HireRight (NYSE:HRT) Now Covered by Analysts at Needham & Company LLC

Needham & Company LLC assumed coverage on shares of HireRight (NYSE:HRTGet Rating) in a report released on Tuesday morning, The Fly reports. The brokerage issued a buy rating on the stock.

Separately, The Goldman Sachs Group dropped their price objective on shares of HireRight from $24.00 to $21.00 and set a buy rating for the company in a research note on Monday, August 8th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $21.63.

HireRight Price Performance

NYSE:HRT opened at $15.86 on Tuesday. The business’s fifty day moving average price is $16.04 and its 200 day moving average price is $15.41. HireRight has a 12 month low of $10.66 and a 12 month high of $19.46.

HireRight (NYSE:HRTGet Rating) last announced its earnings results on Thursday, August 4th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.14. The business had revenue of $222.29 million for the quarter, compared to analyst estimates of $200.12 million. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year.

Institutional Trading of HireRight

Several large investors have recently modified their holdings of HRT. Amalgamated Bank acquired a new stake in shares of HireRight during the 1st quarter worth about $54,000. Legal & General Group Plc lifted its stake in HireRight by 128.4% in the second quarter. Legal & General Group Plc now owns 8,200 shares of the company’s stock valued at $117,000 after buying an additional 4,610 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in HireRight by 3.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 160,609 shares of the company’s stock valued at $2,747,000 after buying an additional 4,713 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of HireRight by 55.4% in the first quarter. MetLife Investment Management LLC now owns 15,433 shares of the company’s stock valued at $264,000 after purchasing an additional 5,503 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in HireRight by 36.7% during the first quarter. Rhumbline Advisers now owns 23,900 shares of the company’s stock worth $409,000 after buying an additional 6,420 shares during the last quarter.

HireRight Company Profile

(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.

Further Reading

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Analyst Recommendations for HireRight (NYSE:HRT)

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