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

Analysts at StockNews.com began coverage on shares of HireRight (NYSE:HRT) in a note issued to investors on Friday. The brokerage set a “hold” rating on the stock.

Separately, Needham & Company LLC reiterated a “hold” rating on shares of HireRight in a research report on Friday, February 16th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, HireRight presently has an average rating of “Hold” and a consensus target price of $12.50.

HireRight Trading Up 0.1 %

HRT opened at $14.25 on Friday. HireRight has a 1-year low of $8.50 and a 1-year high of $14.38. The stock’s fifty day simple moving average is $14.04 and its 200 day simple moving average is $12.57. The stock has a market cap of $40.19 million, a PE ratio of -57.00 and a beta of 0.17.

HireRight (NYSE:HRT) last posted its quarterly earnings results on Tuesday, March 12th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates 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.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HRT. Bank of New York Mellon Corp increased its position in shares of HireRight by 14.7% in the first quarter. Bank of New York Mellon Corp now owns 66,612 shares of the company’s stock worth $1,139,000 after purchasing an additional 8,527 shares during the period. MetLife Investment Management LLC boosted its stake in HireRight by 55.4% in the first quarter. MetLife Investment Management LLC now owns 15,433 shares of the company’s stock valued at $264,000 after buying an additional 5,503 shares in the last quarter. Rhumbline Advisers boosted its stake in HireRight by 36.7% in the first quarter. Rhumbline Advisers now owns 23,900 shares of the company’s stock valued at $409,000 after buying an additional 6,420 shares in the last quarter. BlackRock Inc. boosted its stake in HireRight by 2.4% in the first quarter. BlackRock Inc. now owns 1,006,910 shares of the company’s stock valued at $17,218,000 after buying an additional 23,943 shares in the last quarter. Finally, Blair William & Co. IL boosted its stake 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 buying an additional 243,690 shares in the last quarter. 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.