First Advantage Corporation
At today's price, First Advantage Corporation (FA) is priced for +21.4% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
At $16.08 First Advantage trades at about 38x company-wide operating income, implying roughly 17.2% operating growth a year for five years; this is a forward bet that the now-completed Sterling Check integration converts into durable margin expansion, not a value name. The 2025 revenue base jumped 83% to $1.57 billion via Sterling, operating cash flow was $195.1 million, and 2026 guidance targets adjusted EBITDA of $460 to $485 million (margin near 28%) with a $100 million buyback and $25 milli
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157 institutional managers reported holding FA in 13F filings for the quarter ended 2026-03-31. 36 opened new positions that quarter. Held by T. Rowe Price, Capital Group (American Funds), FMR (Fidelity), among others. On the short side, 13.1M shares were sold short as of the 2026-06-15 count, about 8% of shares outstanding (6.1 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
FA's share count grew 32.2% over the past five years even with $139.70M spent on repurchases. It pays no dividend. Cash returned over the past three years: $26.83M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at FA over the trailing three years: 2025: 1 buy totaling $14k; 2026: 1 buy totaling $107k. 11 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
FA's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-10 | +6.4% | -8.1% |
| 2023-11-10 | +2.2% | +16.7% |
| 2024-03-01 | -6.1% | +6.3% |
| 2024-05-10 | -1.5% | -0.4% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
FA's latest 8-K filings: 2026-06-08 (items 5.07); 2026-05-07 (items 2.02, 9.01); 2026-02-26 (items 2.02, 9.01); 2026-01-30 (items 5.02); 2025-11-06 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.