HireRight Holdings Co. (NYSE:HRT) Receives Consensus Recommendation of “Hold” from Analysts

Shares of HireRight Holdings Co. (NYSE:HRT) have earned a consensus rating of “Hold” from the five brokerages that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $13.00.

A number of research firms have issued reports on HRT. William Blair upgraded shares of HireRight from a “market perform” rating to an “outperform” rating in a report on Wednesday, May 8th. StockNews.com assumed coverage on HireRight in a report on Sunday. They issued a “hold” rating on the stock.

HireRight Price Performance

NYSE HRT opened at $14.36 on Friday. HireRight has a fifty-two week low of $8.69 and a fifty-two week high of $14.39. The stock’s 50-day moving average is $14.33 and its two-hundred day moving average is $13.82. The firm has a market cap of $40.50 million, a P/E ratio of -57.44 and a beta of 0.17.

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

Institutional Investors Weigh In On HireRight

A number of institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC lifted its position in shares of HireRight by 20.5% in the 1st quarter. Virtu Financial LLC now owns 12,190 shares of the company’s stock worth $174,000 after acquiring an additional 2,072 shares during the period. New York State Common Retirement Fund boosted its stake in 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 buying an additional 3,929 shares in the last quarter. SG Americas Securities LLC bought a new stake in HireRight in the 4th quarter valued at $106,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of HireRight by 57.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 33,747 shares of the company’s stock worth $321,000 after acquiring an additional 12,273 shares during the period. Finally, Dark Forest Capital Management LP acquired a new stake in shares of HireRight during the 3rd quarter valued at about $118,000. 12.49% of the stock is owned by institutional investors and hedge funds.

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.