Health In Tech (NASDAQ:HIT) Releases Earnings Results

Health In Tech (NASDAQ:HIT - Get Free Report) issued its earnings results on Monday. The company reported $0.01 EPS for the quarter, hitting analysts' consensus estimates of $0.01, Zacks reports. The business had revenue of $9.31 million during the quarter, compared to analysts' expectations of $7.96 million.

Health In Tech Trading Up 7.2%

NASDAQ:HIT traded up $0.13 during mid-day trading on Thursday, hitting $1.94. 1,809,618 shares of the company's stock were exchanged, compared to its average volume of 1,320,642. Health In Tech has a one year low of $0.51 and a one year high of $7.59. The business has a fifty day moving average price of $0.84 and a 200 day moving average price of $2.39.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Health In Tech stock. Cubist Systematic Strategies LLC bought a new stake in shares of Health In Tech, Inc. (NASDAQ:HIT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 61,595 shares of the company's stock, valued at approximately $41,000. Cubist Systematic Strategies LLC owned 0.11% of Health In Tech at the end of the most recent quarter.

Analyst Ratings Changes

HIT has been the topic of a number of analyst reports. Maxim Group upgraded shares of Health In Tech to a "strong-buy" rating and set a $2.50 target price on the stock in a research report on Thursday, June 26th. Wall Street Zen lowered shares of Health In Tech from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th.

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.