HireRight (NYSE:HRT) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of HireRight (NYSE:HRT) in a research report sent to investors on Saturday. The brokerage issued a hold rating on the stock.

Separately, Needham & Company LLC reaffirmed a hold rating on shares of HireRight in a research note on Friday, February 16th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, HireRight presently has a consensus rating of Hold and a consensus price target of $12.50.

HireRight Stock Performance

Shares of HRT stock opened at $14.32 on Friday. The firm has a fifty day moving average of $14.23 and a 200-day moving average of $12.81. The stock has a market cap of $40.38 million, a price-to-earnings ratio of -57.28 and a beta of 0.17. HireRight has a 52-week low of $8.50 and a 52-week high of $14.38.

HireRight (NYSE:HRT) last posted its quarterly earnings results on Tuesday, March 12th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. The business had revenue of $166.04 million during the quarter, compared to analyst estimates of $170.35 million.

Institutional Inflows and Outflows

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

About HireRight

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.