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

StockNews.com started coverage on shares of HireRight (NYSE:HRT) in a report issued on Sunday morning. 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $13.00.

HireRight Stock Performance

HRT stock opened at $14.36 on Friday. The firm has a market cap of $40.50 million, a P/E ratio of -57.44 and a beta of 0.17. The firm’s fifty day moving average is $14.33 and its 200 day moving average is $13.82. HireRight has a 52 week low of $8.69 and a 52 week 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 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

Institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC raised 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 valued at $174,000 after acquiring an additional 2,072 shares in the last quarter. New York State Common Retirement Fund raised its holdings in HireRight by 328.5% in the 4th 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 in the last quarter. SG Americas Securities LLC purchased a new stake in shares of HireRight in the 4th quarter worth about $106,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake 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 valued at $321,000 after purchasing an additional 12,273 shares in the last quarter. Finally, Dark Forest Capital Management LP purchased a new position in shares of HireRight during the third quarter valued at about $118,000. Hedge funds and other institutional investors own 12.49% of the company’s stock.

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.