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Will Hims & Hers Fall Along With Novo Nordisk?
MarketBeat· 2025-08-01 21:07
Core Viewpoint - Hims & Hers Health Inc. is gaining attention in the healthcare sector due to its unique combination of health services and technology-driven growth, positioning it as a potential investment opportunity [1] Company Overview - Hims & Hers Health stock is currently priced at $62.57, reflecting a decline of 5.45% [2] - The stock has a 52-week range between $13.47 and $72.98, with a P/E ratio of 90.68 and a price target of $39.83 [2] Market Context - The recent association of Hims & Hers with weight loss products is linked to the broader market trend, particularly the "Ozempic boom" [2] - Despite this association, the company was already on a growth trajectory prior to entering the weight loss market [3] Competitive Landscape - Shares of Novo Nordisk have dropped by 31% in the past month due to regulatory scrutiny, which may impact Hims & Hers due to correlation in the market [4][5] - Hims & Hers has a diversified product offering and a different business model, which may mitigate the impact of Novo Nordisk's decline [5] Business Model - Hims & Hers operates primarily through a telehealth platform, generating over 90% of its revenue from subscriptions, which provides stability and predictability in financial forecasting [6][7] - The stock still trades at 95% of its 52-week high, indicating ongoing market optimism compared to Novo Nordisk, which has fallen to 35% of its 52-week high [8] Financial Performance - Revenue for Hims & Hers surged by 111% over the past year, driven by strong demand and market share expansion [9] - The subscriber base grew to 2.4 million, a 38% increase year-over-year, highlighting the company's growth potential [10] - Free cash flow reached $50.1 million for the quarter, up nearly fivefold from $11.9 million in the same quarter last year, indicating strong compounding potential for reinvestment [13] Management Guidance - Hims & Hers management has reiterated its full-year financial guidance for 2025, contrasting with other companies that have refrained from providing guidance amid economic uncertainties [11]
HIMS INVESTOR REMINDER: Hims & Hers Health, Inc. Stock Drop Leads to Class Action – Investors with Losses Urged to Contact BFA Law by August 25 (NYSE:HIMS)
GlobeNewswire News Room· 2025-08-01 12:36
Core Viewpoint - A lawsuit has been filed against Hims & Hers Health, Inc. and its senior executives for potential violations of federal securities laws, particularly related to misrepresentation of a partnership with Novo Nordisk [1][2][4]. Group 1: Lawsuit Details - Investors have until August 25, 2025, to request to lead the case, which is pending in the U.S. District Court for the Northern District of California [2]. - The lawsuit asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Hims & Hers securities [2]. - A second complaint with similar claims has also been filed against Hims & Hers [2]. Group 2: Company Operations - Hims & Hers operates a telehealth platform providing online consultations, prescription medications, and wellness products [3]. - The company announced a collaboration with Novo Nordisk to sell the weight loss drug Wegovy on its platform, which contains the active ingredient semaglutide [3]. Group 3: Allegations and Stock Impact - Hims & Hers allegedly misrepresented the nature of its partnership with Novo Nordisk, claiming it could sell both Wegovy and compounded semaglutide, and that its sales complied with FDA regulations [4]. - Following Novo Nordisk's announcement of terminating the partnership due to Hims & Hers' deceptive practices, the stock price fell by $22.24, or over 34%, from $64.22 to $41.98 per share [5].
Hims & Hers Health, Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before August 25, 2025 to Discuss Your Rights - HIMS
Prnewswire· 2025-07-31 12:45
NEW YORK, July 31, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Hims & Hers Health, Inc. (NYSE: HIMS). Shareholders who purchased shares of HIMS during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect th ...
HIMS INVESTORS: Hims & Hers Health, Inc. (NYSE:HIMS) Investors may have been Affected by Fraud – Contact BFA Law by August 25 about Potentially Recovering Losses
GlobeNewswire News Room· 2025-07-30 12:36
Core Viewpoint - A lawsuit has been filed against Hims & Hers Health, Inc. and its senior executives for potential violations of federal securities laws, particularly related to misrepresentation of a partnership with Novo Nordisk and the sale of compounded semaglutide [1][2][4]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Northern District of California, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. - Investors have until August 25, 2025, to request to lead the case [2]. Group 2: Company Operations - Hims & Hers operates a telehealth platform providing online consultations, prescription medications, and wellness products [3]. - The company announced a collaboration with Novo Nordisk on April 29, 2025, to sell the weight loss drug Wegovy on its platform [3]. Group 3: Allegations and Impact - Hims & Hers allegedly misrepresented the nature of its partnership with Novo Nordisk, claiming compliance with FDA regulations regarding the sale of compounded semaglutide [4]. - Following the termination of the partnership by Novo Nordisk on June 23, 2025, due to deceptive practices, Hims & Hers stock price fell by $22.24 per share, a decline of over 34% [5].
Hims & Hers Health, Inc.: Please contact the Portnoy Law Firm to recover your losses. August 25, 2025 Deadline to file Lead Plaintiff Motion
GlobeNewswire News Room· 2025-07-28 21:04
Core Viewpoint - Hims & Hers Health, Inc. is facing a class action lawsuit due to allegations of deceptive practices related to the promotion and sale of illegitimate versions of the weight loss drug Wegovy®, resulting in a significant drop in its stock price after the termination of its partnership with Novo Nordisk [1][4][5]. Group 1: Company Overview - Hims & Hers Health is a telehealth company that offers prescription and over-the-counter medications, as well as personal care products [3]. Group 2: Legal Allegations - The class action lawsuit claims that during the Class Period, Hims & Hers made false and misleading statements and failed to disclose material facts, including engaging in deceptive promotion of illegitimate versions of Wegovy® [4]. - The lawsuit also alleges that there was a significant risk of Novo Nordisk terminating its collaboration with Hims & Hers due to these deceptive practices [4]. Group 3: Impact of Events - On June 23, 2025, Novo Nordisk announced the termination of its partnership with Hims & Hers, citing concerns over patient safety due to the deceptive promotion of knockoff versions of Wegovy® [5]. - Following the announcement of the partnership termination, Hims & Hers shares fell more than 34% [5].
HIMS LAWSUIT: Hims & Hers Health, Inc. Sued for Fraud over Novo Nordisk Statements – Contact BFA Law by August 25 Court Deadline (NYSE:HIMS)
GlobeNewswire News Room· 2025-07-28 12:34
Core Viewpoint - A lawsuit has been filed against Hims & Hers Health, Inc. and its senior executives for potential violations of federal securities laws, particularly related to misrepresentation of a partnership with Novo Nordisk [1][2]. Group 1: Lawsuit Details - Investors have until August 25, 2025, to request to lead the case, which is pending in the U.S. District Court for the Northern District of California [2]. - The lawsuit claims violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Hims & Hers securities [2]. Group 2: Company Operations and Allegations - Hims & Hers operates a telehealth platform providing online consultations, prescription medications, and wellness products [3]. - The company misrepresented the nature of its partnership with Novo Nordisk, claiming it could sell both Wegovy and compounded semaglutide, and asserted compliance with FDA regulations [4]. Group 3: Stock Impact - Following Novo Nordisk's announcement of terminating the partnership due to Hims & Hers' deceptive practices, the stock price fell by $22.24, a decline of over 34%, from $64.22 to $41.98 per share [5].
HIMS INVESTOR ALERT: Hims & Hers Health, Inc. Investors with Substantial Losses Have Opportunity to Lead Securities Class Action Lawsuit
Prnewswire· 2025-07-28 09:30
Core Viewpoint - Hims & Hers Health, Inc. is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934, with claims related to deceptive practices in promoting and selling medications [1][2][3] Group 1: Lawsuit Details - The class action lawsuit, titled Sookdeo v. Hims & Hers Health, Inc., involves purchasers of Hims & Hers securities from April 29, 2025, to June 23, 2025, with a deadline of August 25, 2025, for seeking lead plaintiff status [1][4] - Allegations include that Hims & Hers engaged in deceptive promotion and selling of illegitimate versions of Wegovy®, which jeopardized patient safety [2][3] - Following the termination of its partnership with Novo Nordisk due to these allegations, Hims & Hers' stock price dropped by over 34% [3] Group 2: Company Background - Hims & Hers is a telehealth company that offers prescription medications, over-the-counter medications, and personal care products [2] - The company announced a collaboration with Novo Nordisk on April 29, 2025, which was later terminated due to the aforementioned allegations [2][3] Group 3: Legal Representation - Robbins Geller Rudman & Dowd LLP is representing investors in this class action lawsuit and is recognized as a leading law firm in securities fraud and shareholder litigation [5] - The firm has a strong track record, having recovered over $2.5 billion for investors in 2024 alone, and has been ranked 1 in securing monetary relief for investors [5]
HIMS STOCK UPDATE: Hims & Hers Health, Inc. (NYSE:HIMS) is being Sued for Securities Fraud – Contact BFA Law by August 25 Class Action Deadline
GlobeNewswire News Room· 2025-07-26 11:08
Core Viewpoint - A lawsuit has been filed against Hims & Hers Health, Inc. and its senior executives for potential violations of federal securities laws, following allegations of misrepresentation regarding a partnership with Novo Nordisk [1][2]. Group 1: Lawsuit Details - Investors have until August 25, 2025, to request to lead the case, which is pending in the U.S. District Court for the Northern District of California [2]. - The lawsuit asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Hims & Hers securities [2]. Group 2: Company Operations and Allegations - Hims & Hers operates a telehealth platform providing online consultations, prescription medications, and wellness products [3]. - The company announced a collaboration with Novo Nordisk on April 29, 2025, to sell the weight loss drug Wegovy on its platform [3]. - Allegations include misrepresentation of the partnership with Novo Nordisk, claiming compliance with FDA regulations regarding the sale of compounded semaglutide [4]. Group 3: Stock Impact - Following Novo Nordisk's announcement on June 23, 2025, that it was terminating the partnership due to Hims & Hers' deceptive practices, the company's stock price fell by $22.24 per share, a decline of over 34% [5].
Hims & Hers Stock Could Rocket To Meme Stock Fame — If Short Sellers Feel The Squeeze
Benzinga· 2025-07-25 20:00
Core Viewpoint - Hims & Hers Health, Inc. is experiencing a surge in retail investor interest, positioning it as a potential candidate for the next "meme stock" rally due to high short interest and social media attention [1] Group 1: Short Interest - Over 65 million shares of Hims & Hers, accounting for approximately 33.5% of its public float, are sold short, indicating a high level of short interest that makes it a target for a potential short squeeze [2] - This elevated short interest is significantly above average, attracting retail traders who often coordinate on social media platforms [2] Group 2: Social Media Buzz - Discussions surrounding Hims & Hers stock have surged nearly 1,000% in the past month, making it the twelfth most-mentioned stock on WallStreetBets [3] - The attention from individual investors is attributed to the company's innovative approach and brand equity, as noted by a trading behavior analyst [4] Group 3: Growth Potential - Analysts project Hims & Hers to achieve an EPS growth of nearly 178% in the next year, indicating strong growth potential that retail investors are keen to capitalize on [5] - The company has reported a significant revenue increase of 111% year-over-year and an expansion of its user base to 2.4 million subscribers, differentiating it from typical meme stocks [6] Group 4: Market Sentiment - Retail-driven momentum for Hims & Hers is expected to continue as long as the company maintains its growth, innovation, and user experience, alongside interest from institutional and online investors [7] - As of the latest publication, shares of Hims & Hers Health were up 0.79% at $57.7 [8]
Hims & Hers Health, Inc. Sued for Securities Law Violations – Investors Should Contact The Gross Law Firm for More Information – HIMS
GlobeNewswire News Room· 2025-07-24 19:59
NEW YORK, July 24, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Hims & Hers Health, Inc. (NYSE: HIMS). Shareholders who purchased shares of HIMS during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/hims-hers-health-inc-loss-submission-form/?id=157789&from=3 CLASS PERIOD: A ...