HireRight (NYSE:HRT) Receives New Coverage from Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of HireRight (NYSE:HRT) in a research note issued to investors on Friday. The firm set a “hold” rating on the stock.

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

HireRight Stock Up 0.1 %

Shares of HireRight stock opened at $14.25 on Friday. The stock’s 50-day simple moving average is $14.04 and its 200-day simple moving average is $12.57. HireRight has a 52 week low of $8.50 and a 52 week high of $14.38. The company has a market capitalization of $40.19 million, a price-to-earnings ratio of -57.00 and a beta of 0.17.

HireRight (NYSE:HRT) last announced its quarterly earnings data on Tuesday, March 12th. The company reported $0.16 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 analysts’ expectations of $170.35 million.

Institutional Investors Weigh In On HireRight

Several large investors have recently added to or reduced their stakes in the stock. Ensign Peak Advisors Inc purchased a new position in shares of HireRight during the third quarter valued at approximately $35,000. Citigroup Inc. grew its stake in HireRight by 727.5% in the second quarter. Citigroup Inc. now owns 4,957 shares of the company’s stock worth $56,000 after purchasing an additional 4,358 shares in the last quarter. New York State Common Retirement Fund grew its stake in HireRight by 328.5% in the fourth 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 in the last quarter. State of Wyoming bought a new position in HireRight in the fourth quarter worth approximately $72,000. Finally, Tower Research Capital LLC TRC grew its stake in HireRight by 472.6% in the third 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 in the last quarter. 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.