Hinge Health (NYSE:HNGE) Trading Up 10.7% - Here's Why

Hinge Health Inc. (NYSE:HNGE - Get Free Report) shares were up 10.7% during trading on Tuesday . The stock traded as high as $48.85 and last traded at $48.37. Approximately 904,399 shares traded hands during mid-day trading, an increase of 5% from the average daily volume of 862,172 shares. The stock had previously closed at $43.69.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HNGE. Raymond James Financial assumed coverage on Hinge Health in a research note on Monday, June 16th. They issued an "outperform" rating and a $45.00 target price for the company. Evercore ISI began coverage on shares of Hinge Health in a research report on Monday, June 16th. They set an "outperform" rating and a $50.00 target price on the stock. Stifel Nicolaus initiated coverage on Hinge Health in a report on Monday, June 16th. They set a "buy" rating and a $48.00 price objective on the stock. Royal Bank Of Canada started coverage on Hinge Health in a research report on Monday, June 16th. They issued an "outperform" rating and a $45.00 price target on the stock. Finally, Wall Street Zen upgraded shares of Hinge Health to a "hold" rating in a research note on Monday, June 2nd. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $46.00.

Hinge Health Stock Performance

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.