Hims & Hers Health Inc (NYSE:HIMS) shares traded 11.95% higher at $22.77 on Wall Street last session.
HIMS stock price is now 14.38% away from the 50-day moving average and 81.78% away from the 200-day moving average. The market capitalization of the company currently stands at $4.89B.
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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, Becklund Irene, PAO sold 472 shares of the company’s stock on Jul 16 ’24. The stock was sold for $10,965 at an average price of $23.23. Upon completion of the transaction, the PAO now directly owns 2,913 shares in the company, valued at $66329.01. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 12 ’24, Chief Commercial Officer Chi Michael sold 9,313 shares of the business’s stock. A total of $204,886 was realized by selling the stock at an average price of $22.00. This leaves the insider owning 185,326 shares of the company worth $4.22 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 $20.105 and a two-hundred day moving average price translates $12.60895 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.
