Other equities analysts have also issued research reports about the stock. Needham & Company LLC restated a buy rating and set a $15.00 price target on shares of HireRight in a research report on Monday, December 11th. Truist Financial increased their target price on shares of HireRight from $10.00 to $11.00 and gave the stock a hold rating in a research report on Wednesday, November 8th. TheStreet upgraded shares of HireRight from a d rating to a c- rating in a research report on Wednesday, November 1st. Finally, William Blair lowered shares of HireRight from an outperform rating to a market perform rating in a research report on Monday, December 11th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and an average price target of $12.63.
HireRight Stock Performance
HireRight (NYSE:HRT – Get Free Report) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.03. The company had revenue of $188.26 million for the quarter, compared to the consensus estimate of $187.57 million.
Hedge Funds Weigh In On HireRight
Large investors have recently modified their holdings of the company. Summit Trail Advisors LLC bought a new position in shares of HireRight in the second quarter valued at approximately $113,000. PEAK6 Investments LLC bought a new position in shares of HireRight in the second quarter valued at approximately $270,000. Caption Management LLC bought a new position in shares of HireRight in the second quarter valued at approximately $356,000. Jennison Associates LLC boosted its position in shares of HireRight by 8.2% in the second quarter. Jennison Associates LLC now owns 1,383,518 shares of the company’s stock valued at $15,648,000 after acquiring an additional 105,265 shares during the period. Finally, Teacher Retirement System of Texas purchased a new stake in HireRight in the second quarter valued at approximately $582,000. 12.49% of the stock is currently owned by institutional investors.
HireRight Holdings Corporation provides technology-driven workforce risk management and compliance solutions worldwide. The company offers background screening, verification, identification, monitoring, and drug and health screening services for customers. It 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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