JMP Securities Begins Coverage on Hinge Health (NYSE:HNGE)

JMP Securities started coverage on shares of Hinge Health (NYSE:HNGE - Get Free Report) in a research report issued on Monday,Benzinga reports. The brokerage set a "market outperform" rating and a $58.00 price target on the stock. JMP Securities' price target points to a potential upside of 20.36% from the stock's current price.

Other research analysts have also issued reports about the company. Piper Sandler started coverage on Hinge Health in a report on Monday, June 16th. They issued an "overweight" rating and a $41.00 target price for the company. KeyCorp lifted their price objective on Hinge Health from $45.00 to $60.00 and gave the company an "overweight" rating in a research note on Monday. Citizens Jmp began coverage on shares of Hinge Health in a research note on Monday. They set a "mkt outperform" rating and a $58.00 target price on the stock. William Blair initiated coverage on shares of Hinge Health in a report on Monday, June 16th. They issued an "outperform" rating on the stock. Finally, Bank of America began coverage on shares of Hinge Health in a report on Monday, June 16th. They set a "buy" rating and a $42.00 price target for the company. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Hinge Health currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.36.

Hinge Health Trading Up 1.2%

Hinge Health stock traded up $0.55 during mid-day trading on Monday, reaching $48.19. 830,694 shares of the company's stock were exchanged, compared to its average volume of 1,045,669. Hinge Health has a twelve month low of $33.42 and a twelve month high of $52.16.

About Hinge Health

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.