HireRight Holdings Co. (NYSE:HRT) Receives $12.50 Consensus Target Price from Analysts

HireRight Holdings Co. (NYSE:HRT) has been assigned a consensus rating of “Hold” from the five brokerages that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $12.50.

Several brokerages recently weighed in on HRT. StockNews.com initiated coverage on shares of HireRight in a report on Thursday, April 11th. They issued a “hold” rating on the stock. Needham & Company LLC reiterated a “hold” rating on shares of HireRight in a report on Friday, February 16th.

Institutional Investors Weigh In On HireRight

Hedge funds have recently modified their holdings of the business. Ameriprise Financial Inc. grew its position in HireRight by 2.8% in the third quarter. Ameriprise Financial Inc. now owns 2,879,403 shares of the company’s stock valued at $27,383,000 after purchasing an additional 77,662 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of HireRight by 0.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,130,394 shares of the company’s stock valued at $20,260,000 after acquiring an additional 6,363 shares in the last quarter. Jennison Associates LLC increased its position in shares of HireRight by 14.0% in the third quarter. Jennison Associates LLC now owns 1,576,599 shares of the company’s stock valued at $14,993,000 after acquiring an additional 193,081 shares during the last quarter. Vanguard Group Inc. raised its holdings in HireRight by 0.7% during the third quarter. Vanguard Group Inc. now owns 1,245,691 shares of the company’s stock worth $19,009,000 after acquiring an additional 9,145 shares in the last quarter. Finally, Park West Asset Management LLC bought a new stake in HireRight during the fourth quarter worth about $14,668,000. Institutional investors and hedge funds own 12.49% of the company’s stock.

HireRight Stock Performance

Shares of HRT stock opened at $14.25 on Tuesday. The stock has a market capitalization of $40.19 million, a PE ratio of -57.00 and a beta of 0.17. HireRight has a 52 week low of $8.50 and a 52 week high of $14.38. The stock’s fifty day moving average is $14.04 and its 200-day moving average is $12.57.

HireRight (NYSE:HRT) last issued its quarterly earnings results on Tuesday, March 12th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates 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.

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.