BUZZ-Hims & Hers jumps after buying at-home lab testing service
ReutersFeb 19, 2025 4:37 PM
Shares of telehealth firm Hims and Hers HIMS.N rise 16.1% to $67.94
Co acquires at-home lab testing service Trybe Labs, which offers at-home blood draws and whole body testing for subscribers
With at-home lab testing, customers will be able to access more information about their health and providers can recommend high-quality customized treatments - HIMS
HIMS expects to roll out at-home testing over the next year
HIMS funded the acquisition through cash on hand
"All-in, our general view is that we need to hear more. Seeing a category expansion, or in this case service expansion, is not a surprise on the surface" - brokerage Leerink Partners
Stock has risen 6x in the past 12 months
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