Health In Tech (NASDAQ:HIT) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Health In Tech (NASDAQ:HIT) from a buy rating to a strong-buy rating in a research note published on Saturday.

Several other research analysts also recently weighed in on the stock. Maxim Group upgraded shares of Health In Tech to a “strong-buy” rating and set a $2.50 target price for the company in a research note on Thursday, June 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Health In Tech in a research note on Wednesday, October 8th. One 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $2.50.

Health In Tech Trading Down 12.0%

HIT opened at $3.02 on Friday. Health In Tech has a 52-week low of $0.51 and a 52-week high of $7.59. The company has a 50 day moving average of $3.16 and a two-hundred day moving average of $1.70.

Health In Tech (NASDAQ:HIT) last announced its earnings results 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 analysts’ expectations of $7.96 million.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd bought a new position in Health In Tech during the 1st quarter valued at $59,000. Arete Wealth Advisors LLC acquired a new stake in shares of Health In Tech during the first quarter worth $47,000. Jane Street Group LLC acquired a new stake in shares of Health In Tech during the first quarter worth $48,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Health In Tech during the first quarter worth $41,000.

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.