Health In Tech (NASDAQ:HIT) Stock Price Up 2.3% – What’s Next?

Health In Tech, Inc. (NASDAQ:HIT)’s stock price traded up 2.3% during mid-day trading on Thursday . The stock traded as high as $1.41 and last traded at $1.36. 447,420 shares were traded during mid-day trading, a decline of 56% from the average session volume of 1,015,111 shares. The stock had previously closed at $1.33.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on HIT shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Health In Tech in a research note on Wednesday, October 8th. Wall Street Zen lowered Health In Tech from a “buy” rating to a “hold” rating in a research report on Sunday, November 16th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Health In Tech has a consensus rating of “Moderate Buy” and an average target price of $2.50.

Health In Tech Stock Performance

The firm has a market cap of $77.40 million and a P/E ratio of 45.33. The stock’s 50-day moving average is $2.09 and its 200 day moving average is $2.08.

Health In Tech (NASDAQ:HIT) last posted its earnings results on Wednesday, November 12th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The business had revenue of $8.49 million during the quarter, compared to analyst estimates of $7.05 million.

Institutional Trading of Health In Tech

Large investors have recently bought and sold shares of the business. Ancora Advisors LLC acquired a new position in shares of Health In Tech in the third quarter valued at approximately $389,000. Two Sigma Investments LP bought a new stake in Health In Tech in the 3rd quarter valued at $386,000. Jane Street Group LLC bought a new stake in Health In Tech in the 1st quarter valued at $48,000. Arete Wealth Advisors LLC acquired a new position in Health In Tech in the 1st quarter worth $47,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Health In Tech in the 1st quarter worth $41,000.

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.