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

StockNews.com assumed coverage on shares of HireRight (NYSE:HRT) in a report issued on Sunday 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 report on Friday, February 16th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $12.50.

HireRight Stock Up 0.0 %

Shares of HireRight stock opened at $14.36 on Friday. HireRight has a 12-month low of $8.50 and a 12-month high of $14.39. The business’s 50 day moving average is $14.25 and its 200-day moving average is $12.99. The stock has a market cap of $40.48 million, a P/E ratio of -57.42 and a beta of 0.17.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of HRT. Park West Asset Management LLC bought a new stake in shares of HireRight during the fourth quarter worth approximately $14,668,000. Advantage Alpha Capital Partners LP grew its holdings in HireRight by 106.2% in the 3rd quarter. Advantage Alpha Capital Partners LP now owns 459,607 shares of the company’s stock valued at $4,371,000 after buying an additional 236,675 shares in the last quarter. Jennison Associates LLC increased its position in HireRight by 14.0% during the 3rd quarter. Jennison Associates LLC now owns 1,576,599 shares of the company’s stock worth $14,993,000 after buying an additional 193,081 shares during the period. Fifth Lane Capital LP acquired a new stake in shares of HireRight during the first quarter worth $1,427,000. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of HireRight by 37.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 345,620 shares of the company’s stock valued at $3,287,000 after acquiring an additional 94,531 shares during the period. Institutional investors and hedge funds 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.