HireRight (NYSE:HRT) Earns Hold Rating from Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of HireRight (NYSE:HRT) in a research report issued on Wednesday. The firm set a “hold” rating on the stock.

Separately, William Blair upgraded HireRight from a “market perform” rating to an “outperform” rating in a research note on Wednesday, May 8th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, HireRight has an average rating of “Hold” and an average target price of $13.00.

HireRight Price Performance

Shares of HRT opened at $14.36 on Wednesday. HireRight has a twelve month low of $8.69 and a twelve month high of $14.39. The company has a market cap of $40.50 million, a price-to-earnings ratio of -57.44 and a beta of 0.17. The company has a 50 day moving average of $14.35 and a two-hundred day moving average of $13.96.

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

Hedge Funds Weigh In On HireRight

Several hedge funds have recently made changes to their positions in HRT. Park West Asset Management LLC acquired a new position in HireRight during the fourth quarter worth approximately $14,668,000. Vanguard Group Inc. raised its position in HireRight by 48.0% in the 1st quarter. Vanguard Group Inc. now owns 925,466 shares of the company’s stock valued at $13,206,000 after purchasing an additional 300,040 shares during the last quarter. Gabelli Funds LLC acquired a new stake in HireRight during the 1st quarter worth $9,926,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of HireRight in the first quarter valued at about $5,682,000. Finally, Fifth Lane Capital LP acquired a new position in HireRight in the 1st quarter valued at about $1,427,000. Hedge funds and other institutional investors 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.