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

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

Several other brokerages also recently commented on HRT. William Blair upgraded shares of HireRight from a market perform rating to an outperform rating in a report on Wednesday, May 8th. Needham & Company LLC reiterated a hold rating on shares of HireRight in a report on Friday, February 16th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $13.00.

HireRight Stock Up 0.1 %

HRT stock opened at $14.35 on Friday. HireRight has a 12-month low of $8.69 and a 12-month high of $14.39. The company has a market cap of $40.47 million, a price-to-earnings ratio of -57.40 and a beta of 0.17. The company has a 50 day moving average of $14.31 and a two-hundred day moving average of $13.75.

HireRight (NYSE:HRT) last released its earnings results on Tuesday, May 7th. The company reported $0.17 earnings per share (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.

Institutional Trading of HireRight

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC grew its stake in 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 buying an additional 2,072 shares during the last quarter. Beryl Capital Management LLC bought a new stake in HireRight during the first quarter worth about $1,123,000. Aristides Capital LLC bought a new stake in HireRight during the first quarter worth about $282,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in HireRight during the first quarter worth about $5,682,000. Finally, Gabelli Funds LLC bought a new stake in HireRight during the first quarter worth about $9,926,000. 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.