Initiates Coverage on HireRight (NYSE:HRT) began coverage on shares of HireRight (NYSE:HRTFree Report) in a research note released on Tuesday morning. The firm issued a hold rating on the stock.

Several other research analysts have also recently issued reports on HRT. William Blair upgraded HireRight from a market perform rating to an outperform rating in a research report on Wednesday, May 8th. Needham & Company LLC reissued a hold rating on shares of HireRight in a report on Friday, February 16th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from, the company presently has an average rating of Hold and an average target price of $13.00.

Read Our Latest Analysis on HireRight

HireRight Stock Performance

NYSE:HRT opened at $14.35 on Tuesday. The stock has a fifty day moving average price of $14.28 and a two-hundred day moving average price of $13.33. The stock has a market capitalization of $40.45 million, a price-to-earnings ratio of -57.38 and a beta of 0.17. HireRight has a 1 year low of $8.69 and a 1 year high of $14.39.

HireRight (NYSE:HRTGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.05. The business had revenue of $173.20 million during the quarter, compared to analysts’ expectations of $170.20 million.

Institutional Trading of HireRight

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC increased its position in HireRight by 20.5% during the 1st quarter. Virtu Financial LLC now owns 12,190 shares of the company’s stock worth $174,000 after purchasing an additional 2,072 shares in the last quarter. Beryl Capital Management LLC purchased a new stake in HireRight during the 1st quarter worth about $1,123,000. Aristides Capital LLC purchased a new stake in HireRight during the 1st quarter worth about $282,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in HireRight during the 1st quarter worth about $5,682,000. Finally, Gabelli Funds LLC purchased a new stake in HireRight during the 1st quarter worth about $9,926,000. Hedge funds and other institutional investors own 12.49% of the company’s stock.

HireRight Company Profile

(Get Free Report)

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.

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