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

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

Separately, Needham & Company LLC restated a hold rating on shares of HireRight in a report on Friday, February 16th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $12.50.

HireRight Stock Performance

Shares of NYSE HRT opened at $14.25 on Friday. The business’s 50 day moving average price is $14.07 and its 200-day moving average price is $12.58. HireRight has a fifty-two week low of $8.50 and a fifty-two week high of $14.38. The company has a market cap of $40.17 million, a price-to-earnings ratio of -56.98 and a beta of 0.17.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HRT. Ensign Peak Advisors Inc purchased a new position in shares of HireRight in the 3rd quarter valued at $35,000. Citigroup Inc. increased its holdings in shares of HireRight by 727.5% in the 2nd quarter. Citigroup Inc. now owns 4,957 shares of the company’s stock valued at $56,000 after acquiring an additional 4,358 shares during the period. New York State Common Retirement Fund increased its holdings in shares of HireRight by 328.5% in the 4th quarter. New York State Common Retirement Fund now owns 5,125 shares of the company’s stock valued at $69,000 after acquiring an additional 3,929 shares during the period. State of Wyoming purchased a new position in shares of HireRight in the 4th quarter valued at $72,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of HireRight by 472.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 10,180 shares of the company’s stock valued at $97,000 after acquiring an additional 8,402 shares during the period. 12.49% of the stock is currently owned by hedge funds and other institutional investors.

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.