HireRight (NYSE:HRT) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of HireRight (NYSE:HRT) in a research report released on Sunday morning. The brokerage 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. According to data from MarketBeat.com, HireRight currently has a consensus rating of Hold and an average target price of $12.50.

HireRight Stock Up 0.0 %

Shares of NYSE HRT opened at $14.36 on Friday. The business has a fifty day simple moving average of $14.25 and a 200-day simple moving average of $12.99. The company has a market cap of $40.48 million, a price-to-earnings ratio of -57.42 and a beta of 0.17. HireRight has a 12 month low of $8.50 and a 12 month high of $14.39.

HireRight (NYSE:HRT) last announced its earnings results 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 during the quarter, compared to analyst estimates of $170.35 million.

Hedge Funds Weigh In On HireRight

A number of hedge funds have recently modified their holdings of HRT. Fifth Lane Capital LP purchased a new position in HireRight in the first quarter valued at about $1,427,000. Park West Asset Management LLC acquired a new position in HireRight in the fourth quarter worth approximately $14,668,000. DLD Asset Management LP bought a new position in HireRight during the fourth quarter valued at approximately $370,000. New York State Common Retirement Fund lifted its stake in HireRight by 328.5% in the fourth 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 last quarter. Finally, FNY Investment Advisers LLC bought a new position in shares of HireRight during the 4th quarter valued at $174,000. 12.49% of the stock is owned by institutional investors and hedge funds.

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.