HireRight Holdings Co. (NYSE:HRT) Receives Average Rating of “Buy” from Brokerages

HireRight Holdings Co. (NYSE:HRTGet Rating) has been assigned a consensus rating of “Buy” from the eleven research firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $22.88.

Several brokerages have recently commented on HRT. StockNews.com raised HireRight from a “sell” rating to a “hold” rating in a report on Saturday, March 26th. Credit Suisse Group reduced their target price on HireRight from $26.00 to $21.00 and set an “outperform” rating for the company in a report on Tuesday, March 22nd. Truist Financial upped their target price on HireRight to $18.00 and gave the company a “na” rating in a report on Monday. The Goldman Sachs Group reduced their target price on HireRight from $35.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday, March 22nd. Finally, Barclays reduced their target price on HireRight from $30.00 to $22.00 and set an “overweight” rating for the company in a report on Wednesday, March 16th.

HRT opened at $14.14 on Tuesday. HireRight has a one year low of $10.66 and a one year high of $19.46. The stock’s fifty day moving average is $15.67 and its 200-day moving average is $15.18.

HireRight (NYSE:HRTGet Rating) last posted its quarterly earnings data on Monday, March 21st. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.23. The firm had revenue of $198.53 million during the quarter, compared to the consensus estimate of $183.46 million.

A number of large investors have recently bought and sold shares of the stock. General Atlantic L.P. acquired a new position in HireRight during the fourth quarter valued at $475,518,000. Stone Point Capital LLC acquired a new position in HireRight in the 4th quarter worth about $264,839,000. Massachusetts Financial Services Co. MA increased its position in HireRight by 44.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,405,691 shares of the company’s stock worth $41,137,000 after purchasing an additional 741,909 shares during the last quarter. American Century Companies Inc. acquired a new position in HireRight in the 4th quarter worth about $26,695,000. Finally, Citadel Advisors LLC acquired a new position in HireRight in the 4th quarter worth about $24,176,000.

About HireRight (Get Rating)

HireRight Holdings Corporation provides technology-driven workforce risk management and compliance solutions worldwide. The company offers background screening, verification, identification, monitoring, and drug and health screening services for customers. It 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.

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Analyst Recommendations for HireRight (NYSE:HRT)

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