HireRight (NYSE:HRT) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of HireRight (NYSE:HRT) in a research report released on Tuesday morning. The brokerage issued a hold rating on the stock.

Several other equities research analysts have also issued reports on HRT. Needham & Company LLC reaffirmed a hold rating on shares of HireRight in a research note on Friday, February 16th. William Blair upgraded HireRight from a market perform rating to an outperform rating in a report on Wednesday, May 8th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Hold and an average price target of $13.00.

HireRight Price Performance

Shares of HRT stock opened at $14.34 on Tuesday. The firm has a market cap of $40.42 million, a P/E ratio of -57.32 and a beta of 0.17. HireRight has a fifty-two week low of $8.69 and a fifty-two week high of $14.39. The stock’s 50-day moving average is $14.29 and its two-hundred day moving average is $13.35.

HireRight (NYSE:HRT) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.05. The firm had revenue of $173.20 million during the quarter, compared to analyst estimates of $170.20 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Park West Asset Management LLC bought a new position in shares of HireRight in the fourth quarter worth about $14,668,000. Gabelli Funds LLC acquired a new stake in HireRight in the 1st quarter valued at approximately $9,926,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in HireRight in the 1st quarter worth approximately $5,682,000. Vanguard Group Inc. lifted its holdings in shares of HireRight by 48.0% during the first quarter. Vanguard Group Inc. now owns 925,466 shares of the company’s stock worth $13,206,000 after buying an additional 300,040 shares during the last quarter. Finally, Advantage Alpha Capital Partners LP boosted its position in shares of HireRight by 106.2% in the third quarter. Advantage Alpha Capital Partners LP now owns 459,607 shares of the company’s stock valued at $4,371,000 after acquiring an additional 236,675 shares during the period. Institutional investors and hedge funds 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.