HireRight Holdings Co. (NYSE:HRT) Receives Consensus Rating of “Hold” from Brokerages

HireRight Holdings Co. (NYSE:HRT) has received an average recommendation of “Hold” from the five brokerages that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $12.50.

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

Hedge Funds Weigh In On HireRight

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ensign Peak Advisors Inc acquired a new position in HireRight in the 3rd quarter worth approximately $35,000. Citigroup Inc. lifted its position in HireRight by 727.5% in the 2nd quarter. Citigroup Inc. now owns 4,957 shares of the company’s stock worth $56,000 after buying an additional 4,358 shares in the last quarter. New York State Common Retirement Fund lifted its position in HireRight by 328.5% in the 4th quarter. New York State Common Retirement Fund now owns 5,125 shares of the company’s stock worth $69,000 after buying an additional 3,929 shares in the last quarter. State of Wyoming purchased a new stake in HireRight in the 4th quarter worth approximately $72,000. Finally, Quantbot Technologies LP purchased a new stake in HireRight in the 1st quarter worth approximately $120,000. Institutional investors and hedge funds own 12.49% of the company’s stock.

HireRight Stock Performance

Shares of NYSE:HRT opened at $14.24 on Tuesday. The firm’s 50 day moving average is $13.97 and its two-hundred day moving average is $12.52. HireRight has a 52 week low of $8.50 and a 52 week high of $14.38. The firm has a market capitalization of $40.16 million, a P/E ratio of -56.96 and a beta of 0.17.

HireRight (NYSE:HRT) last announced its quarterly earnings results on Tuesday, March 12th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm had revenue of $166.04 million during the quarter, compared to analyst estimates 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.