First Advantage Introduces Next-Gen RightID™ to Detect Job Applicant Fraud in Pre-Hire Process
- ATLANTA, March 11, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ: FA), a leading provider of employment background screening, identity, and verification solutions, today announced the availability of its next-gen RightID™ identity fraud solution for U.S. employers, building on the success seen in expanding its digital identity solutions internationally in countries such as the U.K., India, Australia, and Canada. Designed to flag inconsistencies in a job applicant's identity, 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.
- 03/11/2024
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First Advantage Corporation (FA) Q4 2023 Earnings Call Transcript
- First Advantage Corporation (FA) Q4 2023 Earnings Call Transcript
- 03/01/2024
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Why Sterling Check Is Soaring and First Advantage Stock Is Falling Today
- First Advantage and Sterling both reported revenue declines and earnings misses, but the news was overshadowed by their plans to merge. The combination would help both better deal with a slowdown in hiring, but there are likely to be antitrust concerns.
- 02/29/2024
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First Advantage to buy background screening firm Sterling Check in $2.2 bln deal
- Background screening services provider First Advantage will buy rival Sterling Check in a cash-and-stock deal valued at $2.2 billion, the company said on Thursday.
- 02/29/2024
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First Advantage Reports Full Year and Fourth Quarter 2023 Results
- Introduces Full Year 2024 Guidance Announces Agreement to Acquire Sterling Check Corp. Full Year 2023 Highlights1 Revenues of $763.8 million Net Income of $37.3 million; Adjusted Net Income of $145.8 million Adjusted EBITDA of $237.6 million GAAP Diluted Net Income Per Share of $0.26; Adjusted Diluted Earnings Per Share of $1.00 Cash Flows from Operations of $162.8 million Ended the year with Cash and Cash Equivalents of $213.8 million, after the $217.7 million one-time special dividend payment, $59.0 million in share repurchases, and the $41.0 million acquisition of Infinite ID Fourth Quarter 2023 Highlights1 Revenues of $202.6 million Net Income of $14.8 million; Adjusted Net Income of $42.6 million Adjusted EBITDA of $68.2 million GAAP Diluted Net Income Per Share of $0.10; Adjusted Diluted Earnings Per Share of $0.29 Cash Flows from Operations of $56.7 million Standalone First Advantage Full Year 2024 Guidance Introducing 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 Acquisition of Sterling Check Corp. Announced today a definitive purchase agreement to acquire Sterling Check Corp. (NASDAQ: STER) (“Sterling Check” or “Sterling”) in a cash and stock transaction valued at approximately $2.2 billion. The transaction is expected to drive attractive total shareholder returns, 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.
- 02/29/2024
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First Advantage to Acquire Sterling Check Corp. for $2.2 Billion in Cash and Stock
- ATLANTA and INDEPENDENCE, Ohio, Feb. 29, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA), a leading provider of employment background screening, identity, and verification solutions, announced today that it has entered into a definitive purchase agreement to acquire Sterling Check Corp. (NASDAQ:STER), a provider of background screening and identity services. First Advantage will issue a combination of cash and stock valuing Sterling at approximately $2.2 billion, including Sterling's outstanding debt.
- 02/29/2024
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First Advantage to Release Fourth Quarter and Full Year 2023 Financial Results and Hold Investor Conference Call on February 29, 2024
- 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.
- 01/24/2024
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SHRM President and CEO Johnny C. Taylor, Jr. Returns as Keynote Speaker for First Advantage's Annual Collaborate Conference
- ATLANTA, Jan. 09, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ: FA), a leading global provider of employment background screening and verification solutions, today announced that Johnny C. Taylor, Jr., President and CEO of the Society for Human Resource Management (SHRM), will return as the keynote speaker for its annual Collaborate conference.
- 01/09/2024
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First Advantage Corporation (FA) Q3 2023 Earnings Call Transcript
- First Advantage Corporation (NASDAQ:FA ) Q3 2023 Earnings Conference Call November 9, 2023 8:30 AM ET Company Participants Stephanie Gorman - Vice President of Investor Relations Scott Staples - Chief Executive Officer David Gamsey - Chief Financial Officer Conference Call Participants David Togut - Evercore ISI Ashish Sabadra - RBC Capital Markets Scott Wurtzel - Wolfe Research Shlomo Rosenbaum - Stifel Nicolaus Andrew Steinerman - J.P. Morgan Ronan Kennedy - Barclays Capital Stephanie Moore - Jefferies Kyle Peterson - Needham & Company Operator Good day, everyone.
- 11/10/2023
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First Advantage Reports Third Quarter 2023 Results
- Third Quarter 2023 Highlights 1 Generated Revenues of $200.4 million Delivered Net Income of $10.8 million; Adjusted Net Income was $40.0 million Produced Adjusted EBITDA of $64.8 million Realized GAAP Diluted Net Income Per Share of $0.07; Adjusted Diluted Earnings Per Share was $0.28 Achieved Cash Flows from Operations of $34.4 million On August 31, 2023, paid a one-time special dividend of $1.50 per share, which represented a greater than 10% return of capital to shareholders On September 1, 2023, acquired Infinite ID, a U.S.-based digital identity solutions company for $41 million, funded with cash from the balance sheet Board of Directors approved a one-year extension of the existing share repurchase program, extending it through December 2024 2023 Full-Year Guidance The Company reiterates its full-year 2023 guidance ranges, expecting results at the low end of these ranges. This reflects the current hiring environment and expectations that existing macroeconomic conditions and similar labor market trends will continue through the end of fiscal year 2023.
- 11/09/2023
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First Advantage to Participate in Upcoming Investor Conferences
- ATLANTA, Nov. 06, 2023 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ: FA), a leading global provider of employment background screening and verification solutions, today announced that the Company's management team will participate in the following investor conferences in November and December:
- 11/06/2023
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First Advantage to Release Third Quarter 2023 Financial Results and Hold Investor Conference Call on November 9, 2023
- 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.
- 10/04/2023
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First Advantage Expands Digital Identity Solutions by Acquiring Infinite ID
- 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.
- 09/05/2023
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First Advantage to Participate in Upcoming Investor Events
- ATLANTA, Aug. 30, 2023 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ: FA), a leading global provider of employment background screening and verification solutions, today announced that the Company's management team will participate in the following investor events in September:
- 08/30/2023
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First Advantage Corporation (FA) Q2 2023 Earnings Call Transcript
- First Advantage Corporation (NASDAQ:FA ) Q2 2023 Earnings Conference Call August 9, 2023 8:30 AM ET Company Participants Stephanie Gorman - Vice President of Investor Relations Scott Staples - Chief Executive Officer David Gamsey - Chief Financial Officer Conference Call Participants Shlomo Rosenbaum - Stifel David Togut - Evercore ISI David Paige - RBC Capital Markets Andrew Steinerman - JPMorgan Stephanie Moore - Jefferies Ronan Kennedy - Barclays Kyle Peterson - Needham Pete Christiansen - Citigroup Operator Good day, everyone. My name is Todd, and I will be your conference operator today.
- 08/13/2023
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First Advantage (FA) Q2 Earnings Match Estimates
- First Advantage (FA) came out with quarterly earnings of $0.24 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.25 per share a year ago.
- 08/09/2023
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First Advantage to Release Second Quarter 2023 Financial Results and Hold Investor Conference Call on August 9, 2023
- 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.
- 07/07/2023
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First Advantage Feels Effects Of Hiring Downturn
- First Advantage Corporation published its Q1 2023 financial results on May 10, 2023. The firm provides organizations with an array of employee screening software and related services. Some of the company's customer verticals are seeing negative hiring trends, reducing the company's revenue outlook.
- 06/07/2023
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First Advantage Corporation (FA) Q1 2023 Earnings Call Transcript
- First Advantage Corporation (NASDAQ:FA ) Q1 2023 Earnings Conference Call May 10, 2023 8:30 AM ET Company Participants Stephanie Gorman - VP, IR Scott Staples - CEO & Director David Gamsey - CFO & EVP Conference Call Participants David Togut - Evercore ISI Stephanie Moore - Jefferies Alex Hess - JPMorgan Chase & Co. Kyle Peterson - Needham & Company Heather Balsky - Bank of America Merrill Lynch Operator Good day, everyone. My name is Todd, and I will be your conference operator today.
- 05/13/2023
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First Advantage (FA) Tops Q1 Earnings and Revenue Estimates
- First Advantage (FA) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.22 per share a year ago.
- 05/10/2023
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First Advantage to Release First Quarter 2023 Financial Results and Hold Investor Conference Call on May 10, 2023
- ATLANTA, March 22, 2023 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ: FA), a leading global provider of employment background screening and verification solutions, will issue its first quarter 2023 financial results on Wednesday, May 10, 2023 prior to the Company's earnings conference call, which will be held at 8:30 a.m. EDT on the same day.
- 03/22/2023
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First Advantage (FA) Surpasses Q4 Earnings Estimates
- First Advantage (FA) delivered earnings and revenue surprises of 3.45% and 1.57%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
- 02/28/2023
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First Advantage to Release Fourth Quarter and Full Year 2022 Financial Results and Hold Investor Conference Call on February 28, 2023
- ATLANTA, Jan. 10, 2023 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ: FA), a leading global provider of HR technology solutions for screening, verifications, safety, and compliance, will issue its fourth quarter and full year 2022 financial results on Tuesday, February 28, 2023 prior to the Company's earnings conference call, which will be held at 8:30 a.m. EST on the same day.
- 01/10/2023
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First Advantage Corporation (FA) Q3 2022 Earnings Call Transcript
- First Advantage Corporation (NASDAQ:FA ) Q3 2022 Earnings Conference Call November 8, 2022 8:30 AM ET Company Participants Stephanie Gorman - Vice President, Investor Relations Scott Staples - Chief Executive Officer David Gamsey - Chief Financial Officer Conference Call Participants David Togut - Evercore ISI Andrew Steinerman - JPMorgan Manav Patnaik - Barclays Adam Parrington - Stifel Kyle Peterson - Needham & Company Stephanie Moore - Jefferies Operator Good day, everyone. My name is Jess, and I will be your conference operator today.
- 11/12/2022
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First Advantage (FA) Q3 Earnings and Revenues Lag Estimates
- First Advantage (FA) delivered earnings and revenue surprises of -7.14% and 2.35%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
- 11/08/2022
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First Advantage (FA) Reports Next Week: What You Should Expect
- First Advantage (FA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 11/01/2022
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First Advantage: Leading Player With Good Long-Term Growth Prospects
- FA is a leading player in a large and growing TAM with significant opportunities available to grow above industry rates. FA's verticalized GTM strategy supports the opportunity to expand dollar TAM.
- 09/28/2022
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First Advantage to Release Third Quarter 2022 Financial Results and Hold Investor Conference Call on November 8, 2022
- ATLANTA, Sept. 13, 2022 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ: FA), a leading global provider of HR technology solutions for screening, verifications, safety, and compliance, will issue its third quarter 2022 financial results on Tuesday, November 8, 2022 prior to the Company's earnings conference call, which will be held at 8:30 a.m. EST on the same day.
- 09/13/2022
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First Advantage to Participate in Upcoming Investor Conferences
- ATLANTA, Aug. 31, 2022 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ: FA), a leading global provider of HR technology solutions for screening, verifications, safety, and compliance, today announced management participation in the following investor events:
- 08/31/2022
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First Advantage Corporation (FA) CEO Scott Staples on Q2 2022 Results - Earnings Call Transcript
- First Advantage Corporation (NASDAQ:FA ) Q2 2022 Earnings Conference Call August 4, 2022 8:30 AM ET Company Representatives Scott Staples - Chief Executive Officer David Gamsey - Chief Financial Officer Stephanie Gorman - Vice President, Investor Relations Conference Call Participants Ashish Sabadra - RBC CM Alex Hess - JP Morgan Shlomo Rosenbaum - Stifel Ronan Kennedy - Barclays Operator Good day, and thank you for standing by. Welcome to the First Advantage Second Quarter 2022 Financial Results Conference Call.
- 08/07/2022
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First Advantage (FA) Q2 Earnings Match Estimates
- First Advantage (FA) delivered earnings and revenue surprises of 0% and 1.24%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
- 08/04/2022
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FA or PAY: Which Is the Better Value Stock Right Now?
- FA vs. PAY: Which Stock Is the Better Value Option?
- 07/06/2022
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FA vs. AQUA: Which Stock Is the Better Value Option?
- FA vs. AQUA: Which Stock Is the Better Value Option?
- 05/19/2022
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First Advantage Corporation (FA) CEO Scott Staples on Q1 2022 Results - Earnings Call Transcript
- First Advantage Corporation (NASDAQ:FA ) Q1 2022 Earnings Conference Call May 11, 2022 8:30 AM ET Company Participants Stephanie Gorman - Vice President, Investor Relations Scott Staples - Chief Executive Officer David Gamsey - Chief Financial Officer Conference Call Participants Millie Wu - Evercore Shlomo Rosenbaum - Stifel Heather Balsky - Bank of America Andrew Steinerman - JPMorgan Ronan Kennedy - Barclays Pete Christiansen - Citi Hans Hoffman - Jefferies Operator Ladies and gentlemen, thank you for standing by and welcome to the First Advantage First Quarter 2022 Financial Results Conference Call. At this time, all participants are in a listen-only mode.
- 05/13/2022
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FA or PAY: Which Is the Better Value Stock Right Now?
- FA vs. PAY: Which Stock Is the Better Value Option?
- 05/03/2022
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First Advantage to Release First Quarter 2022 Financial Results and Hold Investor Conference Call on May 11, 2022
- ATLANTA, April 05, 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, will issue its first quarter 2022 financial results on Wednesday, May 11, 2022 prior to the Company's earnings conference call, which will be held at 8:30 a.m. EDT on the same day.
- 04/05/2022
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First Advantage Corporation's (FA) CEO Scott Staples on Q4 2021 Results - Earnings Call Transcript
- First Advantage Corporation's (FA) CEO Scott Staples on Q4 2021 Results - Earnings Call Transcript
- 03/23/2022
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First Advantage to Release Fourth Quarter and Full Year 2021 Financial Results and Hold Investor Conference Call on March 23, 2022
- ATLANTA, Feb. 07, 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, will issue its fourth quarter and full year 2021 financial results on Wednesday, March 23, 2022 prior to the Company's earnings conference call, which will be held at 8:30 a.m. ET on the same day.
- 02/07/2022
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First Advantage Acquires Form I-9 Compliance For Undisclosed Sum
- First Advantage Corp (NASDAQ: FA) completed the acquisition of the Form I-9 Compliance business under an asset purchase agreement. Financial terms were not disclosed.
- 01/11/2022
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Wall Street Analysts See a 45% Upside in First Advantage (FA): Can the Stock Really Move This High?
- The average of price targets set by Wall Street analysts indicates a potential upside of 45.4% in First Advantage (FA). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
- 12/27/2021
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First Advantage Beats Q3 Estimates, Lifts FY21 Outlook; To Buy Two Screening Providers
- First Advantage Corp (NASDAQ: FA) reported third-quarter revenue growth of 41% year-over-year to $192.9 million, beating the consensus of $171.62 million. Adjusted EPS improved to $0.28 from $0.17 in 3Q20, beating the consensus of $0.19.
- 11/08/2021
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First Advantage to Participate in Upcoming Investor Conferences
- ATLANTA, Nov. 03, 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 management participation in the following virtual investor events:
- 11/03/2021
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First Advantage to Release Third Quarter 2021 Financial Results and Hold Investor Conference Call on November 8
- ATLANTA, Oct. 25, 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, will issue its third quarter 2021 financial results on Monday, November 8, 2021 prior to the Company's earnings conference call, which will be held at 8:30 a.m. ET on the same day.
- 10/25/2021
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Federal and State ACA Regulations Simplified: First Advantage Webinar to Share Deadlines, Details & Predictions
- ATLANTA, Oct. 12, 2021 (GLOBE NEWSWIRE) -- About First Advantage First Advantage (NASDAQ: FA) is a leading global provider of technology solutions for screening, verifications, safety and compliance related to human capital. The company delivers innovative solutions and insights that help customers manage risk and hire the best talent. Enabled by its proprietary technology platform, First Advantage's products and solutions help companies protect their brands and provide safe environments for their customers and their most important resources: employees, contractors, contingent workers, tenants and drivers. Headquartered in Atlanta, Georgia, First Advantage has offices in North America, Europe, Asia and the Middle East.
- 10/12/2021
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First Advantage Corp (FA) Sees Hammer Chart Pattern: Time to Buy?
- First Advantage Corp (FA) has been struggling lately, but the selling pressure may be coming to an end soon.
- 10/07/2021
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First Advantage Set to Explore Hot Topics in Background Screening at 2021 Marketplace Risk Management Conference
- ATLANTA, Aug. 31, 2021 (GLOBE NEWSWIRE) -- DETAILS:
- 08/31/2021
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First Advantage to Host Upcoming Webinar Series on State of Drug Screening
- ATLANTA , Aug. 24, 2021 (GLOBE NEWSWIRE) -- DETAILS:
- 08/24/2021
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Why Did First Advantage Stock Soar 14% Today?
- First Advantage Corp (NASDAQ: FA) reported second-quarter revenue growth of 66.5% year-over-year to $174.8 million, beats the consensus of $152.9 million. Revenue growth was attributable to increasing momentum within the existing customer base, significant new customer growth, and U.K. screening business acquisition contribution.
- 08/12/2021
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First Advantage CXO Joelle Smith Recognized as Business Transformation Leader
- Global Transformation Efforts Resulted in Constellation Research Award for 2022 Global Transformation Efforts Resulted in Constellation Research Award for 2022
- 08/03/2021
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BofA Initiates First Advantage At Buy On Growth Prospects
- First Advantage Corp (NASDAQ:FA) is a global leader in “attractive and growing” markets, has a robust business model and has been gaining market share, according to BofA Securities. The First Advantage Analyst: Gary Bisbee initiated coverage on First Advantage with a Buy rating and a price target of $23.
- 07/19/2021
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First Advantage Announces Closing of Upsized Initial Public Offering and Full Exercise of Underwriters' Option to Purchase Additional Shares
- ATLANTA, June 25, 2021 (GLOBE NEWSWIRE) -- First Advantage Corporation (“First Advantage”), a leading global provider of technology solutions for screening, verifications, safety and compliance related to human capital, today announced the closing of its upsized initial public offering of 29,325,000 shares of its common stock at a price to the public of $15.00 per share, including the full exercise by the underwriters of their option to purchase up to 3,825,000 additional shares of common stock. Of the sold shares, 22,856,250 shares were sold by First Advantage, and 6,468,750 shares were sold by certain existing stockholders of First Advantage. The offering was upsized 20% from the number of offered shares at launch and priced at the top of the price range indicated at launch.
- 06/25/2021
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First Advantage: Secure Gain
- First Advantage is a human capital compliance service provider. The company is doing quite well and is very profitable, and was awarded an attractive valuation at the offer price.
- 06/24/2021
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First Advantage Announces Pricing of Upsized Initial Public Offering
- ATLANTA, June 22, 2021 (GLOBE NEWSWIRE) -- First Advantage Corporation (“First Advantage”), a leading global provider of technology solutions for screening, verifications, safety and compliance related to human capital, today announced the pricing of its upsized initial public offering of 25,500,000 shares of common stock at a price to the public of $15.00 per share. Of the offered shares, 19,875,000 shares are being sold by First Advantage, and 5,625,000 shares are being sold by certain existing stockholders of First Advantage. First Advantage and the selling stockholders granted the underwriters in the offering a 30-day option to purchase up to an additional 3,825,000 shares of common stock, of which up to 2,981,250 shares would be sold by First Advantage and up to 843,750 shares would be sold by certain existing stockholders of First Advantage.
- 06/22/2021
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