First Advantage Corp Stock Price, News & Analysis

First Advantage Corporation (NASDAQ: FA) announced a secondary offering of 15,000,000 shares at $20.00 per share, conducted by certain stockholders, including Silver Lake Group affiliates. A 30-day underwriter option for an additional 2,250,000 shares is included. The offering, set to close on November 15, 2021, will not involve any shares from First Advantage, meaning proceeds will go entirely to the selling stockholders. Barclays and BofA Securities lead the offering, which is registered with the SEC.

First Advantage (NASDAQ: FA) announced a secondary offering of 15,000,000 shares from certain stockholders, including affiliates of Silver Lake Group. The underwriters, Barclays and BofA Securities, hold a 30-day option to buy an additional 2,250,000 shares. This offering will not involve any stock sold by First Advantage. Proceeds will go directly to the selling stockholders. A preliminary registration statement has been filed with the SEC, but it is not yet effective. The offering is subject to typical regulatory conditions.

The Real Brokerage Inc. has appointed Katharine Mobley as its new Chief Marketing Officer. With over 20 years of experience in strategic marketing, Mobley will drive brand awareness, enhance agent visibility, and lead investor relations. Her background includes leading global marketing at First Advantage and managing accounts for Fortune 500 companies. Mobley aims to expand Real's footprint in the competitive real estate market, leveraging technology to create growth opportunities. Co-founder and CEO Tamir Poleg expressed confidence in Mobley’s ability to enhance the company's brand and culture.

First Advantage Corporation (NASDAQ: FA) reported a strong third quarter 2021 with revenues of $192.9 million, up 41.0% from the previous year. The company achieved a net income of $16.3 million, a significant turnaround from a net loss of $3.5 million. Adjusted EBITDA rose to $63.9 million, reflecting a 47.7% increase. Full-year guidance for revenues was raised to $680-$686 million.

Additionally, two acquisitions were announced, enhancing First Advantage's market position.

First Advantage Corporation (NASDAQ: FA) announced its acquisition of Corporate Screening Services and MultiLatin Advisors, enhancing its healthcare and higher education solutions. This transaction aims to augment vertical expertise, product innovation, and international expansion, especially in Latin America. The all-cash deals are expected to close in Q4 2021. Scott Staples, CEO of First Advantage, emphasized the strategic importance of these acquisitions, which will strengthen the company’s offerings and customer base, leveraging the experienced leadership teams from both organizations.

First Advantage Corporation (NASDAQ: FA) announced its upcoming participation in two virtual investor events. The company will present at the RBC Capital Markets Global Technology Conference on November 16, 2021, at 11:20 am ET, and at the J.P. Morgan Ultimate Services Investor Conference on November 18, 2021, at 1:50 pm ET. Live webcasts and recordings of these presentations will be accessible via their investor relations website. First Advantage focuses on technology solutions for screening, verifications, safety, and compliance, serving over 30,000 clients worldwide.

First Advantage (NASDAQ: FA) will announce its Q3 2021 financial results on November 8, 2021, prior to a conference call scheduled for 8:30 a.m. ET. This call will be accessible via phone and webcast, with details provided for both domestic and international participants. First Advantage is a leader in technology solutions for screening and compliance, serving over 30,000 customers globally across more than 200 countries. The company aims to help clients manage risks and enhance their hiring processes through its innovative technology.

First Advantage Corporation (NASDAQ: FA) announced key leadership changes with Douglas Nairne appointed as Chief Operations Officer – International and Victor Sachs as Senior Vice President, Customer Care – Americas. Nairne brings over 20 years of experience in background screening and verifications, previously serving as CEO of Dataflow Group. Sachs has extensive experience in customer experience technology, with a background in notable technology firms like Salesforce and Dell. These appointments aim to enhance customer experience and support the company's growth globally.

First Advantage (NASDAQ: FA) will host a webinar titled “Federal and State ACA Regulations Simplified” on October 19, 2021, at 1:00 p.m. ET. The session, led by Tax Director Rebekah Braselton-Denmark and Director of Government Relations Jess LeDonne, aims to clarify the evolving Affordable Care Act (ACA) stipulations and state-level requirements. Participants will gain insights on key details, deadlines, and best practices for navigating the complexities of ACA regulations under the current administration.