HireRight Holdings Co. (NYSE:HRT) Given Average Recommendation of “Hold” by Analysts

HireRight Holdings Co. (NYSE:HRT) has been given an average rating of “Hold” by the five research firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $13.00.

HRT has been the subject of several recent analyst reports. StockNews.com initiated coverage on HireRight in a report on Wednesday, July 24th. They set a “hold” rating for the company. William Blair upgraded HireRight from a “market perform” rating to an “outperform” rating in a research report on Wednesday, May 8th.

Institutional Trading of HireRight

Hedge funds have recently bought and sold shares of the company. New York State Common Retirement Fund lifted its position in HireRight by 328.5% in the fourth quarter. New York State Common Retirement Fund now owns 5,125 shares of the company’s stock valued at $69,000 after purchasing an additional 3,929 shares during the last quarter. SG Americas Securities LLC bought a new stake in HireRight in the fourth quarter valued at approximately $106,000. Virtu Financial LLC lifted its position in HireRight by 20.5% in the first quarter. Virtu Financial LLC now owns 12,190 shares of the company’s stock valued at $174,000 after purchasing an additional 2,072 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in HireRight in the third quarter valued at approximately $222,000. Finally, Picton Mahoney Asset Management bought a new stake in HireRight in the first quarter valued at approximately $270,000. Institutional investors own 12.49% of the company’s stock.

HireRight Stock Performance

Shares of NYSE HRT opened at $14.36 on Thursday. HireRight has a 12 month low of $8.69 and a 12 month high of $14.39. The firm has a market capitalization of $40.50 million, a price-to-earnings ratio of -57.44 and a beta of 0.17. The business has a 50-day moving average of $14.35 and a 200-day moving average of $13.99.

HireRight (NYSE:HRT) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.12 by $0.05. The business had revenue of $173.20 million for the quarter, compared to analysts’ expectations of $170.20 million.

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.