XTX Topco Ltd Invests $59,000 in Health In Tech, Inc. (NASDAQ:HIT)

Key Points

• XTX Topco Ltd invested approximately $59,000 in Health In Tech, acquiring 88,583 shares during the first quarter of 2023.
• Health In Tech's stock was recently rated as a "strong-buy" by Maxim Group with a $2.50 price objective, although it was downgraded from "strong-buy" to "buy" by Wall Street Zen.
• The company's latest quarterly earnings showed $9.31 million in revenue, exceeding analyst estimates of $7.96 million, with earnings per share of $0.01.

XTX Topco Ltd acquired a new position in shares of Health In Tech, Inc. (NASDAQ:HIT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 88,583 shares of the company's stock, valued at approximately $59,000. XTX Topco Ltd owned 0.16% of Health In Tech as of its most recent filing with the Securities and Exchange Commission.

Wall Street Analysts Forecast Growth

HIT has been the topic of several research analyst reports. Maxim Group raised shares of Health In Tech to a "strong-buy" rating and set a $2.50 price objective on the stock in a research note on Thursday, June 26th. Wall Street Zen cut shares of Health In Tech from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th.

Health In Tech Stock Performance

Shares of NASDAQ:HIT opened at $3.52 on Friday. Health In Tech, Inc. has a 12 month low of $0.51 and a 12 month high of $7.59. The company's fifty day simple moving average is $1.39 and its 200 day simple moving average is $2.11.

Health In Tech (NASDAQ:HIT - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $9.31 million during the quarter, compared to analyst estimates of $7.96 million.

Health In Tech 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.

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