Hinge Health Inc.'s (NYSE:HNGE) Quiet Period Set To End on July 1st

Hinge Health's (NYSE:HNGE - Get Free Report) quiet period will expire on Tuesday, July 1st. Hinge Health had issued 13,666,000 shares in its IPO on May 22nd. The total size of the offering was $437,312,000 based on an initial share price of $32.00. During Hinge Health's quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the expiration of the company's quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Piper Sandler started coverage on Hinge Health in a research report on Monday, June 16th. They issued an "overweight" rating and a $41.00 price objective for the company. Morgan Stanley assumed coverage on Hinge Health in a research note on Monday, June 16th. They set an "overweight" rating and a $46.00 price objective on the stock. Needham & Company LLC assumed coverage on Hinge Health in a research note on Monday, June 16th. They issued a "buy" rating and a $47.00 price target on the stock. Stifel Nicolaus initiated coverage on Hinge Health in a research note on Monday, June 16th. They issued a "buy" rating and a $48.00 price target on the stock. Finally, Evercore ISI initiated coverage on Hinge Health in a research note on Monday, June 16th. They set an "outperform" rating and a $50.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, Hinge Health currently has an average rating of "Moderate Buy" and an average price target of $46.00.

Hinge Health Trading Up 3.6%

NYSE HNGE opened at $43.60 on Tuesday. Hinge Health has a 1-year low of $33.42 and a 1-year high of $45.98.

Hinge Health Company Profile

Our vision is to build a new health system that transforms outcomes, experience and costs by using technology to scale and automate the delivery of care. Hinge Health leverages software, including AI, to largely automate care for joint and muscle health, delivering an outstanding member experience, improved member outcomes, and cost reductions for our clients.

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