Shares of Hinge Health Inc. (NYSE:HNGE – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the nineteen brokerages that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, fifteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $105.33.
Several brokerages have weighed in on HNGE. Citizens Jmp lifted their target price on Hinge Health from $96.00 to $107.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 5th. Morgan Stanley increased their price objective on shares of Hinge Health from $72.00 to $108.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Weiss Ratings upgraded shares of Hinge Health from a “sell (d-)” rating to a “hold (c)” rating in a research note on Tuesday, September 22nd. Bank of America started coverage on Hinge Health in a research report on Tuesday, September 29th. They issued a “buy” rating and a $110.00 target price for the company. Finally, Robert W. Baird increased their price target on Hinge Health from $85.00 to $90.00 and gave the company a “neutral” rating in a research note on Tuesday, September 22nd.
Get Our Latest Stock Analysis on Hinge Health
Insider Buying and Selling
Institutional Investors Weigh In On Hinge Health
Large investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new position in Hinge Health in the 4th quarter worth approximately $26,000. IFP Advisors Inc raised its stake in Hinge Health by 140.0% during the 2nd quarter. IFP Advisors Inc now owns 324 shares of the company’s stock valued at $27,000 after purchasing an additional 189 shares during the period. Nykredit A S purchased a new stake in shares of Hinge Health in the second quarter valued at $29,000. CENTRAL TRUST Co purchased a new stake in shares of Hinge Health in the first quarter valued at $37,000. Finally, State of Wyoming acquired a new stake in shares of Hinge Health in the first quarter worth $110,000.
Hinge Health Trading Up 0.1%
Shares of Hinge Health stock opened at $98.00 on Friday. The stock has a market capitalization of $7.91 billion, a price-to-earnings ratio of 76.56 and a beta of 1.37. Hinge Health has a twelve month low of $30.08 and a twelve month high of $100.36. The business’s 50 day simple moving average is $90.69 and its 200-day simple moving average is $70.98.
Hinge Health (NYSE:HNGE – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.31. The company had revenue of $212.82 million during the quarter. Hinge Health had a net margin of 15.15% and a return on equity of 51.60%. The business’s revenue was up 53.0% compared to the same quarter last year. During the same period last year, the firm posted $0.59 EPS. Sell-side analysts predict that Hinge Health will post 1.25 earnings per share for the current year.
Hinge Health Company Profile
Hinge Health, Inc is a digital healthcare company focused on musculoskeletal (MSK) conditions, including back and joint pain. The company provides virtual care designed to help members manage pain, improve mobility and avoid or delay more invasive treatments.
Its platform combines a mobile application, motion-sensing technology, personalized exercise therapy, education and support from a care team that may include clinical specialists. Hinge Health offers programs for conditions such as chronic back pain, knee pain and other common MSK issues, with services generally provided through employers, health plans and other healthcare organizations.
Hinge Health was founded in 2015 and is headquartered in San Francisco, California.
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