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

Hinge Health's (NYSE:HNGE - Get Free Report) quiet period will end 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 the company's quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company's quiet period, it's expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on HNGE shares. Truist Financial initiated coverage on Hinge Health in a research report on Monday, June 16th. They set a "buy" rating and a $48.00 price target for the company. Wall Street Zen raised shares of Hinge Health to a "hold" rating in a report on Monday, June 2nd. Stifel Nicolaus started coverage on shares of Hinge Health in a research note on Monday, June 16th. They set a "buy" rating and a $48.00 target price for the company. William Blair assumed coverage on Hinge Health in a research note on Monday, June 16th. They issued an "outperform" rating on the stock. Finally, Raymond James Financial initiated coverage on Hinge Health in a report on Monday, June 16th. They issued an "outperform" rating and a $45.00 price objective on the stock. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $46.00.

Hinge Health Stock Performance

NYSE HNGE traded up $1.40 during mid-day trading on Friday, reaching $46.36. 1,295,197 shares of the stock were exchanged, compared to its average volume of 941,623. Hinge Health has a 1-year low of $33.42 and a 1-year high of $48.85.

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.