Hinge Health (NYSE:HNGE) Shares Gap Up - Here's Why

Hinge Health Inc. (NYSE:HNGE - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $34.85, but opened at $36.40. Hinge Health shares last traded at $35.81, with a volume of 85,568 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HNGE shares. Morgan Stanley assumed coverage on shares of Hinge Health in a report on Monday. They set an "overweight" rating and a $46.00 target price on the stock. Royal Bank Of Canada started coverage on Hinge Health in a report on Monday. They set an "outperform" rating and a $45.00 price objective on the stock. Piper Sandler initiated coverage on shares of Hinge Health in a research note on Monday. They issued an "overweight" rating and a $41.00 price target for the company. Stifel Nicolaus assumed coverage on Hinge Health in a research note on Monday. They set a "buy" rating and a $48.00 price objective for the company. Finally, Evercore ISI began coverage on Hinge Health in a research note on Monday. They issued an "outperform" rating and a $50.00 target price on the stock. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $46.00.

Hinge Health Stock Performance

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.