HireRight (NYSE:HRT) Posts Earnings Results

HireRight (NYSE:HRT) announced its quarterly earnings data on Tuesday. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.12 by $0.05, reports. The firm had revenue of $173.20 million for the quarter, compared to analysts’ expectations of $170.20 million.

HireRight Stock Up 0.1 %

HRT traded up $0.01 during trading on Friday, reaching $14.32. The company’s stock had a trading volume of 12,490 shares, compared to its average volume of 428,433. The firm has a fifty day simple moving average of $14.26 and a two-hundred day simple moving average of $13.00. The company has a market cap of $40.38 million, a price-to-earnings ratio of -57.24 and a beta of 0.17. HireRight has a 1 year low of $8.69 and a 1 year high of $14.39.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Needham & Company LLC restated a “hold” rating on shares of HireRight in a research report on Friday, February 16th. StockNews.com assumed coverage on shares of HireRight in a research note on Sunday, May 5th. They set a “hold” rating for the company. Finally, William Blair raised shares of HireRight from a “market perform” rating to an “outperform” rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, HireRight currently has an average rating of “Hold” and a consensus price target of $12.50.

Hedge Funds Weigh In On HireRight

A number of hedge funds have recently made changes to their positions in the stock. Park West Asset Management LLC purchased a new position in HireRight in the fourth quarter valued at $14,668,000. Advantage Alpha Capital Partners LP increased its position in HireRight by 106.2% during the third quarter. Advantage Alpha Capital Partners LP now owns 459,607 shares of the company’s stock worth $4,371,000 after buying an additional 236,675 shares during the period. Jennison Associates LLC increased its position in HireRight by 14.0% in the 3rd quarter. Jennison Associates LLC now owns 1,576,599 shares of the company’s stock valued at $14,993,000 after acquiring an additional 193,081 shares during the period. Fifth Lane Capital LP purchased a new position in HireRight during the 1st quarter worth $1,427,000. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of HireRight by 37.6% in 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. Hedge funds and other institutional investors own 12.49% of the company’s stock.

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.