StockNews.com Begins Coverage on HireRight (NYSE:HRT)

StockNews.com began coverage on shares of HireRight (NYSE:HRT) in a research note released on Sunday morning. The firm issued a hold rating on the stock.

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

HireRight Price Performance

Shares of HRT opened at $14.36 on Friday. The business’s 50-day moving average price is $14.33 and its 200-day moving average price is $13.84. HireRight has a twelve month low of $8.69 and a twelve month high of $14.39. The stock has a market cap of $40.50 million, a PE ratio of -57.44 and a beta of 0.17.

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

Institutional Trading of HireRight

Several hedge funds and other institutional investors have recently bought and sold shares of HRT. Dark Forest Capital Management LP purchased a new stake in HireRight in the third quarter worth approximately $118,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of HireRight by 57.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 33,747 shares of the company’s stock valued at $321,000 after purchasing an additional 12,273 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in shares of HireRight by 37.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 345,620 shares of the company’s stock valued at $3,287,000 after purchasing an additional 94,531 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of HireRight during the third quarter valued at approximately $222,000. Finally, SG Americas Securities LLC purchased a new stake in shares of HireRight during the fourth quarter valued at approximately $106,000. 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.