HireRight (NYSE:HRT) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of HireRight (NYSE:HRT) in a research report released on Tuesday morning. The firm issued a hold rating on the stock.

HRT has been the subject of a number of other reports. Needham & Company LLC reaffirmed a hold rating on shares of HireRight in a research note on Friday, February 16th. William Blair cut shares of HireRight from an outperform rating to a market perform rating in a research report on Monday, December 11th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and a consensus price target of $12.50.

HireRight Stock Performance

Shares of HRT opened at $14.27 on Tuesday. The firm’s 50-day simple moving average is $13.60 and its two-hundred day simple moving average is $12.11. The stock has a market cap of $40.24 million, a PE ratio of -57.08 and a beta of 0.17. HireRight has a fifty-two week low of $8.50 and a fifty-two week high of $14.35.

HireRight (NYSE:HRT) last issued its quarterly earnings data on Tuesday, March 12th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The company had revenue of $166.04 million for the quarter, compared to the consensus estimate of $170.35 million.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Jacobs Levy Equity Management Inc. boosted its holdings in HireRight by 37.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 345,620 shares of the company’s stock worth $3,287,000 after acquiring an additional 94,531 shares during the period. Dark Forest Capital Management LP acquired a new stake in HireRight in the third quarter worth $118,000. Keybank National Association OH acquired a new position in shares of HireRight during the third quarter valued at $121,000. Public Employees Retirement System of Ohio acquired a new position in shares of HireRight during the third quarter valued at $222,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of HireRight by 0.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,130,394 shares of the company’s stock valued at $20,260,000 after purchasing an additional 6,363 shares during the period. Institutional investors and hedge funds own 12.49% of the company’s stock.

HireRight Company Profile

HireRight Holdings Corporation provides technology-driven workforce risk management and compliance solutions worldwide. It offers background screening, verification, identification, monitoring, and drug and health screening services for customers under the HireRight brand name. The company provides its services through software and data platform that integrates into its customers' human capital management systems enabling workflows for workforce hiring, onboarding, and monitoring.