HireRight (HRT) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for HireRight in the last twelve months. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" HRT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HRT, but not buy additional shares or sell existing shares.
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8 Wall Street research analysts have issued 12 month price objectives for HireRight's shares. Their HRT share price forecasts range from $10.00 to $15.00. On average, they expect the company's share price to reach $12.48 in the next year. This suggests a possible upside of 32.4% from the stock's current price.
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HireRight's stock was trading at $11.86 at the start of the year. Since then, HRT shares have decreased by 20.6% and is now trading at $9.42.
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HireRight saw a increase in short interest in September. As of September 15th, there was short interest totaling 1,340,000 shares, an increase of 7.2% from the August 31st total of 1,250,000 shares. Based on an average daily volume of 248,000 shares, the days-to-cover ratio is presently 5.4 days. Currently, 11.4% of the shares of the company are sold short.
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HireRight Holdings Co. (NYSE:HRT) issued its quarterly earnings results on Tuesday, August, 8th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02. The business had revenue of $192.12 million for the quarter, compared to the consensus estimate of $190.86 million.

HireRight (NYSE:HRT) pays an annual dividend of $0.12 per share and currently has a dividend yield of 0.00%.

HireRight updated its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of $1.05-$1.10 for the period, compared to the consensus earnings per share estimate of $1.32. The company issued revenue guidance of $720.00 million-$735.00 million, compared to the consensus revenue estimate of $728.04 million.

(HRT) raised $500 million in an initial public offering (IPO) on Friday, October 29th 2021. The company issued 22,222,222 shares at $21.00-$24.00 per share.

HireRight trades on the New York Stock Exchange (NYSE) under the ticker symbol "HRT."

HireRight's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Jennison Associates LLC (49.06%), BlackRock Inc. (42.81%), Invenomic Capital Management LP (28.94%), Indaba Capital Management L.P. (14.81%), State Street Corp (13.67%) and Royce & Associates LP (13.48%). Insiders that own company stock include Atlantic Genpar (Bermu General, James Laplaine, Lisa L Troe, Mark F Dzialga, Rjc Gis Holdings Llc and Stone Point Capital Llc.
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Shares of HRT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HRT stock can currently be purchased for approximately $9.42.

HireRight (NYSE:HRT) has a market capitalization of $26.56 million and generates $753.24 million in revenue each year.

The company employs 3,078 workers across the globe.

HireRight's mailing address is 100 Centerview Drive, Suite 300, Nashville, TN 37214, United States. The official website for the company is www.hireright.com. The company can be reached via phone at 615-320-9800.