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

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

Separately, Needham & Company LLC restated a hold rating on shares of HireRight in a report on Friday, February 16th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $12.50.

HireRight Price Performance

Shares of HireRight stock opened at $14.25 on Friday. The stock has a market cap of $40.17 million, a P/E ratio of -56.98 and a beta of 0.17. The stock’s 50 day simple moving average is $14.07 and its 200-day simple moving average is $12.58. HireRight has a 1-year low of $8.50 and a 1-year high of $14.38.

HireRight (NYSE:HRT) last issued its earnings results on Tuesday, March 12th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. The company had revenue of $166.04 million for the quarter, compared to analyst estimates of $170.35 million.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HRT. Park West Asset Management LLC acquired a new position in HireRight in the fourth quarter valued at approximately $14,668,000. Blair William & Co. IL lifted its holdings in HireRight by 234.9% in the first quarter. Blair William & Co. IL now owns 347,435 shares of the company’s stock valued at $5,941,000 after acquiring an additional 243,690 shares during the last quarter. Advantage Alpha Capital Partners LP lifted its holdings in 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 last quarter. Dimensional Fund Advisors LP acquired a new position in HireRight in the second quarter valued at approximately $2,577,000. Finally, Deutsche Bank AG lifted its holdings in HireRight by 2,006.5% in the fourth quarter. Deutsche Bank AG now owns 215,154 shares of the company’s stock valued at $2,552,000 after acquiring an additional 204,940 shares during the last quarter. 12.49% of the stock is currently 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.