UPDATE: William Blair Starts HireRight Inc. (HRT) at Outperform

(Updated - November 23, 2021 7:03 AM EST)

William Blair analyst Andrew Nicholas initiates coverage on HireRight Inc. (NYSE: HRT) with a Outperform rating.

The analyst comments "As the largest player in the industry by revenue, we believe HireRight’s scale provides a material competitive advantage over midsize and small players, including: 1) global geographic reach, 2) greater resources and ability to invest in product and technology upgrades, 3) a more robust customer support organization, and 4) increased operating leverage and profitability. We therefore expect HireRight to take market share (primarily from midsize and small players) and outgrow the overall market."

For an analyst ratings summary and ratings history on HireRight Inc. click here. For more ratings news on HireRight Inc. click here.

Shares of HireRight Inc. closed at $18.13 yesterday.

You May Also Be Interested In

• UPDATE: Citi Starts Unum Group (UNM) at Neutral
• UPDATE: Citi Starts Reinsurance Group of America (RGA) at Sell
• UPDATE: Citi Starts Progressive Corp. (PGR) at Sell