Hinge Health Sees Unusually High Options Volume (NYSE:HNGE)

Hinge Health Inc. (NYSE:HNGE - Get Free Report) was the target of some unusual options trading on Monday. Stock traders acquired 6,399 call options on the company. This represents an increase of approximately 465% compared to the average volume of 1,132 call options.

Analyst Ratings Changes

HNGE has been the subject of a number of recent research reports. Evercore ISI assumed coverage on Hinge Health in a research report on Monday, June 16th. They issued an "outperform" rating and a $50.00 target price for the company. Raymond James Financial began coverage on shares of Hinge Health in a research note on Monday, June 16th. They issued an "outperform" rating and a $45.00 price objective for the company. Bank of America started coverage on shares of Hinge Health in a research report on Monday, June 16th. They issued a "buy" rating and a $42.00 target price on the stock. Truist Financial started coverage on shares of Hinge Health in a research report on Monday, June 16th. They set a "buy" rating and a $48.00 price target for the company. Finally, Needham & Company LLC initiated 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. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Hinge Health has a consensus rating of "Moderate Buy" and a consensus price target of $46.00.

Hinge Health Stock Performance

NYSE HNGE traded up $0.34 during trading on Thursday, hitting $44.87. The company had a trading volume of 1,137,814 shares, compared to its average volume of 766,036. Hinge Health has a one year low of $33.42 and a one year high of $48.85.

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.