Whetstone Capital Advisors LLC Invests $1.52 Million in Health In Tech, Inc. $HIT

Whetstone Capital Advisors LLC acquired a new position in shares of Health In Tech, Inc. (NASDAQ:HIT) during the second quarter, HoldingsChannel reports. The firm acquired 1,509,766 shares of the company’s stock, valued at approximately $1,525,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in Health In Tech during the 3rd quarter worth about $45,000. Squarepoint Ops LLC acquired a new stake in shares of Health In Tech in the 3rd quarter valued at about $46,000. Millennium Management LLC bought a new stake in shares of Health In Tech in the third quarter valued at about $85,000. Jane Street Group LLC lifted its holdings in shares of Health In Tech by 307.9% in the fourth quarter. Jane Street Group LLC now owns 50,648 shares of the company’s stock valued at $81,000 after purchasing an additional 38,230 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Health In Tech by 195.3% during the fourth quarter. State Street Corp now owns 62,900 shares of the company’s stock worth $100,000 after buying an additional 41,600 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HIT. Maxim Group decreased their price objective 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 reaffirmed a “sell (d)” rating on shares of Health In Tech in a research report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $3.50.

Health In Tech Trading Up 0.6%

Shares of HIT stock opened at $0.94 on Thursday. The firm’s fifty day moving average price is $1.04 and its two-hundred day moving average price is $1.24. Health In Tech, Inc. has a 1 year low of $0.85 and a 1 year high of $4.02. The firm has a market capitalization of $61.37 million, a P/E ratio of -13.38 and a beta of 2.72.

Health In Tech (NASDAQ:HIT) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The firm had revenue of $8.06 million during the quarter.

Health In Tech Profile

Health in Tech, Inc engages in the provision of insurance technology platforms which offer a marketplace of processes in the healthcare industry. Its services include Stone Mountain Risk, eDIYBS, HI Card, HI Performance Network, and Ancillary Products. The company was founded by Tim Johnson in 2014 and is headquartered in Stuart, FL.