Movement Alert|Hims & Hers Health Inc. Falls 5.01% in Regular Trading, Visa Monitoring Program and FTC Lawsuit Continue to Pressure Rebound

Market Focus08-28 21:58

On August 28, Hims & Hers Health Inc. fell 5.01% in regular trading, trading at $30.075/share, with turnover of $48.26 million. Despite Needham raising its target price to $42, which briefly lifted shares over 5%, the rally was quickly reversed as multiple headwinds persisted.

The company remains enrolled in Visa's Acquirer Monitoring Program following a surge in credit card disputes in its weight-loss subscription business in July. Each dispute carries an $8 surcharge resulting in a bill of nearly $75,000 in September. Hims must bring its dispute rate below 1.5% of transactions for three consecutive months to exit the program. Adding to the pressure, the FTC lawsuit alleging the company shared user health data with Meta and Snap without consent continues to weigh on sentiment. Meanwhile, Barclays lowered its price target from $39 to $35, maintaining an overweight rating, further constraining upside potential amid ongoing compliance and valuation concerns.

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