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

Shares of HireRight Holdings Co. (NYSE:HRT) have been assigned a consensus rating of “Hold” from the five analysts that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $13.00.

HRT has been the topic of several recent research reports. William Blair raised HireRight from a “market perform” rating to an “outperform” rating in a research report on Wednesday, May 8th. Needham & Company LLC reiterated a “hold” rating on shares of HireRight in a report on Friday, February 16th. Finally, StockNews.com started coverage on HireRight in a report on Monday. They set a “hold” rating for the company.

HireRight Trading Up 0.2 %

Shares of HireRight stock opened at $14.34 on Friday. The stock’s fifty day moving average price is $14.27 and its 200-day moving average price is $13.16. The firm has a market cap of $40.42 million, a P/E ratio of -57.34 and a beta of 0.17. HireRight has a 12 month low of $8.69 and a 12 month high of $14.39.

HireRight (NYSE:HRT) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.12 by $0.05. The business had revenue of $173.20 million during the quarter, compared to the consensus estimate of $170.20 million.

Hedge Funds Weigh In On HireRight

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aristides Capital LLC acquired a new position in shares of HireRight in the first quarter valued at about $282,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in HireRight in the first quarter valued at approximately $5,682,000. Gabelli Funds LLC acquired a new position in HireRight in the 1st quarter worth approximately $9,926,000. Gamco Investors INC. ET AL purchased a new position in HireRight during the 1st quarter worth approximately $422,000. Finally, Vanguard Group Inc. lifted its stake in HireRight by 48.0% during the 1st quarter. Vanguard Group Inc. now owns 925,466 shares of the company’s stock valued at $13,206,000 after acquiring an additional 300,040 shares during the period. Hedge funds and other 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.