HireRight (NYSE:HRT) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of HireRight (NYSE:HRT) in a research report report published on Wednesday. The firm issued a hold rating on the stock.

Separately, William Blair upgraded HireRight from a market perform rating to an outperform rating in a research note on Wednesday, May 8th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, HireRight currently has an average rating of Hold and an average target price of $13.00.

HireRight Price Performance

HRT opened at $14.36 on Wednesday. The business’s 50-day moving average is $14.35 and its two-hundred day moving average is $13.98. HireRight has a 1 year low of $8.69 and a 1 year high of $14.39. The firm has a market capitalization of $40.50 million, a PE ratio of -57.44 and a beta of 0.17.

HireRight (NYSE:HRT) last posted its earnings results on Tuesday, May 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.05. The company had revenue of $173.20 million during the quarter, compared to analysts’ expectations of $170.20 million.

Institutional Investors Weigh In On HireRight

A number of large investors have recently modified their holdings of the business. Virtu Financial LLC lifted its holdings in shares of HireRight by 20.5% during the first quarter. Virtu Financial LLC now owns 12,190 shares of the company’s stock worth $174,000 after purchasing an additional 2,072 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of HireRight by 328.5% during the fourth quarter. New York State Common Retirement Fund now owns 5,125 shares of the company’s stock worth $69,000 after purchasing an additional 3,929 shares during the period. SG Americas Securities LLC acquired a new stake in shares of HireRight during the fourth quarter worth about $106,000. Picton Mahoney Asset Management acquired a new stake in shares of HireRight during the first quarter worth about $270,000. Finally, Aristides Capital LLC acquired a new stake in shares of HireRight during the first quarter worth about $282,000. 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.