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

StockNews.com assumed coverage on shares of HireRight (NYSE:HRT) in a research report sent to investors on Sunday morning. The firm issued a hold rating on the stock.

Separately, 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 given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $13.00.

HireRight Stock Performance

Shares of HireRight stock opened at $14.36 on Friday. The stock has a market cap of $40.50 million, a price-to-earnings ratio of -57.44 and a beta of 0.17. The stock has a 50 day moving average price of $14.33 and a 200-day moving average price of $13.84. HireRight has a one year low of $8.69 and a one year high of $14.39.

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

Hedge Funds Weigh In On HireRight

A number of large investors have recently bought and sold shares of HRT. Park West Asset Management LLC purchased a new position in HireRight during the 4th quarter valued at $14,668,000. Gabelli Funds LLC bought a new stake in HireRight during the 1st quarter valued at $9,926,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in HireRight during the 1st quarter valued at $5,682,000. Vanguard Group Inc. raised its position in HireRight by 48.0% during the 1st quarter. Vanguard Group Inc. now owns 925,466 shares of the company’s stock valued at $13,206,000 after purchasing an additional 300,040 shares in the last quarter. Finally, Fifth Lane Capital LP bought a new stake in HireRight during the 1st quarter valued at $1,427,000. Hedge funds and other 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.