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

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

Separately, Needham & Company LLC reissued a “hold” rating on shares of HireRight in a report on Friday, February 16th. Five equities 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, HireRight currently has an average rating of “Hold” and a consensus price target of $12.50.

HireRight Price Performance

Shares of NYSE HRT opened at $14.33 on Friday. 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 of $14.25 and a 200 day moving average of $12.90. The stock has a market cap of $40.41 million, a P/E ratio of -57.32 and a beta of 0.17.

HireRight (NYSE:HRT) last released 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 for the quarter, compared to analysts’ expectations of $170.35 million.

Hedge Funds Weigh In On HireRight

A number of hedge funds have recently added to or reduced their stakes in HRT. New York State Common Retirement Fund boosted its stake in 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 purchasing an additional 3,929 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of HireRight by 2.8% during the third quarter. Bank of New York Mellon Corp now owns 167,841 shares of the company’s stock valued at $1,596,000 after buying an additional 4,548 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in HireRight by 0.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,130,394 shares of the company’s stock worth $20,260,000 after buying an additional 6,363 shares in the last quarter. SG Americas Securities LLC purchased a new position in HireRight in the 4th quarter worth about $106,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in HireRight by 57.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 33,747 shares of the company’s stock valued at $321,000 after acquiring an additional 12,273 shares during the period. 12.49% of the stock is currently owned by hedge funds and other institutional investors.

About HireRight

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.