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

Shares of HireRight Holdings Co. (NYSE:HRTGet Free Report) have received a consensus recommendation of “Hold” from the five brokerages that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $13.00.

Several research analysts have commented on the stock. William Blair upgraded shares of HireRight from a “market perform” rating to an “outperform” rating in a research report on Wednesday, May 8th. StockNews.com assumed coverage on HireRight in a research report on Wednesday, May 29th. They set a “hold” rating for the company. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of HireRight in a research note on Friday, February 16th.

Get Our Latest Stock Report on HRT

HireRight Price Performance

HireRight stock opened at $14.33 on Wednesday. The stock’s fifty day moving average price is $14.30 and its two-hundred day moving average price is $13.66. The firm has a market cap of $40.41 million, a PE ratio of -57.32 and a beta of 0.17. HireRight has a one year low of $8.69 and a one year high of $14.39.

HireRight (NYSE:HRTGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.05. The firm had revenue of $173.20 million for the quarter, compared to the consensus estimate of $170.20 million.

Hedge Funds Weigh In On HireRight

Institutional investors and hedge funds have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its stake in shares of HireRight by 0.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,130,394 shares of the company’s stock valued at $20,260,000 after buying an additional 6,363 shares during the period. Park West Asset Management LLC bought a new position in shares of HireRight during the fourth quarter valued at $14,668,000. Vanguard Group Inc. lifted its holdings in shares of HireRight by 48.0% during the first quarter. Vanguard Group Inc. now owns 925,466 shares of the company’s stock worth $13,206,000 after purchasing an additional 300,040 shares during the period. Gabelli Funds LLC bought a new stake in shares of HireRight in the first quarter worth $9,926,000. Finally, Advantage Alpha Capital Partners LP increased its holdings in HireRight by 106.2% in the third quarter. Advantage Alpha Capital Partners LP now owns 459,607 shares of the company’s stock valued at $4,371,000 after purchasing an additional 236,675 shares during the period. Institutional investors and hedge funds 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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