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

Research analysts at StockNews.com initiated coverage on shares of HireRight (NYSE:HRT) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the stock.

Separately, William Blair upgraded 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 issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $13.00.

HireRight Price Performance

NYSE:HRT opened at $14.36 on Friday. The firm has a market cap of $40.50 million, a PE ratio of -57.44 and a beta of 0.17. HireRight has a 12 month low of $8.69 and a 12 month high of $14.39. The company’s 50-day moving average price is $14.33 and its two-hundred day moving average price is $13.82.

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

Institutional Investors Weigh In On HireRight

A number of institutional investors and hedge funds have recently modified their holdings of the business. Virtu Financial LLC raised its stake in shares of HireRight by 20.5% during the first quarter. Virtu Financial LLC now owns 12,190 shares of the company’s stock worth $174,000 after buying an additional 2,072 shares during the last quarter. Beryl Capital Management LLC bought a new stake in HireRight in the first quarter valued at approximately $1,123,000. Aristides Capital LLC bought a new stake in HireRight in the first quarter valued at approximately $282,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in HireRight in the first quarter valued at approximately $5,682,000. Finally, Gabelli Funds LLC bought a new stake in HireRight in the first quarter valued at approximately $9,926,000. 12.49% of the stock is owned by institutional investors.

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.