Health In Tech (NASDAQ:HIT) Receives "Sell (D-)" Rating from Weiss Ratings

Key Points

• Health In Tech (NASDAQ:HIT) received a "Sell (D-)" rating from Weiss Ratings, while other firms like Maxim Group and Wall Street Zen have varying opinions, indicating mixed analyst sentiment.
• The stock has seen a twelve-month trading range between $0.51 and $7.59, currently trading at around $3.49 with a 50-day moving average of $3.01.
• In its last quarterly earnings report, Health In Tech met analysts' expectations with earnings of $0.01 per share and reported revenues of $9.31 million, exceeding the forecast.

Health In Tech (NASDAQ:HIT - Get Free Report)'s stock had its "sell (d-)" rating reiterated by equities research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

HIT has been the subject of a number of other research reports. Maxim Group upgraded Health In Tech to a "strong-buy" rating and set a $2.50 price objective for the company in a research note on Thursday, June 26th. Wall Street Zen cut Health In Tech from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Health In Tech has a consensus rating of "Moderate Buy" and a consensus price target of $2.50.

Health In Tech Trading Down 1.7%

Shares of NASDAQ HIT opened at $3.49 on Wednesday. Health In Tech has a twelve month low of $0.51 and a twelve month high of $7.59. The stock has a 50 day moving average of $3.01 and a two-hundred day moving average of $1.56.

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

Institutional Investors Weigh In On Health In Tech

Large investors have recently modified their holdings of the stock. XTX Topco Ltd purchased a new stake in shares of Health In Tech during the first quarter worth approximately $59,000. Arete Wealth Advisors LLC acquired a new position in Health In Tech during the first quarter worth $47,000. Jane Street Group LLC acquired a new position in Health In Tech during the first quarter worth $48,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Health In Tech during the first quarter worth $41,000.

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.

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