StockNews.com started coverage on shares of HireRight (NYSE:HRT – Free Report) in a research note issued to investors on Saturday morning. The firm issued a hold rating on the stock.
Separately, Needham & Company LLC reaffirmed a hold rating on shares of HireRight in a research note on Friday, February 16th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, HireRight has a consensus rating of Hold and an average target price of $12.50.
View Our Latest Analysis on HRT
HireRight Trading Up 0.2 %
HireRight (NYSE:HRT – Get Free Report) last announced its quarterly earnings data on Tuesday, March 12th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. The company had revenue of $166.04 million during the quarter, compared to analyst estimates of $170.35 million.
Hedge Funds Weigh In On HireRight
Institutional investors have recently modified their holdings of the business. Park West Asset Management LLC bought a new position in HireRight in the fourth quarter valued at about $14,668,000. DLD Asset Management LP bought a new stake in shares of HireRight during the 4th quarter valued at approximately $370,000. New York State Common Retirement Fund increased its position in HireRight by 328.5% during the 4th quarter. New York State Common Retirement Fund now owns 5,125 shares of the company’s stock worth $69,000 after purchasing an additional 3,929 shares in the last quarter. FNY Investment Advisers LLC bought a new position in HireRight in the 4th quarter valued at approximately $174,000. Finally, SG Americas Securities LLC acquired a new stake in HireRight in the fourth quarter valued at approximately $106,000. Institutional investors and hedge funds 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.
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