Health In Tech (NASDAQ:HIT) Downgraded to “Hold” Rating by Wall Street Zen

Health In Tech (NASDAQ:HIT) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.

Separately, Weiss Ratings reissued 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 assigned a Sell rating to the stock. Based on data from MarketBeat, Health In Tech presently has an average rating of “Moderate Buy” and an average price target of $2.50.

Health In Tech Price Performance

NASDAQ:HIT opened at $1.60 on Friday. The stock’s 50 day simple moving average is $3.00 and its two-hundred day simple moving average is $1.98. Health In Tech has a 1 year low of $0.51 and a 1 year high of $7.59. The company has a market cap of $90.22 million and a price-to-earnings ratio of 80.00.

Health In Tech (NASDAQ:HIT) last announced its earnings results on Wednesday, November 12th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $15.59 million for the quarter, compared to analysts’ expectations of $7.05 million.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. XTX Topco Ltd purchased a new position in Health In Tech during the first quarter valued at approximately $59,000. Arete Wealth Advisors LLC acquired a new stake in Health In Tech in the 1st quarter valued at approximately $47,000. Ancora Advisors LLC acquired a new stake in Health In Tech during the 3rd quarter worth approximately $389,000. Two Sigma Investments LP acquired a new position in Health In Tech during the 3rd quarter worth approximately $386,000. Finally, Jane Street Group LLC purchased a new position in Health In Tech in the first quarter valued at approximately $48,000.

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.