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HIMS stock rated a Sell by Citigroup

In a filing, Hims & Hers Health Inc revealed its Chief Operating Officer Baird Melissa unloaded Company’s shares for reported $3.03 million on Feb 12 ’25. In the deal valued at $44.71 per share,67,687 shares were sold. As a result of this transaction, Baird Melissa now holds 706,872 shares worth roughly $ 42.74 million.

Then, Melissa Baird bought 67,687 shares, generating $3,136,616 in total proceeds.

Before that, Chi Michael sold 7,259 shares. Hims & Hers Health Inc shares valued at $314,170 were divested by the Chief Commercial Officer at a price of $43.28 per share. As a result of the transaction, Chi Michael now holds 193,601 shares, worth roughly $11.71 million.

Citigroup downgraded its Hims & Hers Health Inc [HIMS] rating to a Sell from a a Neutral in a research note published on January 10, 2025; the price target was increased to $25 from $24. A number of analysts have revised their coverage, including BTIG Research’s analysts, who began to cover the stock in early January with a ‘”a Buy”‘ rating. Morgan Stanley began covering HIMS with “an Overweight” recommendation on December 17, 2024. BofA Securities revised its rating on November 14, 2024. It rated HIMS as “an Underperform” which previously was an “a Buy”.

Price Performance Review of HIMS

On Friday, Hims & Hers Health Inc [NYSE:HIMS] saw its stock jump 2.18% to $60.47. Over the last five days, the stock has gained 42.12%. Hims & Hers Health Inc shares have risen nearly 150.08% since the year began. Nevertheless, the stocks have risen 537.87% over the past one year. While a 52-week high of $59.55 was reached on 02/14/25, a 52-week low of $9.22 was recorded on 01/10/25. SMA at 50 days reached $32.59, while 200 days put it at $22.68.

Levels Of Support And Resistance For HIMS Stock

The 24-hour chart illustrates a support level at 57.78, which if violated will result in even more drops to 55.09. On the upside, there is a resistance level at 64.00. A further resistance level may holdings at 67.53. The Relative Strength Index (RSI) on the 14-day chart is 87.68, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 12.83, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.67%. Stochastics %K at 95.07% indicates the stock is a selling.

How much short interest is there in Hims & Hers Health Inc?

A steep rise in short interest was recorded in Hims & Hers Health Inc stocks on 2025-01-31, growing by 6.09 million shares to a total of 58.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 52.12 million shares. There was a rise of 10.46%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on August 22, 2024 when Needham began covering the stock and recommended ‘”a Buy”‘ rating along with a $24 price target.

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