Credit Suisse Group Cuts HireRight (NYSE:HRT) Price Target to $15.00

HireRight (NYSE:HRT – Get Rating) had its price target cut by Credit Suisse Group from $17.00 to $15.00 in a research report sent to investors on Friday, Benzinga reports. They currently have an outperform rating on the stock.

HRT has been the subject of a number of other reports. Truist Financial upped their price target on shares of HireRight from $9.00 to $10.00 and gave the stock a hold rating in a research report on Friday. StockNews.com upgraded shares of HireRight from a hold rating to a buy rating in a research report on Tuesday, March 7th. Barclays upped their target price on shares of HireRight from $9.00 to $10.00 and gave the stock an equal weight rating in a research report on Monday, November 21st. Stifel Nicolaus lowered shares of HireRight from a buy rating to a hold rating and set a $12.00 target price for the company. in a research report on Thursday, January 19th. Finally, Royal Bank of Canada reaffirmed a sector perform rating and set a $12.00 price target on shares of HireRight in a research note on Friday. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $13.10.

HireRight Trading Down 3.6 %

Shares of NYSE HRT opened at $10.47 on Friday. The firm has a 50 day moving average of $11.43 and a 200 day moving average of $12.78. The firm has a market capitalization of $29.53 million, a price-to-earnings ratio of -41.88 and a beta of 0.17. HireRight has a 12-month low of $6.88 and a 12-month high of $18.95.

Insider Buying and Selling

In related news, major shareholder Rjc Gis Holdings Llc sold 320,600 shares of the firm’s stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $10.83, for a total value of $3,472,098.00. Following the transaction, the insider now owns 10,121,695 shares of the company’s stock, valued at approximately $109,617,956.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 502,972 shares of company stock valued at $5,494,406 in the last 90 days. Company insiders own 13.03% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HRT. General Atlantic L.P. boosted its holdings in shares of HireRight by 8.0% in the 4th quarter. General Atlantic L.P. now owns 32,109,898 shares of the company’s stock valued at $380,823,000 after buying an additional 2,390,000 shares in the last quarter. Blair William & Co. IL raised its position in shares of HireRight by 234.9% in the 1st quarter. Blair William & Co. IL now owns 347,435 shares of the company’s stock valued at $5,941,000 after purchasing an additional 243,690 shares during the last quarter. Federated Hermes Inc. purchased a new position in shares of HireRight in the 3rd quarter valued at approximately $3,416,000. Deutsche Bank AG raised its position in shares of HireRight by 2,006.5% in the 4th quarter. Deutsche Bank AG now owns 215,154 shares of the company’s stock valued at $2,552,000 after purchasing an additional 204,940 shares during the last quarter. Finally, Jennison Associates LLC raised its position in shares of HireRight by 14.4% in the 4th quarter. Jennison Associates LLC now owns 1,244,051 shares of the company’s stock valued at $14,754,000 after purchasing an additional 156,855 shares during the last quarter. 12.49% of the stock is currently owned by institutional investors.

HireRight Company Profile

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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.