HireRight (NYSE:HRT) Now Covered by StockNews.com

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

Separately, William Blair raised shares of HireRight from a market perform rating to an outperform rating in a report on Wednesday, May 8th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, HireRight has an average rating of Hold and a consensus target price of $13.00.

HireRight Stock Performance

Shares of NYSE:HRT opened at $14.36 on Friday. HireRight has a 52-week low of $8.69 and a 52-week high of $14.39. The company has a market capitalization of $40.50 million, a P/E ratio of -57.44 and a beta of 0.17. The company has a 50-day simple moving average of $14.32 and a 200 day simple moving average of $13.79.

HireRight (NYSE:HRT) last issued its earnings results on Tuesday, May 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate 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

Large investors have recently bought and sold shares of the stock. New York State Common Retirement Fund raised its holdings in 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. SG Americas Securities LLC bought a new position in shares of HireRight during the fourth quarter worth approximately $106,000. Virtu Financial LLC increased its holdings in shares of HireRight by 20.5% during the first quarter. Virtu Financial LLC now owns 12,190 shares of the company’s stock worth $174,000 after purchasing an additional 2,072 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. Finally, FNY Investment Advisers LLC bought a new position in shares of HireRight during the fourth quarter worth approximately $174,000. 12.49% of the stock is owned by 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.