HireRight (NYSE:HRT) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of HireRight (NYSE:HRT) in a research report issued to clients and investors on Sunday. The brokerage set a “hold” rating on the stock.

Separately, William Blair upgraded shares of HireRight from a “market perform” rating to an “outperform” rating in a research report on Wednesday, May 8th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average 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 firm has a fifty day moving average of $14.33 and a two-hundred day moving average of $13.83. The stock has a market capitalization of $40.50 million, a price-to-earnings ratio of -57.44 and a beta of 0.17. HireRight has a 52 week low of $8.69 and a 52 week high of $14.39.

HireRight (NYSE:HRT) last issued its earnings results on Tuesday, May 7th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.12 by $0.05. The business had revenue of $173.20 million for the quarter, compared to the consensus estimate of $170.20 million.

Hedge Funds Weigh In On HireRight

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Park West Asset Management LLC acquired a new position in HireRight in the 4th quarter worth $14,668,000. Vanguard Group Inc. boosted its stake in HireRight by 48.0% in the 1st quarter. Vanguard Group Inc. now owns 925,466 shares of the company’s stock worth $13,206,000 after purchasing an additional 300,040 shares during the period. Gabelli Funds LLC acquired a new position in HireRight in the 1st quarter worth $9,926,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in HireRight in the 1st quarter worth $5,682,000. Finally, Jacobs Levy Equity Management Inc. boosted its stake in HireRight by 37.6% in the 3rd 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. 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.