Wall Street Zen Upgrades Health In Tech (NASDAQ:HIT) to “Strong-Buy”

Health In Tech (NASDAQ:HIT) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

Other equities research analysts have also issued research reports about the stock. Maxim Group upgraded shares of Health In Tech to a “strong-buy” rating and set a $2.50 price target for the company in a report on Thursday, June 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of Health In Tech in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $2.50.

Health In Tech Price Performance

HIT opened at $3.02 on Friday. Health In Tech has a 12-month low of $0.51 and a 12-month high of $7.59. The business’s fifty day simple moving average is $3.16 and its 200-day simple moving average is $1.70.

Health In Tech (NASDAQ:HIT) last released its quarterly earnings data on Monday, July 21st. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $9.31 million during the quarter, compared to the consensus estimate of $7.96 million.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new stake in Health In Tech in the first quarter valued at approximately $41,000. Arete Wealth Advisors LLC purchased a new stake in shares of Health In Tech during the 1st quarter valued at $47,000. Jane Street Group LLC purchased a new stake in shares of Health In Tech during the 1st quarter valued at $48,000. Finally, XTX Topco Ltd acquired a new stake in shares of Health In Tech in the 1st quarter worth $59,000.

Health In Tech Company Profile

Health in Tech, Inc engages in the provision of insurance technology platforms which offer a marketplace of processes in the healthcare industry. Its services include Stone Mountain Risk, eDIYBS, HI Card, HI Performance Network, and Ancillary Products. The company was founded by Tim Johnson in 2014 and is headquartered in Stuart, FL.