HireRight (NYSE:HRT) Price Target Raised to $10.00

HireRight (NYSE:HRTGet Rating) had its target price raised by Barclays from $9.00 to $10.00 in a research note issued to investors on Monday, Stock Target Advisor reports. Barclays currently has an equal weight rating on the stock.

A number of other brokerages have also recently weighed in on HRT. Robert W. Baird reduced their target price on HireRight from $23.00 to $15.00 in a report on Friday, November 4th. Royal Bank of Canada cut HireRight from an outperform rating to a sector perform rating and reduced their target price for the company from $15.00 to $12.00 in a report on Friday, November 4th. Needham & Company LLC cut their price objective on HireRight from $22.00 to $17.00 and set a buy rating on the stock in a research report on Friday, November 4th. StockNews.com raised HireRight from a hold rating to a buy rating in a research report on Monday, November 7th. Finally, The Goldman Sachs Group cut their price objective on HireRight from $21.00 to $18.00 and set a buy rating on the stock in a research report on Friday, November 4th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $16.22.

HireRight Trading Up 10.2 %

Shares of HireRight stock opened at $10.24 on Monday. HireRight has a twelve month low of $6.88 and a twelve month high of $19.46. The business’s fifty day moving average price is $13.73 and its 200 day moving average price is $14.81.

Insider Transactions at HireRight

In other HireRight news, Director Atlantic Genpar (Bermu General bought 400,000 shares of the company’s stock in a transaction dated Wednesday, November 16th. The shares were acquired at an average cost of $9.72 per share, with a total value of $3,888,000.00. Following the completion of the transaction, the director now owns 30,119,898 shares in the company, valued at $292,765,408.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Institutional Trading of HireRight

Several hedge funds and other institutional investors have recently bought and sold shares of HRT. Ensign Peak Advisors Inc bought a new stake in HireRight in the third quarter valued at about $35,000. Allspring Global Investments Holdings LLC bought a new stake in HireRight in the third quarter valued at about $37,000. Amalgamated Bank bought a new stake in HireRight in the first quarter valued at about $54,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in HireRight in the third quarter valued at about $84,000. Finally, Legal & General Group Plc increased its holdings in HireRight by 128.4% in the second quarter. Legal & General Group Plc now owns 8,200 shares of the company’s stock valued at $117,000 after buying an additional 4,610 shares during the last quarter.

HireRight Company Profile

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HireRight Holdings Corporation provides technology-driven workforce risk management and compliance solutions worldwide. The company offers background screening, verification, identification, monitoring, and drug and health screening services for customers. It 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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