Health In Tech (NASDAQ:HIT) Upgraded 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 morning.

Several other equities analysts also recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Health In Tech in a report on Wednesday, October 8th. Maxim Group upgraded shares of Health In Tech to a “strong-buy” rating and set a $2.50 price target for the company in a report on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Health In Tech has an average rating of “Moderate Buy” and a consensus price target of $2.50.

Health In Tech Price Performance

NASDAQ:HIT opened at $3.17 on Friday. The company’s 50 day moving average is $3.17 and its two-hundred day moving average is $1.72. Health In Tech has a twelve month low of $0.51 and a twelve month high of $7.59.

Health In Tech (NASDAQ:HIT) last posted its quarterly earnings results on Monday, July 21st. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. The business had revenue of $9.31 million for the quarter, compared to analysts’ expectations of $7.96 million.

Hedge Funds Weigh In On Health In Tech

Institutional investors have recently bought and sold shares of the company. XTX Topco Ltd acquired a new stake in Health In Tech in the first quarter valued at $59,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Health In Tech in the first quarter valued at about $41,000. Arete Wealth Advisors LLC acquired a new stake in shares of Health In Tech in the first quarter valued at approximately $47,000. Finally, Jane Street Group LLC acquired a new stake in shares of Health In Tech in the first quarter valued at approximately $48,000.

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.