Hims & Hers Health (NYSE:HIMS) Shares Down 0.9% – Here’s What Happened

Hims & Hers Health, Inc. (NYSE:HIMS) traded down 0.9% on Friday . The stock traded as low as $33.22 and last traded at $34.07. 7,643,464 shares changed hands during trading, a decline of 41% from the average session volume of 13,064,865 shares. The stock had previously closed at $34.39.

Analyst Ratings Changes

HIMS has been the subject of several recent research reports. Citigroup reissued a “sell” rating and set a $27.00 price target on shares of Hims & Hers Health in a report on Thursday. Canaccord Genuity Group increased their target price on shares of Hims & Hers Health from $38.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Morgan Stanley cut shares of Hims & Hers Health from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $42.00 to $60.00 in a research note on Tuesday, February 18th. BTIG Research initiated coverage on shares of Hims & Hers Health in a research report on Tuesday, January 7th. They issued a “buy” rating and a $35.00 price target for the company. Finally, Leerink Partners increased their price objective on shares of Hims & Hers Health from $24.00 to $40.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Hims & Hers Health presently has an average rating of “Hold” and an average target price of $37.23.

Hims & Hers Health Stock Performance

The firm has a market capitalization of $7.97 billion, a PE ratio of 81.33 and a beta of 1.37. The company has a fifty day moving average price of $37.45 and a 200-day moving average price of $27.31.

Hims & Hers Health (NYSE:HIMS) last released its quarterly earnings results on Monday, February 24th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. Hims & Hers Health had a net margin of 8.19% and a return on equity of 10.97%. The company had revenue of $481.14 million for the quarter, compared to the consensus estimate of $494.56 million. On average, equities analysts predict that Hims & Hers Health, Inc. will post 0.29 earnings per share for the current year.

Insider Activity

In other news, insider Soleil Boughton sold 4,152 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $60.69, for a total transaction of $251,984.88. Following the transaction, the insider now directly owns 157,345 shares of the company’s stock, valued at approximately $9,549,268.05. This trade represents a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael Chi sold 7,259 shares of Hims & Hers Health stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $32.25, for a total value of $234,102.75. Following the sale, the insider now directly owns 184,947 shares of the company’s stock, valued at approximately $5,964,540.75. This trade represents a 3.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,062,011 shares of company stock valued at $36,892,724. 17.71% of the stock is currently owned by company insiders.

Institutional Trading of Hims & Hers Health

Institutional investors and hedge funds have recently made changes to their positions in the company. Creative Planning increased its position in Hims & Hers Health by 18.1% during the 3rd quarter. Creative Planning now owns 25,925 shares of the company’s stock valued at $478,000 after purchasing an additional 3,979 shares during the period. Robeco Institutional Asset Management B.V. purchased a new position in Hims & Hers Health during the third quarter valued at approximately $604,000. QRG Capital Management Inc. increased its holdings in Hims & Hers Health by 3.9% during the third quarter. QRG Capital Management Inc. now owns 162,029 shares of the company’s stock valued at $2,985,000 after buying an additional 6,077 shares during the period. Olympiad Research LP bought a new position in Hims & Hers Health in the third quarter worth approximately $262,000. Finally, Principal Financial Group Inc. lifted its holdings in Hims & Hers Health by 102.0% during the third quarter. Principal Financial Group Inc. now owns 290,414 shares of the company’s stock worth $5,349,000 after buying an additional 146,621 shares during the period. 63.52% of the stock is currently owned by institutional investors.

About Hims & Hers Health

Hims & Hers Health, Inc operates a telehealth consultation platform. It connects consumers to healthcare professionals, enabling them to access medical care for mental health, sexual health, dermatology and primary care. The company was founded in 2017 and is headquartered in San Francisco, CA.