HireRight Holdings Corporation provides technology-driven workforce risk management and compliance solutions. It offers background screening, verification, identification, monitoring, and drug and health screening services for customers worldwide. It offers its services via software and data platform that integrates into its customers' HCM systems enabling workflows for workforce hiring, onboarding, and monitoring. The company was founded in 1990 and is based in Nashville, Tennessee.
IPO Year: 2021
Exchange: NYSE
Website: hireright.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/8/2024 | Mkt Perform → Outperform | William Blair | |
| 9/14/2023 | Peer Perform | Wolfe Research | |
| 1/19/2023 | $12.00 | Buy → Hold | Stifel |
| 11/11/2022 | $22.00 → $9.00 | Overweight → Equal Weight | Barclays |
| 11/4/2022 | $15.00 → $12.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 9/21/2022 | $22.00 | Buy | Needham |
| 11/23/2021 | $26.00 | Outperform | Robert W. Baird |
| 11/23/2021 | $21.00 | Buy | Stifel |
| 11/23/2021 | $23.00 | Buy | Jefferies |
| 11/23/2021 | Outperform | William Blair |
HireRight (NYSE:HRT), a leading provider of global background screening services and workforce solutions, is pleased to announce that Stephen Spears has taken over the role of Chief Revenue Officer (CRO) at HireRight with immediate effect. His appointment follows the retirement of Steve Girdler, the company's previous CRO, who will be staying on with the company in an advisory capacity until early 2024. Reporting to HireRight President and CEO, Guy Abramo, Mr. Spears will lead HireRight's Go-to-Market and Customer Service organization, with a focus on leading the company's long-term competitive strategy and initiatives to drive growth and support customer retention. In addition to these r
HireRight Holdings Corporation (NYSE:HRT) today announced the appointment of Venkat Bhamidipati to its Board of Directors, effective immediately. He will also serve on HireRight's Audit Committee. Mr. Bhamidipati most recently held the role of executive vice president and chief financial officer at McAfee Corp. until its acquisition in 2022. In this role, he oversaw the finance, IT, and security operations strategy and teams that supported McAfee's business worldwide. "Venkat is known for being a strategic and hands-on operational business leader, and we are thrilled to welcome him to HireRight," said Guy Abramo, HireRight's Chief Executive Officer. "His experience delivering results in f
HireRight Holdings Corporation (NYSE:HRT), ("HireRight" or the "company") today announced the appointment of Larry Kutscher to the company's Board of Directors, effective today, Monday, February 13, 2023. He will also serve on HireRight's Nominating and Governance Committee. Mr. Kutscher, who is currently the Chief Executive Officer of A Place For Mom, Inc., the leading technology-driven senior living referral platform and advisory service, will contribute his substantial executive leadership experience driving transformational growth for data and technology companies. "We are thrilled to welcome Larry, whose long history of operational and data-focused leadership will prove invaluable dur
HireRight (NYSE:HRT) today announced the appointment of James LaPlaine to the company's Board of Directors. He will also serve on the Board's Privacy and Cybersecurity Committee. Mr. LaPlaine, the former EVP and Chief Technology Officer of Red Ventures, LLC, will contribute a deep understanding of technology strategy and solutions execution that will support the important strides HireRight continues to make in technology and process automation, technology-driven workforce risk management, and compliance solutions. "We are thrilled to welcome James, who not only understands our current infrastructure but also shares our vision of the future of our technology platform and systems," said Guy
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HireRight Holdings Corporation ("HireRight" or the "Company"), a leading provider of global background screening services and workforce solutions, today announced the completion of its sale to investment funds affiliated with General Atlantic, L.P. ("General Atlantic") and Stone Point Capital LLC ("Stone Point", and together with General Atlantic, the "Sponsors") in an all-cash merger transaction representing a total enterprise value of approximately $1.7 billion. As previously disclosed, HireRight stockholders voted to approve the transaction at the Company's Special Meeting of Stockholders on June 21, 2024. Pursuant to the merger, the Sponsors acquired the Company, and all of the outsta
HireRight Holdings Corporation (NYSE:HRT) ("HireRight" or the "Company"), a leading provider of background screening services, today announced financial results for its first quarter ended March 31, 2024. First Quarter 2024 Highlights: Revenues of $173.2 million, compared to prior year period revenues of $175.4 million Net loss attributable to HireRight of $3.3 million, compared to prior year period net loss of $7.9 million Adjusted EBITDA of $40.3 million, compared to prior year period Adjusted EBITDA of $33.0 million Diluted loss per share of $0.05, compared to prior year period diluted loss per share of $0.10 Adjusted diluted earnings per share of $0.22, compared to prio
– Margin Expansion Continues – – Enters Into an Agreement to Take Company Private – HireRight Holdings Corporation (NYSE:HRT) ("HireRight" or the "Company"), a leading provider of background screening services, today announced financial results for its fourth quarter and year ended December 31, 2023. Fourth Quarter 2023 Highlights: Revenues of $166.0 million, compared to prior year period revenues of $175.4 million Net loss attributable to HireRight of $4.5 million, compared to prior year period net income of $15.3 million Adjusted EBITDA of $42.5 million, compared to prior year period Adjusted EBITDA of $38.9 million Diluted loss per share attributable to HireRight of $0.
HireRight's Virtual I-9 Service enables employers to remotely verify their candidates' identity and employment authorization documents via live video call HireRight Holdings Corporation (NYSE:HRT), a leading provider of global background screening services and workforce management solutions, today announced the launch of its new Virtual I-9 solution. With HireRight's Virtual I-9 Service, candidates no longer have to present their documentation in-person for verification by their prospective employer or their authorized representative, which can be inconvenient, time-consuming, and could ultimately delay a candidate's start date. HireRight's Virtual I-9 Service, powered by HireRight's st
Stockholders to Receive $14.35 Per Share in Cash HireRight Holdings Corporation (NYSE:HRT) ("HireRight" or the "Company"), a leading provider of global background screening services and workforce solutions, today announced that it has entered into a definitive agreement to be acquired by investment funds affiliated with General Atlantic, L.P. ("General Atlantic") and Stone Point Capital LLC ("Stone Point" and together with General Atlantic, the "Sponsors"). The Sponsors are currently the beneficial owners of approximately 75% of the Company's outstanding shares of common stock. Under the terms of the agreement, the Sponsors will acquire all of the outstanding shares they do not already ow
HireRight (NYSE:HRT), a leading provider of global background screening services and workforce solutions, today announced that President and Chief Executive Officer, Guy Abramo, and Chief Financial Officer, Tom Spaeth, will be presenting virtually at the 26th Annual Needham Growth Conference on Tuesday, January 16, 2024 at 2:15 PM Eastern Time. A live webcast of the fireside chat will be available here, on the Events & Presentations page of HireRight's Investor Relations website. About HireRight HireRight is a leading global provider of technology-driven workforce risk management and compliance solutions. We provide comprehensive background screening, verification, identification, monit
HireRight Holdings Corporation (NYSE:HRT) ("HireRight" or the "Company"), a leading provider of global background screening services and workforce solutions, announced today that it has received a non-binding proposal from General Atlantic, L.P. ("General Atlantic") and Stone Point Capital LLC ("Stone Point"), and their respective affiliated funds (collectively, the "Sponsors"), to acquire all of the Company's outstanding shares of common stock that are not already owned by the Sponsors for $12.75 in cash per share. The board of directors of the Company previously formed a special committee of independent directors (the "Special Committee") to evaluate and consider any potential or actual
HireRight's Global ID digital identity verification service enables employers to remotely verify their candidates' identity documents HireRight Holdings Corporation (NYSE:HRT), a leading provider of global background screening services and workforce solutions, today announced the launch of its new global identity verification solution, Global ID. With identity theft and fraud on the rise—and many employees being onboarded and working remotely—it is arguably more important than ever to verify candidates' identities. HireRight's new digital Global ID service makes it simple and easy for HireRight customers and their candidates worldwide to verify the authenticity of their candidates' iden
HireRight (NYSE:HRT), a leading provider of global background screening services and workforce solutions, today announced that its Chief Financial Officer Tom Spaeth will be presenting at Wells Fargo's 7th Annual TMT Summit in Rancho Palos Verdes, California, on Wednesday, November 29, 2023 at 1:30 PM Pacific Time (4:30 PM Eastern Time). A live webcast of the fireside chat will be available here, on the Events & Presentations page of HireRight's Investor Relations website. About HireRight HireRight is a leading global provider of technology-driven workforce risk management and compliance solutions. We provide comprehensive background screening, verification, identification, monitoring
HireRight (NYSE:HRT), a leading provider of global background screening services and workforce solutions, is pleased to announce that Stephen Spears has taken over the role of Chief Revenue Officer (CRO) at HireRight with immediate effect. His appointment follows the retirement of Steve Girdler, the company's previous CRO, who will be staying on with the company in an advisory capacity until early 2024. Reporting to HireRight President and CEO, Guy Abramo, Mr. Spears will lead HireRight's Go-to-Market and Customer Service organization, with a focus on leading the company's long-term competitive strategy and initiatives to drive growth and support customer retention. In addition to these r
William Blair upgraded HireRight Holdings from Mkt Perform to Outperform
Wolfe Research initiated coverage of HireRight Holdings with a rating of Peer Perform
Stifel downgraded HireRight Holdings from Buy to Hold and set a new price target of $12.00
Barclays downgraded HireRight Holdings from Overweight to Equal Weight and set a new price target of $9.00 from $22.00 previously
RBC Capital Mkts downgraded HireRight Holdings from Outperform to Sector Perform and set a new price target of $12.00 from $15.00 previously
Needham initiated coverage of HireRight Holdings with a rating of Buy and set a new price target of $22.00
Robert W. Baird initiated coverage of HireRight Holdings with a rating of Outperform and set a new price target of $26.00
Stifel initiated coverage of HireRight Holdings with a rating of Buy and set a new price target of $21.00
Jefferies initiated coverage of HireRight Holdings with a rating of Buy and set a new price target of $23.00
William Blair initiated coverage of HireRight Holdings with a rating of Outperform
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HireRight Holdings (NYSE:HRT) reported quarterly earnings of $0.22 per share which beat the analyst consensus estimate of $0.20 by 10 percent. This is a 22.22 percent increase over earnings of $0.18 per share from the same period last year. The company reported quarterly sales of $173.20 million which missed the analyst consensus estimate of $176.95 million by 2.12 percent. This is a 1.25 percent decrease over sales of $175.40 million the same period last year.
HireRight Holdings (NYSE:HRT) reported quarterly earnings of $0.23 per share which beat the analyst consensus estimate of $0.20 by 15 percent. This is a 32.35 percent decrease over earnings of $0.34 per share from the same period last year. The company reported quarterly sales of $166.04 million which missed the analyst consensus estimate of $169.45 million by 2.01 percent. This is a 5.31 percent decrease over sales of $175.36 million the same period last year.
Needham analyst Kyle Peterson downgrades HireRight Holdings (NYSE:HRT) from Buy to Hold.
Shares of DoorDash, Inc. (NASDAQ:DASH) fell sharply in today’s session as the company reported mixed financial results for its fourth quarter. The company said it expects first-quarter marketplace GOV to be between $18.5 billion and $18.9 billion and adjusted EBITDA in the range of $320 million to $380 million. DoorDash shares dipped 12.2% to $110.88 on Friday. Here are some other stocks moving in today's mid-day session. Gainers Gaxos.ai Inc. (NASDAQ:GXAI) gained 444% to $1.41. Gaxos Gaming announced plans to launch an AI solution for game developers and studios. Fusion Fuel Green PLC (NASDAQ:HTOO) shares gained 157% to $3.10. The company said it had received notification from the
U.S. stocks were lower, with the Dow Jones index falling more than 100 points on Friday. Shares of Applied Materials, Inc. (NASDAQ:AMAT) rose sharply in today’s session after the company reported better-than-expected first-quarter financial results and issued second-quarter guidance. Applied Materials reported quarterly earnings of $2.13 per share which beat the analyst consensus estimate of $1.91 by 11.52%. The company reported quarterly sales of $6.71 billion, beating the analyst consensus estimate of $6.48 billion by 3.55%, and representing a 0.47% decrease over sales of $6.74 billion from the same period last year. Applied Materials shares jumped 8.3% to $203.27 on Friday. Here are
Gainers Fusion Fuel Green (NASDAQ:HTOO) stock rose 250.8% to $4.21 during Friday's pre-market session. The company's market cap stands at $71.7 million. Lichen China (NASDAQ:LICN) stock rose 57.27% to $1.73. The market value of their outstanding shares is at $45.8 million. Singularity Future Tech (NASDAQ:SGLY) shares rose 15.38% to $3.75. The company's market cap stands at $6.5 million. As per the press release, Q2 earnings came out 2 days ago. Intuitive Machines (NASDAQ:LUNR) shares rose 14.47% to $7.67. The company's market cap stands at $224.1 million. HireRight Holdings (NYSE:HRT) stock increased by 10.33% to $14.2. The market value of their outstanding shares is at $960.5 million.
Needham analyst Kyle Peterson maintains Equifax Inc (NYSE:EFX) with a Buy and raises the price target from $230 to $305. The analyst highlights EFX as his Top Pick 2024 and adds it to the Needham Conviction List, replacing HireRight Holdings Corp (NYSE:HRT). While EFX's fundamentals have faced pressure since mid-FY22 due to a spike in mortgage rates, the analyst expects the recent decline in interest rates to serve as a sizable tailwind heading into 2024. In addition, EFX's non-mortgage businesses have been performing well. They are scaling through new products, pricing increases, and record growth, all of which Peterson expects to benefit the company in the coming year. Peterson note
Stockholders to Receive $14.35 Per Share in Cash HireRight Holdings Corporation (NYSE:HRT) ("HireRight" or the "Company"), a leading provider of global background screening services and workforce solutions, today announced that it has entered into a definitive agreement to be acquired by investment funds affiliated with General Atlantic, L.P. ("General Atlantic") and Stone Point Capital LLC ("Stone Point" and together with General Atlantic, the "Sponsors"). The Sponsors are currently the beneficial owners of approximately 75% of the Company's outstanding shares of common stock. Under the terms of the agreement, the Sponsors will acquire all of the outstanding shares they do not already ow
– Margin Expansion Continues – – Expanding Partnerships with Leading HCM Companies – HireRight Holdings Corporation (NYSE:HRT) ("HireRight" or the "Company"), a leading provider of background screening services, today announced financial results for its third quarter ended September 30, 2023. Third Quarter 2023 Highlights: Revenues of $188.3 million, compared to prior year period revenues of $210.3 million Net loss of $1.7 million, compared to prior year period net income of $93.3 million Adjusted EBITDA of $52.1 million, compared to prior year period Adjusted EBITDA of $137.8 million Diluted loss per share of $0.02, compared to prior year period diluted earnings per share
HireRight (NYSE:HRT) today announced it will release third quarter 2023 earnings results before the market open on Tuesday, November 7, 2023, with a conference call at 8:30 am ET the same day during which management will discuss the results. The conference call will be webcast on the HireRight website at https://ir.hireright.com/. For those unable to attend the webcast, the dial-in number for the conference call is 1-877-704-4453 or 1-201-389-0920. A replay of the call will be available until Tuesday, November 14, 2023, by dialing 1-844-512-2921 or 1-412-317-6671 and entering passcode 13740973. About HireRight HireRight is a leading global provider of technology-driven workforce risk mana
– $192 million in Revenues – – Increasing Full-Year Adjusted EBITDA Outlook – – Repurchased 5.7 Million Shares of Common Stock – HireRight Holdings Corporation (NYSE:HRT) ("HireRight" or the "Company"), a leading provider of background screening services, today announced financial results for its second quarter ended June 30, 2023. Second Quarter 2023 Highlights: Revenues of $192.1 million Net income of $2.5 million Adjusted EBITDA of $52.7 million Diluted earnings per share of $0.03 Adjusted diluted earnings per share of $0.34 Six Months Ended June 30, 2023 Highlights: Revenues of $367.6 million Net loss of $5.4 million Adjusted EBITDA of $85.7 million
HireRight (NYSE:HRT) today announced it will release second quarter 2023 earnings results after the market close on Tuesday, August 8, 2023, with a conference call at 5:00 pm ET the same day during which management will discuss the results. The conference call will be webcast on the HireRight website at https://ir.hireright.com/. For those unable to attend the webcast, the dial-in number for the conference call is 1-877-704-4453 or 1-201-389-0920. A replay of the call will be available until Wednesday, August 16, 2023, by dialing 1-844-512-2921 or 1-412-317-6671 and entering passcode 13739021. About HireRight HireRight is a leading global provider of technology-driven workforce risk man
HireRight Holdings Corporation (NYSE:HRT) ("HireRight"), a leading provider of global background screening services and workforce solutions, today announced the acquisition of a majority share of Digital Trusted Identity Services, LLC ("DTIS"), an FBI-approved channeler (which submits fingerprints to the FBI and receives FBI criminal history record information) specializing in collecting and processing biometric and biographical data. This investment expands HireRight's commitment to biometric-based screening, including fingerprinting, as a critical component for customers in regulated industries – such as healthcare, financial services, transportation, and aviation – as well as non-regul
– Maintaining Full-Year Outlook – – Repurchased 2.3 Million Shares of Common Stock – HireRight Holdings Corporation (NYSE:HRT) ("HireRight" or the "Company"), a leading provider of background screening services, today announced financial results for its first quarter ended March 31, 2023. First Quarter 2023 Highlights: Revenues of $175.4 million Net loss of $7.9 million Adjusted EBITDA of $33.0 million Net loss per share of $0.10 Adjusted diluted earnings per share of $0.18 "Our first quarter demonstrated continued progress on our technology and margin initiatives, placing us ahead of schedule in achieving our 2023 margin target despite the soft demand environment" s
HireRight (NYSE:HRT) today announced it will release first quarter 2023 earnings results after the market close on Tuesday, May 9, 2023, with a conference call at 5:00 pm ET the same day during which management will discuss the results. The conference call will be webcast on the HireRight website at https://ir.hireright.com/. For those unable to attend the webcast, the dial-in number for the conference call is 1-877-704-4453 or 1-201-389-0920. A replay of the call will be available until Tuesday, May 16, 2023, by dialing 1-844-512-2921 or 1-412-317-6671 and entering passcode 13737147. About HireRight HireRight is a leading global provider of technology-driven workforce risk management a
HireRight Holdings Corporation (NYSE:HRT) ("HireRight"), a leading provider of global background screening services and workforce solutions, today announced it has completed the acquisition of Inquiro Vitae, a background screening provider based in Argentina, allowing more targeted local support for its customers hiring not only in Argentina, but across Latin America. The acquisition is part of HireRight's continued investment and growth strategy in Latin America following the launch of its Mexico subsidiary in 2021 and will enable the company to extend its background screening services to local small and medium-sized businesses in the region. "We are thrilled to expand our footprint in
HireRight (NYSE:HRT) today announced it will release fourth quarter and full year 2022 earnings results after the market close on Thursday, March 9, 2023, with a conference call at 5:00 pm ET the same day during which management will discuss the results. The conference call will be webcast on the HireRight website at https://ir.hireright.com/. For those unable to attend the webcast, the dial-in number for the conference call is 1-877-704-4453 or 1-201-389-0920. A replay of the call will be available until Friday, March 17, 2023, by dialing 1-844-512-2921 or 1-412-317-6671 and entering passcode 13735040. About HireRight HireRight is a leading global provider of technology-driven workforce