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

Shares of Hinge Health Inc. (NYSE:HNGE - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $44.14, but opened at $47.00. Hinge Health shares last traded at $46.31, with a volume of 420,511 shares traded.

Analyst Upgrades and Downgrades

HNGE has been the subject of a number of research analyst reports. Bank of America initiated coverage on shares of Hinge Health in a research report on Monday, June 16th. They set a "buy" rating and a $42.00 price objective for the company. Evercore ISI initiated coverage on shares of Hinge Health in a research report on Monday, June 16th. They set an "outperform" rating and a $50.00 price objective for the company. Barclays initiated coverage on shares of Hinge Health in a research report on Monday, June 16th. They set an "overweight" rating and a $43.00 price objective for the company. Morgan Stanley initiated coverage on shares of Hinge Health in a research report on Monday, June 16th. They issued an "overweight" rating and a $46.00 price target for the company. Finally, KeyCorp began coverage on shares of Hinge Health in a research report on Monday, June 16th. They issued an "overweight" rating and a $45.00 price target for the company. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.00.

Hinge Health Stock Up 5.9%

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.

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