Analysts Set HireRight Holdings Co. (NYSE:HRT) Price Target at $12.50

HireRight Holdings Co. (NYSE:HRT) has received a consensus recommendation of “Hold” from the five research firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $12.50.

Several equities analysts have recently weighed in on the company. StockNews.com assumed coverage on HireRight in a research report on Thursday, April 11th. They issued a “hold” rating for the company. Needham & Company LLC restated a “hold” rating on shares of HireRight in a research note on Friday, February 16th.

Institutional Investors Weigh In On HireRight

Several large investors have recently added to or reduced their stakes in the business. Ensign Peak Advisors Inc purchased a new position in HireRight in the third quarter worth $35,000. Citigroup Inc. lifted its stake in HireRight by 727.5% in the second quarter. Citigroup Inc. now owns 4,957 shares of the company’s stock worth $56,000 after acquiring an additional 4,358 shares during the period. New York State Common Retirement Fund boosted its holdings in HireRight by 328.5% in the fourth quarter. New York State Common Retirement Fund now owns 5,125 shares of the company’s stock valued at $69,000 after acquiring an additional 3,929 shares in the last quarter. State of Wyoming purchased a new stake in shares of HireRight in the 4th quarter worth about $72,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of HireRight by 472.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 10,180 shares of the company’s stock valued at $97,000 after purchasing an additional 8,402 shares in the last quarter. Institutional investors own 12.49% of the company’s stock.

HireRight Stock Up 0.1 %

Shares of NYSE:HRT opened at $14.25 on Tuesday. The company has a 50-day moving average price of $14.04 and a two-hundred day moving average price of $12.57. HireRight has a twelve month low of $8.50 and a twelve month high of $14.38. The firm has a market capitalization of $40.19 million, a PE ratio of -57.00 and a beta of 0.17.

HireRight (NYSE:HRT) last released its quarterly earnings data on Tuesday, March 12th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. The business had revenue of $166.04 million during the quarter, compared to the consensus estimate of $170.35 million.

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.