conference Call Details To participate in the conference call, please dial 800-343-4136 (domestic) or 203-518-9843 (international) approximately ten minutes before the 8:30 a.m. ET start. Please mention to the operator that you are dialing in for the First Advantage first quarter 2024 earnings call or provide the conference code FA1Q2
Extends First Advantage's high-quality and cost-effective background screening, identity, and verification technology solutions for the benefit of both companies' customers across industry verticals and geographiesEnables increased investment in Artificial Intelligence and next-generation Digital Identification technologies for enhanced customer and applicant experienceDrives attractive total shareholder return outlook, including at least $50 million of synergies, implying expected double-digit Adjusted EPS accretion immediately on a run-rate synergy basis and accelerated earnings growth potential from topline development, synergies, and deleveraging ATLANTA and INDEPENDENCE, Ohio, Feb.
ATLANTA, Jan. 24, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA), a leading global provider of employment background screening and verification solutions, will issue its fourth quarter and full year 2023 financial results on Thursday, February 29, 2024 prior to the Company's earnings conference call, which will be held at 8:30 a.m. ET on the same day. Conference Call Details To participate in the conference call, please dial 800-267-6316 (domestic) or 203-518-9843 (international) approximately ten minutes before the 8:30 a.m. ET start. Please mention to the operator that you are dialing in for the First Advantage fourth quarter 2023 earnings call or provide the conferen
ATLANTA, Oct. 04, 2023 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA), a leading global provider of employment background screening and verification solutions, will issue its third quarter 2023 financial results on Thursday, November 9, 2023 prior to the Company's earnings conference call, which will be held at 8:30 a.m. ET on the same day. Conference Call Details To participate in the conference call, please dial 800-267-6316 (domestic) or 203-518-9783 (international) approximately ten minutes before the 8:30 a.m. ET start. Please mention to the operator that you are dialing in for the First Advantage third quarter 2023 earnings call or provide the conference code FA3Q23. T
ATLANTA, Sept. 15, 2023 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA), a leading global provider of employment background screening and verification solutions, today announced that its Board of Directors has approved a one-year extension of its share repurchase authorization, extending the existing $200 million authorization through December 31, 2024. "The extension of our share repurchase program reflects our confidence in the trajectory of our business as we continue to execute against our strategic priorities," said Scott Staples, First Advantage's Chief Executive Officer. "We continue to generate strong cash flow and maintain a healthy balance sheet. We remain committe
ATLANTA, Sept. 05, 2023 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA), a leading global provider of employment background screening and verification solutions, today announced the acquisition of Infinite ID, a U.S.-based digital identity authentication solutions company and portfolio company of Enlightenment Capital. The $41 million all-cash transaction was funded with cash from the balance sheet and expands First Advantage's network and portfolio of identity solutions in the United States. Infinite ID is profitable and is expected to generate annual revenues of over $10 million. "We are excited to add Infinite ID's advanced technology and solutions to the First Advantage po
ATLANTA, July 07, 2023 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA), a leading global provider of employment background screening and verification solutions, will issue its second quarter 2023 financial results on Wednesday, August 9, 2023 prior to the Company's earnings conference call, which will be held at 8:30 a.m. ET on the same day. Conference Call Details To participate in the conference call, please dial (800) 225-9448 (domestic) or (203) 518-9708 (international) approximately ten minutes before the 8:30 a.m. ET start. Please mention to the operator that you are dialing in for the First Advantage second quarter 2023 earnings call or provide the conference code FAQ2
HOUSTON, June 28, 2023 /PRNewswire/ -- Ontellus, one of the nation's largest records retrieval and claims intelligence companies, today announced the appointment of Manish Nariwal as Chief Operating Officer. In this role, Nariwal will oversee day-to-day business operations with a focus on continued growth, exceptional client services and product innovation. "Manish possesses deep expertise in the technologies that underpin our business and a track record of successfully running high-performing operations," said Vince Cole, CEO of Ontellus. "He is a valuable addition to our lea
ATLANTA, June 17, 2022 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA), a leading global provider of technology solutions for screening, verifications, safety, and compliance related to human capital, today announced the appointment of Bridgett Price to the Board of Directors as an independent director and member of the Audit Committee. With the addition of Dr. Price, the Company's Board of Directors now has eight members. "We are very pleased to welcome Bridgett as an independent director," said Joe Osnoss, Chairman of the Board. "Bridgett's impressive experience as a human resources leader across geographies and sectors provides her with valuable perspectives on how clie
Award-Winning Strategic Marketing Executive to Grow Brokerage's Brand NEW YORK and TORONTO, Nov. 8, 2021 /PRNewswire/ -- The Real Brokerage Inc. ("Real" or the "Company") (TSXV:REAX) (NASDAQ:REAX), an international, technology-powered real estate brokerage, today announced that Katharine Mobley will join its management team as Chief Marketing Officer. Mobley will be responsible for driving brand awareness, increasing agent visibility and leading investor relations. As a proven global brand builder and thought leader Mobley aims to expand Real's national and international footprint. Additionally, as Chief Marketing Officer, Mobley will be instrumental in other corporate initiatives such as
ATLANTA, Oct. 21, 2021 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA), a leading global provider of technology solutions for screening, verifications, safety and compliance related to human capital, today announced that Douglas Nairne has joined the organization as Chief Operations Officer – International, and Victor Sachs has joined as Senior Vice President, Customer Care – Americas. These newly created positions were established to drive First Advantage's efforts in delivering industry-leading customer experience across the Company's global footprint. Nairne brings more than 20 years of multinational operations experience to his new role, the majority of which were focused