Hims & Hers Health Inc (NYSE:HIMS) shares traded 3.18% higher at $21.72 on Wall Street last session.
HIMS stock price is now 16.74% away from the 50-day moving average and 81.06% away from the 200-day moving average. The market capitalization of the company currently stands at $4.67B.
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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, Baird Melissa, Chief Operating Officer sold 17,625 shares of the company’s stock on Jul 09 ’24. The stock was sold for $359,887 at an average price of $20.42. Upon completion of the transaction, the Chief Operating Officer now directly owns 585,800 shares in the company, valued at $12.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 09 ’24, Chief Legal Officer Boughton Soleil sold 2,335 shares of the business’s stock. A total of $47,354 was realized by selling the stock at an average price of $20.28. This leaves the insider owning 169,144 shares of the company worth $3.67 million. A total of 29.78% 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 $18.7898 and a two-hundred day moving average price translates $12.0742 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.
