HireRight (NYSE:HRT) Now Covered by StockNews.com

Research analysts at StockNews.com began coverage on shares of HireRight (NYSE:HRT) in a research note issued on Thursday. The firm set a “hold” rating on the stock.

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

HireRight Price Performance

Shares of HireRight stock opened at $14.27 on Thursday. HireRight has a fifty-two week low of $8.50 and a fifty-two week high of $14.38. The firm has a market capitalization of $40.24 million, a P/E ratio of -57.08 and a beta of 0.17. The company’s 50 day moving average price is $13.87 and its two-hundred day moving average price is $12.40.

HireRight (NYSE:HRT) last released its earnings results on Tuesday, March 12th. The company reported $0.16 earnings per share (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.

Institutional Trading of HireRight

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. increased its holdings in shares of HireRight by 2.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,879,403 shares of the company’s stock worth $27,383,000 after buying an additional 77,662 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of HireRight by 0.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,130,394 shares of the company’s stock worth $20,260,000 after purchasing an additional 6,363 shares during the period. Jennison Associates LLC lifted its position in shares of HireRight by 14.0% in the 3rd quarter. Jennison Associates LLC now owns 1,576,599 shares of the company’s stock worth $14,993,000 after purchasing an additional 193,081 shares during the period. Vanguard Group Inc. lifted its position in shares of HireRight by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,245,691 shares of the company’s stock worth $19,009,000 after purchasing an additional 9,145 shares during the period. Finally, Park West Asset Management LLC bought a new position in shares of HireRight during the fourth quarter valued at approximately $14,668,000. Institutional investors own 12.49% of the company’s stock.

HireRight Company Profile

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.