Stifel Nicolaus Lowers HireRight (NYSE:HRT) to Hold

HireRight (NYSE:HRTGet Rating) was downgraded by equities research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued on Thursday, MarketBeat Ratings reports. They presently have a $12.00 target price on the stock. Stifel Nicolaus’ price objective points to a potential upside of 5.73% from the stock’s previous close.

Several other equities analysts have also issued reports on the company. Needham & Company LLC dropped their price target on HireRight from $22.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, November 4th. Truist Financial lowered their target price on HireRight from $18.00 to $9.00 in a research report on Monday, November 7th. Royal Bank of Canada lowered HireRight from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $15.00 to $12.00 in a research report on Friday, November 4th. Barclays upped their target price on HireRight from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Monday, November 21st. Finally, Robert W. Baird lowered their target price on HireRight from $23.00 to $15.00 in a research report on Friday, November 4th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $14.25.

HireRight Price Performance

Shares of HRT opened at $11.35 on Thursday. HireRight has a 52-week low of $6.88 and a 52-week high of $18.95. The business’s 50 day moving average price is $11.51 and its two-hundred day moving average price is $13.86.

HireRight (NYSE:HRTGet Rating) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.95. The business had revenue of $210.30 million during the quarter, compared to analyst estimates of $211.45 million.

Insider Buying and Selling at HireRight

In other HireRight news, Director Atlantic Genpar (Bermu General acquired 78,353 shares of HireRight stock in a transaction on Friday, November 18th. The stock was purchased at an average price of $9.41 per share, for a total transaction of $737,301.73. Following the purchase, the director now directly owns 30,274,886 shares of the company’s stock, valued at $284,886,677.26. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, major shareholder Rjc Gis Holdings Llc sold 17,062 shares of the stock in a transaction on Friday, January 13th. The stock was sold at an average price of $12.02, for a total transaction of $205,085.24. Following the completion of the transaction, the insider now owns 10,878,907 shares in the company, valued at approximately $130,764,462.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Atlantic Genpar (Bermu General purchased 78,353 shares of the business’s stock in a transaction dated Friday, November 18th. The shares were purchased at an average price of $9.41 per share, with a total value of $737,301.73. Following the purchase, the director now directly owns 30,274,886 shares in the company, valued at approximately $284,886,677.26. The disclosure for this purchase can be found here. Insiders acquired 1,615,476 shares of company stock worth $18,261,342 in the last quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HRT. Bank of New York Mellon Corp grew its stake in shares of HireRight by 14.7% during the 1st quarter. Bank of New York Mellon Corp now owns 66,612 shares of the company’s stock worth $1,139,000 after acquiring an additional 8,527 shares during the period. MetLife Investment Management LLC grew its stake in shares of HireRight by 55.4% during the 1st quarter. MetLife Investment Management LLC now owns 15,433 shares of the company’s stock worth $264,000 after acquiring an additional 5,503 shares during the period. Rhumbline Advisers grew its stake in shares of HireRight by 36.7% during the 1st quarter. Rhumbline Advisers now owns 23,900 shares of the company’s stock worth $409,000 after acquiring an additional 6,420 shares during the period. BlackRock Inc. grew its stake in shares of HireRight by 2.4% during the 1st quarter. BlackRock Inc. now owns 1,006,910 shares of the company’s stock worth $17,218,000 after acquiring an additional 23,943 shares during the period. Finally, Blair William & Co. IL grew its stake in shares of HireRight by 234.9% during the 1st quarter. Blair William & Co. IL now owns 347,435 shares of the company’s stock worth $5,941,000 after acquiring an additional 243,690 shares during the period.

HireRight Company Profile

(Get Rating)

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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