Key Points
- Hinge Health Chairman Gabriel M.I. Mecklenburg sold 83,333 shares on May 26 at an average price of $53.79, totaling about $4.48 million. The transaction was made under a pre-arranged Rule 10b5-1 plan.
- This was part of a broader pattern of insider selling, with Mecklenburg also selling shares on March 6, April 1, April 21, and May 6. Across those trades, he reduced his position by 50%.
- Hinge Health recently beat earnings expectations, reporting $0.45 EPS versus the $0.12 consensus estimate and revenue of $182.31 million, up 47.2% year over year. Analysts currently view the stock favorably, with a consensus rating of “Moderate Buy” and an average price target of $67.40.
Hinge Health Inc. (NYSE:HNGE - Get Free Report) CFO James Budge sold 5,907 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $53.79, for a total transaction of $317,737.53. Following the completion of the sale, the chief financial officer owned 445,386 shares in the company, valued at $23,957,312.94. This represents a 1.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
James Budge also recently made the following trade(s):
- On Wednesday, May 20th, James Budge sold 781 shares of Hinge Health stock. The shares were sold at an average price of $55.34, for a total transaction of $43,220.54.
- On Monday, May 11th, James Budge sold 5,906 shares of Hinge Health stock. The shares were sold at an average price of $54.82, for a total transaction of $323,766.92.
- On Monday, March 23rd, James Budge sold 11,006 shares of Hinge Health stock. The shares were sold at an average price of $42.26, for a total transaction of $465,113.56.
Hinge Health Price Performance
NYSE:HNGE opened at $53.49 on Thursday. Hinge Health Inc. has a fifty-two week low of $30.08 and a fifty-two week high of $62.18. The stock has a market capitalization of $4.14 billion and a PE ratio of -4.33. The business's 50-day simple moving average is $45.61 and its 200-day simple moving average is $44.52.
Hinge Health (NYSE:HNGE - Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.33. Hinge Health had a negative return on equity of 310.62% and a negative net margin of 78.95%.The business had revenue of $182.31 million for the quarter. During the same quarter last year, the firm earned $1.30 EPS. The company's revenue for the quarter was up 47.2% on a year-over-year basis. On average, research analysts expect that Hinge Health Inc. will post 1.21 earnings per share for the current year.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. Barclays lifted their price objective on Hinge Health from $52.00 to $62.00 and gave the company an "overweight" rating in a report on Wednesday, May 6th. KeyCorp set a $55.00 price objective on Hinge Health in a report on Wednesday, February 11th. Weiss Ratings upgraded Hinge Health from a "sell (e+)" rating to a "sell (d-)" rating in a report on Wednesday, May 6th. Wall Street Zen raised Hinge Health from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 23rd. Finally, Canaccord Genuity Group upped their price objective on Hinge Health from $53.00 to $63.00 and gave the stock a "buy" rating in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Hinge Health has a consensus rating of "Moderate Buy" and a consensus target price of $67.40.
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Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the company. California State Teachers Retirement System boosted its position in shares of Hinge Health by 35.2% during the first quarter. California State Teachers Retirement System now owns 19,141 shares of the company's stock worth $738,000 after buying an additional 4,986 shares during the period. Estuary Capital Management LP acquired a new position in shares of Hinge Health during the first quarter worth about $15,201,000. Lazard Asset Management LLC boosted its position in shares of Hinge Health by 0.6% during the first quarter. Lazard Asset Management LLC now owns 63,705 shares of the company's stock worth $2,456,000 after buying an additional 386 shares during the period. Entropy Technologies LP boosted its position in shares of Hinge Health by 28.1% during the first quarter. Entropy Technologies LP now owns 11,749 shares of the company's stock worth $453,000 after buying an additional 2,579 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Hinge Health by 225.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,163,187 shares of the company's stock worth $44,852,000 after buying an additional 806,007 shares during the period.
Hinge Health Company Profile
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Hinge Health (NYSE: HNGE) is a digital musculoskeletal (MSK) clinic that provides end-to-end solutions for the prevention and management of musculoskeletal conditions. The company's platform combines wearable motion sensors, personalized exercise therapy guided by licensed physical therapists, and behavioral health coaching to deliver tailored treatment plans. By integrating technology with evidence-based clinical protocols, Hinge Health aims to reduce pain, improve mobility and decrease reliance on more invasive interventions such as surgery or opioid prescriptions.
Founded in 2015 and headquartered in San Francisco, Hinge Health partners with employers, health plans and other payers to offer its self-directed, app-based programs.
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