Health In Tech (NASDAQ:HIT) Releases Earnings Results, Misses Estimates By $0.03 EPS

Health In Tech (NASDAQ:HIT) issued its earnings results on Thursday. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03), Zacks reports.

Health In Tech Stock Performance

HIT stock traded down $0.02 during midday trading on Thursday, reaching $0.54. 59,871 shares of the company were exchanged, compared to its average volume of 218,101. The company has a market cap of $35.39 million, a price-to-earnings ratio of -7.71 and a beta of 3.02. Health In Tech has a 1-year low of $0.49 and a 1-year high of $2.10. The stock’s 50-day simple moving average is $0.74 and its 200 day simple moving average is $1.12.

Wall Street Analyst Weigh In

HIT has been the subject of a number of recent analyst reports. Maxim Group decreased their price target on Health In Tech from $4.00 to $3.00 and set a “buy” rating for the company in a report on Friday, August 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Health In Tech in a report on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $3.50.

Health In Tech Company Profile

Health In Tech, Inc. is a U.S.-based insurance technology company that provides a digital platform for the self-funded health benefits market. Its technology is designed to connect employers, insurance brokers, third-party administrators and stop-loss carriers through a streamlined process for evaluating and administering health benefit plans. The company’s platform supports functions including plan quoting, comparison and enrollment, with the goal of simplifying interactions among participants in the employer-sponsored health insurance ecosystem.