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

StockNews.com assumed coverage on shares of HireRight (NYSE:HRTGet Free Report) in a report issued on Tuesday. The firm set a “hold” rating on the stock.

Several other research analysts have also weighed in on HRT. Needham & Company LLC reaffirmed a “hold” rating on shares of HireRight in a research report on Friday, February 16th. William Blair downgraded HireRight from an “outperform” rating to a “market perform” rating in a report on Monday, December 11th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.50.

Check Out Our Latest Stock Analysis on HRT

HireRight Stock Performance

Shares of HRT stock opened at $14.26 on Tuesday. HireRight has a one year low of $8.50 and a one year high of $14.35. The company has a 50 day moving average price of $13.48 and a 200 day moving average price of $12.00. The firm has a market capitalization of $40.21 million, a price-to-earnings ratio of -57.04 and a beta of 0.17.

Hedge Funds Weigh In On HireRight

Hedge funds have recently made changes to their positions in the business. Ensign Peak Advisors Inc purchased a new position in HireRight in the third quarter valued at about $35,000. Citigroup Inc. grew its stake in shares of HireRight by 727.5% in the second quarter. Citigroup Inc. now owns 4,957 shares of the company’s stock valued at $56,000 after buying an additional 4,358 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of HireRight by 328.5% during the 4th quarter. New York State Common Retirement Fund now owns 5,125 shares of the company’s stock valued at $69,000 after buying an additional 3,929 shares during the period. State of Wyoming acquired a new position in HireRight during the 4th quarter worth approximately $72,000. Finally, Quantbot Technologies LP acquired a new position in HireRight during the 1st quarter worth approximately $120,000. Hedge funds and other institutional investors own 12.49% of the company’s stock.

About HireRight

(Get Free Report)

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.

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Analyst Recommendations for HireRight (NYSE:HRT)

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