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

Investment analysts at StockNews.com initiated coverage on shares of HireRight (NYSE:HRT) in a report released on Wednesday. The firm 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 report on Wednesday, May 8th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, HireRight has a consensus rating of “Hold” and a consensus price target of $13.00.

HireRight Stock Performance

HireRight stock opened at $14.36 on Wednesday. HireRight has a 1-year low of $8.69 and a 1-year high of $14.39. The firm has a market capitalization of $40.50 million, a PE ratio of -57.44 and a beta of 0.17. The firm’s 50 day simple moving average is $14.35 and its 200 day simple moving average is $13.96.

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

Institutional Investors Weigh In On HireRight

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