HireRight Holdings Co. (NYSE:HRT) Given Average Rating of “Hold” by Brokerages

HireRight Holdings Co. (NYSE:HRT) has been given an average rating of “Hold” by the five analysts that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $12.50.

A number of research analysts have commented on the stock. Needham & Company LLC restated a “hold” rating on shares of HireRight in a research note on Friday, February 16th. StockNews.com assumed coverage on shares of HireRight in a research note on Friday. They set a “hold” rating for the company.

HireRight Stock Performance

NYSE HRT opened at $14.32 on Tuesday. The stock has a market cap of $40.38 million, a PE ratio of -57.28 and a beta of 0.17. HireRight has a twelve month low of $8.50 and a twelve month high of $14.38. The firm has a 50-day simple moving average of $14.13 and a 200 day simple moving average of $12.67.

HireRight (NYSE:HRT) last announced its quarterly earnings results on Tuesday, March 12th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The business had revenue of $166.04 million for the quarter, compared to the consensus estimate of $170.35 million.

Institutional Trading of HireRight

Several hedge funds have recently modified their holdings of HRT. Bank of New York Mellon Corp increased its holdings in shares of HireRight by 2.8% during the third quarter. Bank of New York Mellon Corp now owns 167,841 shares of the company’s stock worth $1,596,000 after buying an additional 4,548 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of HireRight by 14.0% in the third quarter. Jennison Associates LLC now owns 1,576,599 shares of the company’s stock valued at $14,993,000 after purchasing an additional 193,081 shares in the last quarter. Keybank National Association OH acquired a new stake in shares of HireRight in the third quarter valued at approximately $121,000. Massachusetts Financial Services Co. MA increased its holdings in shares of HireRight by 0.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,130,394 shares of the company’s stock valued at $20,260,000 after purchasing an additional 6,363 shares in the last quarter. Finally, Dark Forest Capital Management LP acquired a new stake in shares of HireRight in the third quarter valued at approximately $118,000. Institutional investors and hedge funds 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.