HireRight (NYSE:HRT) Research Coverage Started at StockNews.com

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

Separately, William Blair upgraded HireRight from a market perform rating to an outperform rating in a research note on Wednesday, May 8th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Hold and an average target price of $13.00.

HireRight Price Performance

NYSE HRT opened at $14.36 on Wednesday. The stock’s 50-day moving average is $14.35 and its two-hundred day moving average is $13.96. The firm has a market cap of $40.50 million, a P/E ratio of -57.44 and a beta of 0.17. HireRight has a fifty-two week low of $8.69 and a fifty-two week high of $14.39.

HireRight (NYSE:HRT) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.05. The business 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 have recently added to or reduced their stakes in the company. Virtu Financial LLC grew its position 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 in the last quarter. Beryl Capital Management LLC acquired a new stake in HireRight during the first quarter worth about $1,123,000. Aristides Capital LLC acquired a new stake in HireRight during the first quarter valued at approximately $282,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in HireRight during the first quarter valued at approximately $5,682,000. Finally, Gabelli Funds LLC acquired a new stake in HireRight during the first quarter valued at approximately $9,926,000. 12.49% of the stock is owned by institutional investors and hedge funds.

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.