HireRight Holdings Co. (NYSE:HRT) Given Consensus Recommendation of “Hold” by Brokerages

HireRight Holdings Co. (NYSE:HRTGet Free Report) has been assigned an average recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $12.63.

HRT has been the topic of a number of analyst reports. StockNews.com initiated coverage on shares of HireRight in a research note on Tuesday, January 30th. They set a “hold” rating on the stock. William Blair downgraded shares of HireRight from an “outperform” rating to a “market perform” rating in a research note on Monday, December 11th. Truist Financial lifted their target price on shares of HireRight from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Wednesday, November 8th. TheStreet raised shares of HireRight from a “d” rating to a “c-” rating in a research note on Wednesday, November 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 target price on shares of HireRight in a research note on Monday, December 11th.

Check Out Our Latest Report on HRT

Hedge Funds Weigh In On HireRight

A number of institutional investors and hedge funds have recently made changes to their positions in HRT. Charles Schwab Investment Management Inc. lifted its holdings in shares of HireRight by 0.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 147,470 shares of the company’s stock worth $1,565,000 after acquiring an additional 1,052 shares during the period. Wells Fargo & Company MN grew its stake in HireRight by 20.8% in the second quarter. Wells Fargo & Company MN now owns 8,736 shares of the company’s stock worth $99,000 after purchasing an additional 1,503 shares in the last quarter. Rhumbline Advisers lifted its holdings in HireRight by 6.8% during the 1st quarter. Rhumbline Advisers now owns 27,840 shares of the company’s stock worth $295,000 after buying an additional 1,761 shares during the last quarter. Susquehanna International Group LLP lifted its holdings in shares of HireRight by 17.4% in the 1st quarter. Susquehanna International Group LLP now owns 15,241 shares of the company’s stock worth $162,000 after purchasing an additional 2,257 shares during the last quarter. Finally, Ensign Peak Advisors Inc bought a new stake in shares of HireRight in the 3rd quarter worth approximately $35,000. 12.49% of the stock is owned by institutional investors and hedge funds.

HireRight Price Performance

NYSE:HRT opened at $12.46 on Thursday. The firm has a market capitalization of $35.14 million, a P/E ratio of -49.84 and a beta of 0.17. HireRight has a 1-year low of $8.50 and a 1-year high of $14.00. The company’s fifty day moving average price is $12.96 and its 200-day moving average price is $11.17.

HireRight (NYSE:HRTGet Free Report) last announced its earnings results on Tuesday, November 7th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.03. The company had revenue of $188.26 million during the quarter, compared to analyst estimates of $187.57 million.

HireRight Company Profile

(Get Free Report

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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Analyst Recommendations for HireRight (NYSE:HRT)

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