Hinge Health (NYSE:HNGE) Shares Gap Up – Still a Buy?

Hinge Health Inc. (NYSE:HNGE)’s share price gapped up before the market opened on Friday . The stock had previously closed at $44.14, but opened at $47.00. Hinge Health shares last traded at $46.31, with a volume of 420,511 shares changing hands.

Analyst Ratings Changes

HNGE has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Hinge Health to a “hold” rating in a research report on Monday, June 2nd. Barclays initiated coverage on shares of Hinge Health in a research report on Monday, June 16th. They set an “overweight” rating and a $43.00 price objective on the stock. Raymond James Financial initiated coverage on shares of Hinge Health in a research report on Monday, June 16th. They set an “outperform” rating and a $45.00 price objective on the stock. KeyCorp assumed coverage on shares of Hinge Health in a research report on Monday, June 16th. They set an “overweight” rating and a $45.00 price objective on the stock. Finally, Stifel Nicolaus assumed coverage on shares of Hinge Health in a report on Monday, June 16th. They set a “buy” rating and a $48.00 target price for the company. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $46.00.

Hinge Health Trading Up 7.7%

About Hinge Health

Our vision is to build a new health system that transforms outcomes, experience and costs by using technology to scale and automate the delivery of care. Hinge Health leverages software, including AI, to largely automate care for joint and muscle health, delivering an outstanding member experience, improved member outcomes, and cost reductions for our clients.