In yesterday’s Wall Street session, Hims & Hers Health Inc (NYSE:HIMS) shares traded at $22.15, down -1.07% from the previous session.
HIMS stock price is now 36.01% away from the 50-day moving average and 101.95% away from the 200-day moving average. The market capitalization of the company currently stands at $4.76B.
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With the price target enhanced from $16 to $20, Citigroup Downgraded its rating from Buy to Neutral for Hims & Hers Health Inc (NYSE: HIMS). On April 16, 2024, Jefferies Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $17 to quote $15, while ‘Canaccord Genuity’ rates the stock as ‘Buy’
In other news, Dudum Andrew, Chief Executive Officer sold 45,755 shares of the company’s stock on Jun 20 ’24. The stock was sold for $1,051,087 at an average price of $22.97. Upon completion of the transaction, the Chief Executive Officer now directly owns 33,502 shares in the company, valued at $0.74 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 20 ’24, Chief Commercial Officer Chi Michael sold 7,500 shares of the business’s stock. A total of $183,750 was realized by selling the stock at an average price of $24.50. This leaves the insider owning 185,326 shares of the company worth $4.1 million. A total of 29.77% of the company’s stock is owned by insiders.
During the past 12 months, Hims & Hers Health Inc has had a low of $5.65 and a high of $25.74. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 2.80, and a quick ratio of 2.48. The fifty day moving average price for HIMS is $16.437 and a two-hundred day moving average price translates $11.0442 for the stock.
The latest earnings results from Hims & Hers Health Inc (NYSE: HIMS) was released for 2024-03-31. The net profit margin was -0.25% and return on equity was -0.72% for HIMS. The company reported revenue of $278.17 million for the quarter, compared to $190.77 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 45.81 percent.
