Health In Tech (NASDAQ:HIT) Announces Quarterly Earnings Results

Health In Tech (NASDAQ:HIT) issued its quarterly earnings results on Monday. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01, Zacks reports.

Health In Tech Trading Up 0.3%

Shares of HIT traded up $0.01 during midday trading on Monday, reaching $2.92. 357,047 shares of the stock were exchanged, compared to its average volume of 1,061,727. The company has a market capitalization of $164.66 million and a P/E ratio of 146.00. Health In Tech has a 52 week low of $0.51 and a 52 week high of $7.59. The company’s 50 day moving average is $3.08 and its two-hundred day moving average is $1.94.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Health In Tech in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Health In Tech from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $2.50.

Hedge Funds Weigh In On Health In Tech

A hedge fund recently bought a new stake in Health In Tech stock. Jane Street Group LLC bought a new stake in shares of Health In Tech, Inc. (NASDAQ:HIT) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 72,053 shares of the company’s stock, valued at approximately $48,000. Jane Street Group LLC owned about 0.13% of Health In Tech as of its most recent SEC filing.

About Health In Tech

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.