Barclays Reaffirms Overweight Rating for Hinge Health (NYSE:HNGE)

Barclays reaffirmed their overweight rating on shares of Hinge Health (NYSE:HNGE - Free Report) in a research note published on Monday morning, MarketBeat Ratings reports. They currently have a $51.00 price objective on the stock, up from their previous price objective of $43.00.

A number of other analysts have also issued reports on the company. Royal Bank Of Canada initiated coverage on Hinge Health in a research note on Monday, June 16th. They set an "outperform" rating and a $45.00 price objective on the stock. Morgan Stanley began coverage on Hinge Health in a research report on Monday, June 16th. They set an "overweight" rating and a $46.00 price objective on the stock. Needham & Company LLC began coverage on Hinge Health in a report on Monday, June 16th. They set a "buy" rating and a $47.00 target price for the company. Evercore ISI began coverage on Hinge Health in a report on Monday, June 16th. They set an "outperform" rating and a $50.00 target price for the company. Finally, Truist Financial began coverage on Hinge Health in a report on Monday, June 16th. They set a "buy" rating and a $48.00 target price for the company. One analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $49.36.

Hinge Health Stock Down 0.7%

Shares of NYSE HNGE traded down $0.33 during trading on Monday, reaching $46.62. 506,789 shares of the stock traded hands, compared to its average volume of 1,103,514. Hinge Health has a 52-week low of $33.42 and a 52-week 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.