HireRight (NYSE:HRT) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of HireRight (NYSE:HRTFree Report) in a research note issued to investors on Monday. The brokerage issued a hold rating on the stock.

Separately, William Blair raised shares of HireRight from a market perform rating to an outperform rating in a research report on Wednesday, May 8th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, HireRight currently has a consensus rating of Hold and an average price target of $13.00.

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HireRight Stock Performance

Shares of NYSE:HRT opened at $14.36 on Monday. HireRight has a fifty-two week low of $8.69 and a fifty-two week high of $14.39. The business has a 50-day simple moving average of $14.34 and a two-hundred day simple moving average of $13.88. The firm has a market cap of $40.50 million, a price-to-earnings ratio of -57.44 and a beta of 0.17.

HireRight (NYSE:HRTGet Free Report) last issued its earnings results on Tuesday, May 7th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.05. The business had revenue of $173.20 million during the quarter, compared to analysts’ expectations of $170.20 million.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Park West Asset Management LLC bought a new position in shares of HireRight during the 4th quarter valued at approximately $14,668,000. Vanguard Group Inc. lifted its position in HireRight by 48.0% in the first quarter. Vanguard Group Inc. now owns 925,466 shares of the company’s stock worth $13,206,000 after buying an additional 300,040 shares during the last quarter. Gabelli Funds LLC bought a new stake in HireRight in the first quarter worth $9,926,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in HireRight in the first quarter worth $5,682,000. Finally, Jacobs Levy Equity Management Inc. lifted its position in HireRight by 37.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 345,620 shares of the company’s stock worth $3,287,000 after buying an additional 94,531 shares during the last quarter. 12.49% of the stock is currently owned by institutional investors.

About HireRight

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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.

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Analyst Recommendations for HireRight (NYSE:HRT)

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