HealthEquity, Inc. (HQY) Given Average Rating of “Buy” by Analysts
HealthEquity, Inc. (NASDAQ:HQY) has received an average rating of “Buy” from the thirteen brokerages that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $49.75.
A number of analysts have commented on the stock. Cantor Fitzgerald boosted their price target on shares of HealthEquity from $55.00 to $56.00 and gave the company an “overweight” rating in a research note on Wednesday. CIBC assumed coverage on shares of HealthEquity in a research note on Tuesday, March 14th. They set an “outperform” rating for the company. FIX assumed coverage on shares of HealthEquity in a research note on Tuesday, March 14th. They set an “outperform” rating for the company. Oppenheimer Holdings, Inc. assumed coverage on shares of HealthEquity in a research note on Monday, March 13th. They set an “outperform” rating and a $58.00 price target for the company. Finally, Chardan Capital boosted their price target on shares of HealthEquity from $53.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, June 7th.
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HealthEquity (NASDAQ HQY) opened at 48.30 on Friday. HealthEquity has a one year low of $27.45 and a one year high of $54.95. The firm has a market cap of $2.90 billion, a PE ratio of 90.79 and a beta of 1.79. The company’s 50-day moving average is $48.61 and its 200 day moving average is $45.03.
HealthEquity (NASDAQ:HQY) last announced its quarterly earnings results on Tuesday, June 6th. The company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. The business had revenue of $55.40 million during the quarter, compared to analyst estimates of $54.77 million. HealthEquity had a net margin of 17.04% and a return on equity of 11.61%. HealthEquity’s quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 EPS. Equities analysts anticipate that HealthEquity will post $0.58 earnings per share for the current year.
In related news, VP Darcy G. Mott sold 10,000 shares of the business’s stock in a transaction dated Thursday, April 20th. The shares were sold at an average price of $43.44, for a total value of $434,400.00. Following the transaction, the vice president now directly owns 82,000 shares of the company’s stock, valued at approximately $3,562,080. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Berkley Capital, Llc sold 56,067 shares of the business’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $51.79, for a total transaction of $2,903,709.93. The disclosure for this sale can be found here. Insiders have sold a total of 986,916 shares of company stock worth $50,916,401 over the last ninety days. Insiders own 29.00% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp increased its stake in HealthEquity by 382.8% in the first quarter. Fifth Third Bancorp now owns 2,414 shares of the company’s stock valued at $102,000 after buying an additional 1,914 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in HealthEquity during the first quarter valued at approximately $106,000. Arcadia Investment Management Corp MI increased its stake in HealthEquity by 81.7% in the first quarter. Arcadia Investment Management Corp MI now owns 2,515 shares of the company’s stock valued at $107,000 after buying an additional 1,131 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in HealthEquity during the first quarter valued at approximately $158,000. Finally, State of Alaska Department of Revenue increased its stake in HealthEquity by 4.3% in the first quarter. State of Alaska Department of Revenue now owns 4,850 shares of the company’s stock valued at $205,000 after buying an additional 200 shares during the period. 91.92% of the stock is currently owned by institutional investors and hedge funds.
HealthEquity Company Profile
HealthEquity, Inc provides a range of solutions for managing healthcare accounts (Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs) and Flexible Spending Accounts (FSAs)) for health plans, insurance companies and third-party administrators. The Company is engaged in technology-enabled services platforms that allow consumers to make healthcare saving and spending decisions.
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