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

StockNews.com began coverage on shares of HireRight (NYSE:HRT) in a report released on Saturday. The brokerage issued a hold rating on the stock.

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

HireRight Price Performance

Shares of NYSE:HRT opened at $14.35 on Friday. The company has a market capitalization of $40.47 million, a price-to-earnings ratio of -57.40 and a beta of 0.17. The business’s 50-day moving average is $14.32 and its 200-day moving average is $13.77. HireRight has a 1 year low of $8.69 and a 1 year high of $14.39.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HRT. Park West Asset Management LLC purchased a new stake in shares of HireRight in the fourth quarter worth approximately $14,668,000. Vanguard Group Inc. raised its stake in shares of HireRight by 48.0% in the first quarter. Vanguard Group Inc. now owns 925,466 shares of the company’s stock worth $13,206,000 after purchasing an additional 300,040 shares during the last quarter. Gabelli Funds LLC purchased a new stake in shares of HireRight in the first quarter worth approximately $9,926,000. Advantage Alpha Capital Partners LP raised its stake in shares of HireRight by 106.2% in the third quarter. Advantage Alpha Capital Partners LP now owns 459,607 shares of the company’s stock worth $4,371,000 after purchasing an additional 236,675 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of HireRight in the first quarter worth approximately $5,682,000. 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.