StockNews.com Initiates Coverage on HireRight (NYSE:HRT)

Analysts at StockNews.com started coverage on shares of HireRight (NYSE:HRT) in a research note issued on Saturday. The brokerage set a “hold” rating on the stock.

Separately, Needham & Company LLC reiterated a “hold” rating on shares of HireRight in a report on Friday, February 16th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $12.50.

HireRight Price Performance

HRT stock opened at $14.29 on Friday. The stock has a market capitalization of $40.30 million, a P/E ratio of -57.16 and a beta of 0.17. The business has a 50-day moving average of $14.23 and a 200-day moving average of $12.78. HireRight has a fifty-two week low of $8.50 and a fifty-two week high of $14.38.

HireRight (NYSE:HRT) last posted its quarterly earnings data on Tuesday, March 12th. The company reported $0.16 earnings per share 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 analyst estimates of $170.35 million.

Institutional Trading of HireRight

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