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

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

A number of equities analysts recently commented on the company. Needham & Company LLC reiterated a “hold” rating on shares of HireRight in a research report on Friday, February 16th. William Blair downgraded HireRight from an “outperform” rating to a “market perform” rating in a research report on Monday, December 11th. Finally, StockNews.com initiated coverage on HireRight in a research report on Tuesday. They issued a “hold” rating on the stock.

HireRight Stock Performance

HireRight stock opened at $14.27 on Friday. The stock has a 50-day moving average of $13.58 and a two-hundred day moving average of $12.07. HireRight has a one year low of $8.50 and a one year high of $14.35. The stock has a market cap of $40.23 million, a PE ratio of -57.06 and a beta of 0.17.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ensign Peak Advisors Inc acquired a new position in HireRight during the 3rd quarter worth $35,000. Citigroup Inc. boosted its holdings in shares of HireRight by 727.5% during the second quarter. Citigroup Inc. now owns 4,957 shares of the company’s stock worth $56,000 after purchasing an additional 4,358 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in shares of HireRight by 328.5% during the fourth quarter. New York State Common Retirement Fund now owns 5,125 shares of the company’s stock worth $69,000 after purchasing an additional 3,929 shares during the last quarter. State of Wyoming acquired a new stake in shares of HireRight during the fourth quarter worth $72,000. Finally, Quantbot Technologies LP acquired a new stake in shares of HireRight during the first quarter worth $120,000. 12.49% of the stock is owned by institutional investors and hedge funds.

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.