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Hims COO to depart in coming months

Hims & Hers Chief Operating Officer Melissa Baird will transition to an advisory role, the company announced in a Monday evening regulatory filing.

Baird, who has been at the company since 2018, shortly after it was founded, will stay at the company until her successor “has been identified, is in place, and fully up to speed on the business,” Hims & Hers said. From there, “Baird and the Company will enter into a long-term agreement at the time of her transition so the Company can continue to benefit from her specialized expertise.”

Hims stock was down slightly in after-hours trading. The company has taken a while to fill its Chief Technology Officer role, which has been open for over a year and faces a complicated turning point for its weight-loss segment, the fastest-growing part of the business.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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