Topic: How To Invest

Q: I really enjoy your Inner Circle emails. I was hoping to get your opinion on Sterling Check. Thanks!

Article Excerpt

A: Sterling Check Corp., $15.15, symbol STER on Nasdaq (Shares outstanding: 96.3 million; Market cap: $1.5 billion;, provides tech-enabled, cloud-based background and identity checks on potential employees on behalf of hiring companies. This includes credentials verification, drug and health screening, as well as post-hire ongoing monitoring. In the last year, the New York-based company completed approximately 75 million searches for more than 40,000 clients, including almost half of the Fortune 500. Sterling launched its IPO and began trading on Nasdaq at $23 a share on September 23, 2021. Before the initial public offering, Goldman Sachs (symbol GS on New York) held 78% of Sterling Check. After the IPO, it holds about 63.8%. On November 30, 2021, the Company acquired Employment Background Investigations, Inc. (EBI) for $67.8 million. Founded in 1994, EBI provides background screening, drug testing, occupational healthcare, and electronic Form I-9 solutions for talent acquisition and workforce management needs. The acquisitions added over $30 million in annual revenue. In 2020, Sterling reported revenue…

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