HireRight (NYSE:HRT) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of HireRight (NYSE:HRT) in a research note released on Friday morning. The brokerage issued a hold rating on the stock.

Separately, Needham & Company LLC reissued a hold rating on shares of HireRight in a research note 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. According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $12.50.

HireRight Trading Up 0.6 %

Shares of NYSE HRT opened at $14.32 on Friday. HireRight has a 12 month low of $8.50 and a 12 month high of $14.38. The firm has a market capitalization of $40.38 million, a price-to-earnings ratio of -57.28 and a beta of 0.17. The business has a 50-day moving average of $14.10 and a 200-day moving average of $12.64.

HireRight (NYSE:HRT) last posted its quarterly earnings data on Tuesday, March 12th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The firm had revenue of $166.04 million during the quarter, compared to analysts’ expectations of $170.35 million.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Park West Asset Management LLC purchased a new position in shares of HireRight in the 4th quarter valued at approximately $14,668,000. DLD Asset Management LP bought a new position in HireRight in the fourth quarter worth $370,000. New York State Common Retirement Fund lifted its position in HireRight by 328.5% during the fourth quarter. New York State Common Retirement Fund now owns 5,125 shares of the company’s stock valued at $69,000 after buying an additional 3,929 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of HireRight during the 4th quarter valued at $174,000. Finally, SG Americas Securities LLC purchased a new stake in shares of HireRight in the 4th quarter worth about $106,000. Institutional investors own 12.49% of the company’s stock.

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.