Health In Tech (NASDAQ:HIT) Trading Up 4.4% – Time to Buy?

Health In Tech, Inc. (NASDAQ:HIT)’s share price was up 4.4% on Tuesday . The stock traded as high as $2.89 and last traded at $2.83. Approximately 403,810 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 1,241,088 shares. The stock had previously closed at $2.71.

Wall Street Analyst Weigh In

Several analysts have weighed in on HIT shares. Maxim Group raised Health In Tech to a “strong-buy” rating and set a $2.50 target price on the stock in a report on Thursday, June 26th. Wall Street Zen lowered Health In Tech from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Strong Buy” and a consensus price target of $2.50.

Health In Tech Stock Performance

The business has a 50 day moving average of $2.18 and a 200 day moving average of $1.74.

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

Institutional Trading of Health In Tech

Hedge funds have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC acquired a new stake in Health In Tech in the 1st quarter worth about $41,000. Arete Wealth Advisors LLC acquired a new stake in Health In Tech in the 1st quarter worth about $47,000. Jane Street Group LLC acquired a new stake in Health In Tech in the 1st quarter worth about $48,000. Finally, XTX Topco Ltd acquired a new stake in Health In Tech in the 1st quarter worth about $59,000.

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.