Analysts Set HireRight Holdings Co. (NYSE:HRT) Target Price at $12.50

Shares of HireRight Holdings Co. (NYSE:HRT) have been given an average recommendation of “Hold” by the five ratings firms that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $12.50.

Several research firms have recently issued reports on HRT. Needham & Company LLC reaffirmed a “hold” rating on shares of HireRight in a research note on Friday, February 16th. StockNews.com began coverage on shares of HireRight in a research note on Friday. They set a “hold” rating for the company.

HireRight Price Performance

HRT stock opened at $14.32 on Tuesday. The company has a 50 day simple moving average of $14.13 and a 200 day simple moving average of $12.67. The stock has a market cap of $40.38 million, a price-to-earnings ratio of -57.28 and a beta of 0.17. HireRight has a 1 year low of $8.50 and a 1 year high of $14.38.

HireRight (NYSE:HRT) last released its quarterly earnings data on Tuesday, March 12th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The company had revenue of $166.04 million for the quarter, compared to analyst estimates of $170.35 million.

Hedge Funds Weigh In On HireRight

A number of hedge funds have recently bought and sold shares of HRT. Jacobs Levy Equity Management Inc. grew its holdings 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 purchasing an additional 94,531 shares during the period. Dark Forest Capital Management LP acquired a new position in shares of HireRight during the third quarter valued at about $118,000. Keybank National Association OH acquired a new position in shares of HireRight during the third quarter valued at about $121,000. Public Employees Retirement System of Ohio acquired a new position in shares of HireRight during the third quarter valued at about $222,000. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of HireRight by 0.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,130,394 shares of the company’s stock valued at $20,260,000 after buying an additional 6,363 shares during the last quarter. 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.