Chardan Capital Boosts Healthequity (HQY) Price Target to $62.00
Healthequity (NASDAQ:HQY) had its price objective raised by Chardan Capital from $58.00 to $62.00 in a note issued to investors on Wednesday, MarketBeat reports. The firm presently has a “buy” rating on the stock. Chardan Capital’s target price would suggest a potential upside of 34.78% from the stock’s previous close.
A number of other analysts have also recently issued reports on the company. Zacks Investment Research raised Healthequity from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Wednesday, October 11th. Cantor Fitzgerald reissued a “buy” rating and set a $56.00 price objective on shares of Healthequity in a report on Tuesday, August 29th. BidaskClub cut Healthequity from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Finally, Oppenheimer reissued a “buy” rating and set a $61.00 price objective on shares of Healthequity in a report on Wednesday, September 6th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $58.33.
Healthequity (NASDAQ HQY) traded down $2.49 during mid-day trading on Wednesday, hitting $46.00. The stock had a trading volume of 1,624,531 shares, compared to its average volume of 527,424. The company has a market cap of $2,955.48, a P/E ratio of 77.56, a price-to-earnings-growth ratio of 2.14 and a beta of 1.74. Healthequity has a 12 month low of $37.62 and a 12 month high of $55.31.
In other Healthequity news, insider Stephen Neeleman sold 8,500 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $45.24, for a total value of $384,540.00. Following the sale, the insider now owns 1,000 shares of the company’s stock, valued at approximately $45,240. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frank Medici sold 700 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $51.05, for a total value of $35,735.00. Following the completion of the sale, the director now directly owns 6,381 shares in the company, valued at approximately $325,750.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,743,212 shares of company stock worth $91,145,351. Insiders own 19.00% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in HQY. Zions Bancorporation purchased a new position in shares of Healthequity during the 3rd quarter valued at about $119,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Healthequity by 105.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,544 shares of the company’s stock valued at $127,000 after buying an additional 1,308 shares in the last quarter. Riverhead Capital Management LLC raised its holdings in shares of Healthequity by 75.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,629 shares of the company’s stock valued at $131,000 after buying an additional 1,129 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Healthequity by 7.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,686 shares of the company’s stock valued at $134,000 after buying an additional 191 shares in the last quarter. Finally, Fortaleza Asset Management Inc. purchased a new position in shares of Healthequity during the 2nd quarter valued at about $138,000. 98.60% of the stock is currently owned by institutional investors.
ILLEGAL ACTIVITY WARNING: “Chardan Capital Boosts Healthequity (HQY) Price Target to $62.00” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/06/chardan-capital-boosts-healthequity-hqy-price-target-to-62-00.html.
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.
Receive News & Ratings for Healthequity Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthequity Inc and related companies with MarketBeat.com's FREE daily email newsletter.