HireRight Holdings Co. (NYSE:HRT) Given Consensus Rating of “Hold” by Analysts

HireRight Holdings Co. (NYSE:HRT) has been assigned an average recommendation of “Hold” from the five analysts that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $12.50.

Several equities analysts have commented on HRT shares. Needham & Company LLC reissued a “hold” rating on shares of HireRight in a report on Friday, February 16th. StockNews.com initiated coverage on shares of HireRight in a report on Thursday, April 11th. They set a “hold” rating on the stock.

HireRight Price Performance

HRT stock opened at $14.24 on Tuesday. HireRight has a 12 month low of $8.50 and a 12 month high of $14.38. The firm has a market cap of $40.16 million, a P/E ratio of -56.96 and a beta of 0.17. The company’s 50-day moving average price is $13.97 and its two-hundred day moving average price is $12.52.

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

Institutional Investors Weigh In On HireRight

A number of institutional investors have recently added to or reduced their stakes in HRT. Ensign Peak Advisors Inc bought a new stake in HireRight during the 3rd quarter worth approximately $35,000. Citigroup Inc. lifted its position in shares of HireRight by 727.5% in the 2nd quarter. Citigroup Inc. now owns 4,957 shares of the company’s stock worth $56,000 after purchasing an additional 4,358 shares during the period. New York State Common Retirement Fund lifted its position in shares of HireRight by 328.5% in the 4th quarter. New York State Common Retirement Fund now owns 5,125 shares of the company’s stock worth $69,000 after purchasing an additional 3,929 shares during the period. State of Wyoming acquired a new position in shares of HireRight in the 4th quarter worth approximately $72,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of HireRight by 472.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 10,180 shares of the company’s stock worth $97,000 after purchasing an additional 8,402 shares during the period. 12.49% of the stock is 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.