Hinge Health (NYSE:HNGE) Trading 6.5% Higher - Here's What Happened

Hinge Health Inc. (NYSE:HNGE - Get Free Report) traded up 6.5% during trading on Tuesday . The stock traded as high as $39.00 and last traded at $38.55. 498,971 shares traded hands during trading, a decline of 37% from the average session volume of 794,916 shares. The stock had previously closed at $36.21.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HNGE shares. Bank of America started coverage on Hinge Health in a report on Monday. They issued a "buy" rating and a $42.00 target price on the stock. Canaccord Genuity Group started coverage on shares of Hinge Health in a report on Monday. They set a "buy" rating and a $52.00 price objective on the stock. Wall Street Zen upgraded shares of Hinge Health to a "hold" rating in a report on Monday, June 2nd. KeyCorp assumed coverage on shares of Hinge Health in a report on Monday. They issued an "overweight" rating and a $45.00 target price on the stock. Finally, Raymond James Financial initiated coverage on shares of Hinge Health in a research report on Monday. They issued an "outperform" rating and a $45.00 price target on the stock. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.00.

Hinge Health Stock Up 5.6%

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.