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ATLANTA—Steven Marks, the Chief Financial Officer of First Advantage Corp (NASDAQ:FA), recently purchased 1,000 shares of the company’s common stock. The transaction took place on March 7, 2025, at a price of $13.50 per share, amounting to a total investment of $13,500. The purchase comes as the stock trades near its 52-week low of $12.90, having declined over 30% in the past six months.
Following this acquisition, Marks now holds a total of 20,189 shares in the company. This purchase reflects his direct ownership in the firm, which is headquartered in Atlanta, Georgia.
Investors often keep a close watch on insider transactions like these, as they can provide insights into the executive’s confidence in the company’s future performance.
In other recent news, First Advantage Corporation disclosed its fourth-quarter earnings, revealing a revenue of $307.1 million, which surpassed estimates of $305.59 million, marking a 51.6% year-over-year increase. However, the company’s adjusted earnings per share of $0.18 fell short of the analyst consensus of $0.23. For fiscal year 2025, First Advantage forecasts adjusted earnings per share between $0.86 and $1.03, below the $0.98 consensus, with projected revenue ranging from $1.5 billion to $1.6 billion, which also misses the $1.57 billion analysts expected. In terms of mergers, the company has increased its synergy target range to $60 million to $70 million following the acquisition of Sterling, aiming to enhance cost savings and operational efficiencies.
Analysts have adjusted their outlooks in light of these developments. Jefferies revised its price target for First Advantage to $13 while maintaining a Hold rating, reflecting mixed financial outcomes. BMO Capital Markets lowered its price target to $22 but retained an Outperform rating, noting the company’s optimistic early 2025 performance despite hiring challenges. Stifel also reduced its price target to $20, maintaining a Buy rating, and highlighted potential long-term value driven by sales effectiveness and integration initiatives. These recent developments underscore the challenges and strategic adjustments First Advantage is navigating as it aims to stabilize and improve its financial position.
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