Elon Musk's Crazy New Experiment...REVEALED

On January 28th of 2024... Elon Musk launched a crazy AI experiment involving a real human in California. Elon already invested $100 million of his own money into this AI project... Because he knows the profits here could be ridiculous.

Why Hims & Hers Health Stock Is Rising Today

Dylan Berman
May 07, 2024

Hims and Hers Health Inc. (NYSE:HIMS) shares are up Tuesday after the company reported better-than-expected first quarter financial results.

The Details: After the market close on Monday, Hims & Hers Health reported strong first-quarter results that included revenue of $278.2 million, representing a 46% increase from $190.8 million in the first quarter of 2023. The number beat analyst estimates of $270.382 million.

The company posted net income of $11.1 million and EPS of 5 cents, beating EPS estimates of 2 cents by 150%.

In addition, Hims & Hers Health reported adjusted EBITDA of $32.3 million for the first quarter compared to $6.1 million in the first quarter of 2023.

“The business continues to generate robust performance across our operations as we execute on our mission to make the world feel great through the power of better health,” said Yemi Okupe, CFO of Hims & Hers Health.

The company saw 41% year-over-year growth in subscribers during the quarter, bringing total subscribers up to 1.7 million.

Hims & Hers Health also issued guidance for the second quarter. The company expects revenue of $292 million to $297 million versus estimates of $288.073 million. Hims & Hers Health also sees adjusted EBITDA between $30 million and $35 million.

For the full fiscal year, the company expects revenue of $1.20 billion to $1.23 billion versus estimates of $1.191 billion.

Related Link: 12 Health Care Stocks Moving in Monday’s After-Market Session.

On Tuesday, Piper Sandler maintained a Neutral rating on the stock and raised the price target from $11 to $13. Deutsche Bank also maintained Hims & Hers Health with a Hold rating and raised the price target from $14 to $16.

Price Action: According to Benzinga Pro, Hims & Hers Health shares were up 7.25% at $12.48 at the time of publication.

Image: Courtesy of Hims & Hers Health, Inc.

Continue Reading...

Popular
Tommy Tuberville Sells Several Large Stock Positions, Makes New Buys: Here's What The US Senator Is Betting On Now

Tommy Tuberville Sells Several Large Stock Positions, Makes New Buys: Here's What The US Senator Is Betting On Now

Senator Tommy Tuberville disclosed numerous stock trades on Friday June 14. A look at some of the key highlights.

8 Large Cap Stocks That Outperformed Nvidia Over The Past Year

8 Large Cap Stocks That Outperformed Nvidia Over The Past Year

Nvidia surged 217.58% over the past year, 173.78% year-to-date. Here are eight large-cap stocks that outperformed it this past year.

June 24th - The Biggest Crypto Event in History - Ad

According to the man who called every major market top and bottom for the last 29 years... A single event triggering on June 24th will send the crypto market soaring. But what's more exciting... is that this event could send a small sector of the crypto market soaring 5X, 25X, and even 100X higher in just days.

Morgan Stanley Picks This Taiwanese Chip Designer As 'Unique Nvidia Proxy'

Morgan Stanley Picks This Taiwanese Chip Designer As 'Unique Nvidia Proxy'

They anticipate Aspeed will gain additional traction in smart city and factory projects, which should positively influence the company's gross margins.

Trump Vs. Biden: Latest Poll Results In Key State Of Virginia Spells Trouble For One Candidate And His Party

Trump Vs. Biden: Latest Poll Results In Key State Of Virginia Spells Trouble For One Candidate And His Party

A recent poll shows a tie between President Joe Biden and former President Donald Trump in Virginia, a state that has been under Democratic control for the last two decades.

62 Lawmakers Are Shifting Their Money Into a Shocking New Trend - Ad

It's not artificial intelligence, electric vehicles, or cryptocurrencies. But it could have major implications for your financial situation before the end of the year.

Nvidia Insiders Cash In Over $700M This Year As Jensen Huang $3.2 Trillion Chip Empire Continues To Swell (UPDATED)
From Mac To Monolith: Apple Surpasses Microsoft As World's Largest Company By Market Cap

From Mac To Monolith: Apple Surpasses Microsoft As World's Largest Company By Market Cap

Apple traded above $216 a share on Wednesday morning, up over 4.5% on the day and 10% since its WWDC event on Monday afternoon.

Could This New Project Top $1T? - Ad

This billionaire has predicted that his new venture - something I'm calling "X-9840" - could become "a trillion dollar company." Today, only three companies in the US are worth more than $2 trillion. Microsoft... Apple...and Nvidia. This has nothing to do with electric vehicles... Self-driving cars, rockets, brain chips, or satellites.

Will Your iPhone Support New Apple Intelligence Features? Here's What You Need To Know

Will Your iPhone Support New Apple Intelligence Features? Here's What You Need To Know

Apple has announced a suite of AI-powered features for iPhones, calling it Apple Intelligence. However, these features will be limited to select iPhones.

Visa's Mark Nelsen wants to make your plastic credit card obsolete

Visa's Mark Nelsen wants to make your plastic credit card obsolete

Mark Nelsen, Visa’s global head of consumer payments, sees a world where the plastic card in your wallet becomes increasingly obsolete and the standard 16-digit account number becomes worthless.

Are Banks Already Using Your ESG Score Against You? - Ad

As we speak, the powers that be are building a full-scale social credit system ...And soon, it could be used to control the way you live your life. Legendary financial forecaster, Dr. Martin Weiss recorded an urgent message on how to prepare, including the three steps you should consider RIGHT NOW.

Kim Jong Un's Sister Warns Of 'New Counteraction' Against South Korea Over Loudspeaker Broadcasts And Leaflets

Kim Jong Un's Sister Warns Of 'New Counteraction' Against South Korea Over Loudspeaker Broadcasts And Leaflets

The influential sister of North Korean leader Kim Jong Un, Kim Yo Jong, has issued a stern warning to South Korea regarding the resumption of loudspeaker broadcasts and leaflet distribution.

Amazon invests $1.4 billion for affordable housing options in regions where it has corporate offices

Amazon invests $1.4 billion for affordable housing options in regions where it has corporate offices

NEW YORK (AP) — Amazon is adding $1.4 billion to a fund it established three years ago for preserving or building more in regions where the company has major corporate offices, CEO Andy Jassy announced Tuesday.

After Conviction, There Could Be More Bad News for Trump - Ad

Former advisor to the CIA, the Pentagon and the White House Jim Rickards just dropped this Trump election bombshell. For the sake of our country...I hope he's wrong. Because if he's right, you need to prepare now.

Why Is AMD Stock Trading Lower On Monday?

Why Is AMD Stock Trading Lower On Monday?

Morgan Stanley downgrades AMD due to high valuations and competition from Nvidia. However, analyst believes AMD will continue to gain market share.

Biden Vs. Trump Matchup In Key Swing State Of Arizona Shows One Candidate Pulls Ahead With Appreciable Lead, But This Demographic Could Tip The Scale For Either Candidate

Biden Vs. Trump Matchup In Key Swing State Of Arizona Shows One Candidate Pulls Ahead With Appreciable Lead, But This Demographic Could Tip The Scale For Either Candidate

The 2024 election is shaping up to be one of the most closely contested, even though neither of the presumptive candidates inspires much confidence among voters.

Big Tech Is Spending Billions Each Month on This AI Superproject - Ad

Big Tech is committing billions each month to the construction of these AI mega data centers. This is where Nvidia, comes in. It's quietly leaning on a set of what we call Silent Partners to get the job done. These companies could benefit greatly from this next wave of the AI boom.

Edward Snowden Takes A Jab At Elizabeth Warren's Anti-Bitcoin Stance Through The Infamous 'We're All Going To Die' Remark Broadcast On China-Controlled TV

Edward Snowden Takes A Jab At Elizabeth Warren's Anti-Bitcoin Stance Through The Infamous 'We're All Going To Die' Remark Broadcast On China-Controlled TV

Renowned whistleblower and privacy advocate Edward Snowden poked fun at Senator Elizabeth Warren (D-Mass.) for her anti-Bitcoin (CRYPTO: BTC) stance by comparing it with the bizarre perspective of the Chinese Communist Party.

Ralph Lauren goes with basic blue jeans for Team USA's opening Olympic ceremony uniforms

Ralph Lauren goes with basic blue jeans for Team USA's opening Olympic ceremony uniforms

NEW YORK (AP) — When walks with the world’s athletes at the they’ll be doing so in snappy tailored navy blazers from Ralph Lauren — and blue jeans.

Warren Buffett's "Mystery Stock" - Ad

Billionaires are plowing millions of dollars into a new technology that early estimates say could generate more wealth than A.I. -- and determine the future of companies like Microsoft. The problem? Most investors have no idea it's happening, or how to profit on it. This expert just went public with all the details, including which stocks to jump on immediately.

Regulators Turn Up The Heat On 'Roaring Kitty' Over Recent GameStop Trading Activity: What You Need To Know

Regulators Turn Up The Heat On 'Roaring Kitty' Over Recent GameStop Trading Activity: What You Need To Know

GameStop trader Keith Gill is facing increased scrutiny from Massachusetts Secretary of State Bill Galvin over potential manipulation.

NIO Plans Organizational Changes At Onvo Sub-brand: What's Going On?

NIO Plans Organizational Changes At Onvo Sub-brand: What's Going On?

NIO reportedly unveils organizational restructuring, including the rebranding of strategic units, under its Onvo sub-brand, aiming for business and organizational advancement.

"America's No. 1 Retirement Stock" (Name Inside) - Ad

According to the former Goldman Sachs VP -- who wrote a best-selling book on retirement -- one single stock stands head-and-shoulders above all others. And it should be the cornerstone of your portfolio. Have you heard of it?

Cybersecurity Provider CrowdStrike And These 2 Companies Make The Cut For S&P 500 Inclusion, Palantir Misses Out Yet Again

Cybersecurity Provider CrowdStrike And These 2 Companies Make The Cut For S&P 500 Inclusion, Palantir Misses Out Yet Again

Palantir was once again overlooked, while an asset manager and two tech companies were deemed worthy of being added to the prestigious index.

What's Going On With BioRestorative Therapies Stock?

What's Going On With BioRestorative Therapies Stock?

BioRestorative Therapies shares are trading higher Monday after the company announced it has received notice from the Nasdaq Stock Market that it has regained compliance with listing requirements.

This Election Shocker Could Be Worse Than Trump's Conviction - Ad

Former advisor to the CIA, the Pentagon and the White House Jim Rickards just dropped this Trump election bombshell. For the sake of our country...I hope he's wrong. Because if he's right, you need to prepare now.

JPMorgan's Top Strategist Sticks To Bearish S&P 500 Forecast, Warns Of 2008-Like Crash: 'Equities Continue To Price In Little Downside Risk'

JPMorgan's Top Strategist Sticks To Bearish S&P 500 Forecast, Warns Of 2008-Like Crash: 'Equities Continue To Price In Little Downside Risk'

JPMorgan Chase maintains bearish outlook on US stock market, predicting decline despite record highs. Fed may adjust projections and risks are abundant, but S&P 500 forecasts remain unchanged.

Micro communities for the homeless sprout in US cities eager for small, quick and cheap solutions

Micro communities for the homeless sprout in US cities eager for small, quick and cheap solutions

ATLANTA (AP) — In a dreary part of downtown Atlanta, shipping containers have been transformed into an oasis for dozens of previously unsheltered people who now proudly call a former parking lot home.

Earn Instant Cash Flow (using THIS tactic) - Ad

Can you imagine earning $1,118,721/hr? That's what greedy Wall Street elites have been pocketing for 22 straight years. And now it's available to you.

Apple's Warranty Updates, iPhone Support Duration, And More: This Week In Apple News

Apple's Warranty Updates, iPhone Support Duration, And More: This Week In Apple News

Apple Inc. has been in the spotlight this week with policy changes and revelations. From cracked screen repairs to iPhone support period, here's a round-up of the top stories.

Stocks Ease Ahead Of Wednesday's Key Events, Apple Jumps To Record Highs, Bitcoin Tumbles To $66,500: What's Driving Markets Tuesday?

Stocks Ease Ahead Of Wednesday's Key Events, Apple Jumps To Record Highs, Bitcoin Tumbles To $66,500: What's Driving Markets Tuesday?

Wall Street traded slightly in the red on Tuesday morning as markets took a cautious stance ahead of the inflation report and the Federal Open Market Committee (FOMC) meeting on Wednesday.

America's 'Silent Invasion' - Is Your Town in the Crosshairs? - Ad

A silent invasion is happening all over America. It has nothing to do with the border but will end with even more disastrous results. Why? A faceless entity is coming by air, rail, port, and highway. What does it mean for you and your money? There's still time to prepare, but you must act today.

Stock market today: Asian markets mixed following hotter-than-expected US jobs report

Stock market today: Asian markets mixed following hotter-than-expected US jobs report

HONG KONG (AP) — Asian markets were mixed on Monday after a released Friday came in hotter than expected, while the euro fell after French President Emmanuel Macron dissolved the National Assembly following a setback in Sunday's parliamentary election.

State Street Technology ETF To Put Nvidia Before Apple In Revamp

State Street Technology ETF To Put Nvidia Before Apple In Revamp

Tech ETF to boost Nvidia exposure at Apple's expense, triggering billions in trading volume. Rebalance to reflect Nvidia's market value surpassing Apple's.

Wall Street Icon Warns: "A Great Financial Reset Is Underway" - Ad

The man CNBC called "The Prophet" predicted the 2008 housing crisis and the 2022 sell-off... Now, he says that despite the bull market, he's worried older Americans are holding the WRONG stocks in their portfolios for this stage of their lives. So, he's urging folks to buy "America's No. 1 Legacy Stock," which could help them build wealth they could pass on for generations.

Tesla, Elon Musk Slam Lawyers Demanding $5.2B For Voiding His 2018 Pay Package: 'They Deserve To Repay Tesla Legals Costs And Get Nothing!'

Tesla, Elon Musk Slam Lawyers Demanding $5.2B For Voiding His 2018 Pay Package: 'They Deserve To Repay Tesla Legals Costs And Get Nothing!'

Elon Musk criticized lawyers demanding $5.2B in Tesla stock as legal fees for contesting his 2018 pay package, saying they should repay legal costs.

Judge overseeing NFL 'Sunday Ticket' trial voices frustrations over the case

Judge overseeing NFL 'Sunday Ticket' trial voices frustrations over the case

LOS ANGELES (AP) — The federal judge presiding over the filed by “Sunday Ticket” subscribers against the NFL voiced frustrations Tuesday with the way the plaintiffs' attorneys have handled their side of the case.

Must-See: Elon's New Invention is Absolutely Insane - Ad

When you click here and see what Elon Musk's new invention does... And how it works... You will NOT believe it. You'll tell yourself this is just science fiction. But Elon just tested this in a real human... And the result was mind-blowing.

California lawmakers fast-track bill that would require online sellers to verify their identity

California lawmakers fast-track bill that would require online sellers to verify their identity

SACRAMENTO, Calif. (AP) — A California bill that would require marketplaces like eBay and Nextdoor to start collecting bank accounts and tax identification numbers from high-volume sellers who advertise online but collect payments offline was fast-tracked by Democratic lawmakers with committees voting on it Tuesday.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service