Hinge Health Inc. (NYSE:HNGE – Get Free Report) Director Kristina Leslie sold 1,200 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $88.23, for a total value of $105,876.00. Following the sale, the director directly owned 30,387 shares in the company, valued at $2,681,045.01. This trade represents a 3.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Hinge Health Stock Up 3.3%
Shares of NYSE HNGE opened at $88.44 on Friday. Hinge Health Inc. has a 12 month low of $30.08 and a 12 month high of $93.13. The company has a market cap of $7.14 billion, a price-to-earnings ratio of 69.09 and a beta of 1.30. The business has a fifty day simple moving average of $81.40 and a 200-day simple moving average of $58.29.
Hinge Health (NYSE:HNGE – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.31. The firm had revenue of $212.82 million for the quarter. Hinge Health had a return on equity of 51.60% and a net margin of 15.15%.The company’s revenue for the quarter was up 53.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.59 EPS. As a group, sell-side analysts expect that Hinge Health Inc. will post 1.25 EPS for the current fiscal year.
Institutional Inflows and Outflows
Analysts Set New Price Targets
Several brokerages recently commented on HNGE. Evercore restated an “outperform” rating and issued a $105.00 price target on shares of Hinge Health in a research report on Wednesday, August 5th. Citigroup reissued an “outperform” rating on shares of Hinge Health in a research note on Monday, July 27th. Royal Bank Of Canada increased their target price on Hinge Health from $75.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Citizens Jmp raised their target price on Hinge Health from $96.00 to $107.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 5th. Finally, KeyCorp lifted their price target on Hinge Health from $90.00 to $125.00 and gave the company an “overweight” rating in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.57.
Read Our Latest Stock Report on HNGE
Hinge Health Company Profile
Hinge Health (NYSE: HNGE) is a digital musculoskeletal (MSK) clinic that provides end-to-end solutions for the prevention and management of musculoskeletal conditions. The company’s platform combines wearable motion sensors, personalized exercise therapy guided by licensed physical therapists, and behavioral health coaching to deliver tailored treatment plans. By integrating technology with evidence-based clinical protocols, Hinge Health aims to reduce pain, improve mobility and decrease reliance on more invasive interventions such as surgery or opioid prescriptions.
Founded in 2015 and headquartered in San Francisco, Hinge Health partners with employers, health plans and other payers to offer its self-directed, app-based programs.
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