Health In Tech, Inc.’s (NASDAQ:HIT) Lock-Up Period Will End on June 23rd

Health In Tech’s (NASDAQ:HIT) lock-up period will end on Monday, June 23rd. Health In Tech had issued 2,300,000 shares in its initial public offering on December 23rd. The total size of the offering was $9,200,000 based on an initial share price of $4.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Health In Tech from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 7th.

Health In Tech Stock Performance

Shares of NASDAQ:HIT opened at $0.60 on Friday. The business has a fifty day moving average of $0.66. Health In Tech has a one year low of $0.51 and a one year high of $7.59.

Health In Tech (NASDAQ:HIT) last issued its quarterly earnings results on Monday, April 14th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The firm had revenue of $8.02 million for the quarter, compared to analysts’ expectations of $6.87 million.

Hedge Funds Weigh In On Health In Tech

A number of institutional investors have recently made changes to their positions in HIT. Cubist Systematic Strategies LLC bought a new position in shares of Health In Tech in the 1st quarter worth $41,000. Arete Wealth Advisors LLC bought a new position in shares of Health In Tech during the 1st quarter valued at $47,000. Jane Street Group LLC bought a new position in shares of Health In Tech during the 1st quarter valued at $48,000. Finally, XTX Topco Ltd bought a new position in shares of Health In Tech during the 1st quarter valued at $59,000.

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.