Hims & Hers slips as Jefferies cuts on valuation [Seeking Alpha]
Hims & Hers Health, Inc. Class A (HIMS)
Company Research
Source: Seeking Alpha
trimmed its price target to $15 from $17 per share, citing a valuation in line with its growth expectations. After recording more than 80% of growth over three consecutive years from 2020 to 2022, HIMS' growth has decelerated to 65% in 2023, argued analyst Glen Santangelo, projecting ~38% growth for the company in 2024. The analyst attributes this growth trajectory to revenues from upfront bookings for multi-month subscriptions, which he says will be less impactful in the future. There is significant room for growth in the markets for stigmatized conditions such as hair loss targeted by Hims & Hers Health ( HIMS ). “However, we believe it will be challenging for the company to find more of these “unicorn” markets that are perfectly suited to the HIMS model," the analyst added. HIMS trading at 25x in terms of 2025 EBITDA appropriately reflects the growth expectations and increasing profitability, Santangelo noted. “Given the higher valuation and more appropriate expectations, w
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HIMS
News
- Why Hims & Hers Health, Inc. (HIMS) Outpaced the Stock Market Today [Yahoo! Finance]Yahoo! Finance
- Hims & Hers Health: Becoming A Market Leader Within The Growing Digital Health Industry [Seeking Alpha]Seeking Alpha
- Hims & Hers Health, Inc. (HIMS) Stock Sinks As Market Gains: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Why Hims & Hers Stock Was Down This Week [Yahoo! Finance]Yahoo! Finance
- Hims & Hers Health, Inc. (HIMS) Suffers a Larger Drop Than the General Market: Key Insights [Yahoo! Finance]Yahoo! Finance
HIMS
Earnings
- 2/26/24 - Beat
HIMS
Sec Filings
- 4/29/24 - Form 144
- 4/26/24 - Form ARS
- 4/26/24 - Form 8-K
- HIMS's page on the SEC website