HireRight (NYSE:HRT) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of HireRight (NYSE:HRT) in a research note published on Thursday. The brokerage issued a hold rating on the stock.

Separately, Needham & Company LLC reaffirmed a hold rating on shares of HireRight in a research note on Friday, February 16th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average price target of $12.50.

HireRight Price Performance

Shares of NYSE HRT opened at $14.24 on Thursday. The company has a market cap of $40.16 million, a P/E ratio of -56.96 and a beta of 0.17. HireRight has a 1 year low of $8.50 and a 1 year high of $14.38. The firm has a 50-day simple moving average of $13.90 and a two-hundred day simple moving average of $12.41.

HireRight (NYSE:HRT) last posted its quarterly earnings results on Tuesday, March 12th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. The company had revenue of $166.04 million for the quarter, compared to the consensus estimate of $170.35 million.

Hedge Funds Weigh In On HireRight

Large investors have recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. raised its stake in HireRight by 37.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 345,620 shares of the company’s stock worth $3,287,000 after buying an additional 94,531 shares in the last quarter. Dark Forest Capital Management LP bought a new position in HireRight in the third quarter worth approximately $118,000. Keybank National Association OH bought a new position in HireRight in the third quarter worth approximately $121,000. Public Employees Retirement System of Ohio bought a new position in HireRight in the third quarter worth approximately $222,000. Finally, Massachusetts Financial Services Co. MA raised its stake in HireRight by 0.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,130,394 shares of the company’s stock worth $20,260,000 after buying an additional 6,363 shares in the last quarter. Institutional investors own 12.49% of the company’s stock.

About HireRight

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.