Insider Selling: HealthEquity, Inc. (HQY) Director Sells 7,900 Shares of Stock
HealthEquity, Inc. (NASDAQ:HQY) Director Frank Medici sold 7,900 shares of the firm’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $51.11, for a total value of $403,769.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Frank Medici also recently made the following trade(s):
- On Monday, October 9th, Frank Medici sold 316,644 shares of HealthEquity stock. The shares were sold at an average price of $51.96, for a total value of $16,452,822.24.
HealthEquity, Inc. (NASDAQ HQY) traded up 1.19% during trading on Thursday, reaching $49.18. The company had a trading volume of 325,150 shares. The firm’s 50 day moving average price is $48.83 and its 200 day moving average price is $47.34. HealthEquity, Inc. has a 12-month low of $30.34 and a 12-month high of $54.95. The firm has a market capitalization of $2.97 billion, a PE ratio of 72.97 and a beta of 1.80.
HealthEquity (NASDAQ:HQY) last issued its earnings results on Tuesday, September 5th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.13. HealthEquity had a return on equity of 13.93% and a net margin of 20.27%. The business had revenue of $56.90 million during the quarter, compared to analysts’ expectations of $55.66 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The business’s revenue for the quarter was up 28.7% compared to the same quarter last year. Analysts anticipate that HealthEquity, Inc. will post $0.71 earnings per share for the current year.
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Institutional investors and hedge funds have recently modified their holdings of the business. Fifth Third Bancorp increased its holdings in HealthEquity by 382.8% in the 1st quarter. Fifth Third Bancorp now owns 2,414 shares of the company’s stock worth $102,000 after purchasing an additional 1,914 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in HealthEquity in the 1st quarter worth about $106,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in HealthEquity by 105.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,544 shares of the company’s stock worth $127,000 after purchasing an additional 1,308 shares in the last quarter. Riverhead Capital Management LLC increased its holdings in HealthEquity by 75.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,629 shares of the company’s stock worth $131,000 after purchasing an additional 1,129 shares in the last quarter. Finally, Exane Derivatives acquired a new position in HealthEquity in the 2nd quarter worth about $132,000. 90.95% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently weighed in on the company. BidaskClub lowered HealthEquity from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. TheStreet upgraded HealthEquity from a “c” rating to a “b” rating in a research note on Monday, July 31st. Zacks Investment Research lowered HealthEquity from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Robert W. Baird restated a “hold” rating on shares of HealthEquity in a research note on Thursday, September 21st. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $61.00 target price on shares of HealthEquity in a research note on Wednesday, September 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $57.17.
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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