HireRight (NYSE:HRT) Now Covered by StockNews.com

Investment analysts at StockNews.com started coverage on shares of HireRight (NYSE:HRT) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the stock.

Separately, Needham & Company LLC restated a “hold” rating on shares of HireRight in a report on Friday, February 16th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $12.50.

HireRight Trading Down 0.2 %

HRT opened at $14.27 on Thursday. The stock has a market capitalization of $40.24 million, a PE ratio of -57.08 and a beta of 0.17. HireRight has a 1-year low of $8.50 and a 1-year high of $14.38. The firm has a 50-day moving average price of $13.87 and a two-hundred day moving average price of $12.40.

HireRight (NYSE:HRT) last issued its earnings results on Tuesday, March 12th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. The business had revenue of $166.04 million during the quarter, compared to the consensus estimate of $170.35 million.

Hedge Funds Weigh In On HireRight

A number of institutional investors and hedge funds have recently modified their holdings of HRT. Park West Asset Management LLC purchased a new position in HireRight in the 4th quarter worth approximately $14,668,000. Blair William & Co. IL grew its stake in shares of HireRight by 234.9% in the first quarter. Blair William & Co. IL now owns 347,435 shares of the company’s stock worth $5,941,000 after acquiring an additional 243,690 shares during the last quarter. Advantage Alpha Capital Partners LP grew its stake in shares of HireRight by 106.2% in the third quarter. Advantage Alpha Capital Partners LP now owns 459,607 shares of the company’s stock worth $4,371,000 after acquiring an additional 236,675 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of HireRight in the second quarter worth $2,577,000. Finally, Deutsche Bank AG grew its stake in shares of HireRight by 2,006.5% in the fourth quarter. Deutsche Bank AG now owns 215,154 shares of the company’s stock worth $2,552,000 after acquiring an additional 204,940 shares during the last quarter. 12.49% of the stock is currently owned by institutional investors.

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.