Equities research analysts at Citigroup started coverage on shares of Healthequity (NASDAQ:HQY) in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage set a “buy” rating on the stock.
A number of other research analysts have also issued reports on HQY. Oppenheimer reaffirmed a “buy” rating and set a $61.00 target price on shares of Healthequity in a report on Wednesday, September 6th. BidaskClub raised Healthequity from a “strong sell” rating to a “sell” rating in a report on Friday, September 15th. Robert W. Baird reaffirmed a “hold” rating on shares of Healthequity in a report on Thursday, September 21st. Cantor Fitzgerald reaffirmed a “buy” rating and set a $56.00 target price on shares of Healthequity in a report on Monday, September 25th. Finally, Zacks Investment Research raised Healthequity from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Wednesday, October 11th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Healthequity presently has a consensus rating of “Buy” and a consensus target price of $58.33.
Shares of Healthequity (NASDAQ HQY) opened at $47.28 on Thursday. Healthequity has a one year low of $37.62 and a one year high of $55.31. The firm has a market cap of $2,819.46, a PE ratio of 63.89, a P/E/G ratio of 1.92 and a beta of 1.74.
Healthequity (NASDAQ:HQY) last released its earnings results on Tuesday, December 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The firm had revenue of $56.80 million for the quarter, compared to analyst estimates of $55.27 million. Healthequity had a return on equity of 14.47% and a net margin of 21.08%. Healthequity’s revenue was up 31.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.10 earnings per share. sell-side analysts forecast that Healthequity will post 0.71 EPS for the current fiscal year.
In other news, major shareholder Berkley Capital, Llc sold 373,500 shares of Healthequity stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $53.21, for a total transaction of $19,873,935.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Frank Medici sold 316,644 shares of Healthequity stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $51.96, for a total value of $16,452,822.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,474,605 shares of company stock worth $77,028,152. Company insiders own 29.00% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Alps Advisors Inc. lifted its holdings in Healthequity by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 10,729 shares of the company’s stock worth $535,000 after purchasing an additional 28 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Healthequity by 0.6% during the second quarter. Louisiana State Employees Retirement System now owns 15,700 shares of the company’s stock worth $477,000 after buying an additional 100 shares during the last quarter. Neuburgh Advisers LLC lifted its holdings in shares of Healthequity by 0.4% during the first quarter. Neuburgh Advisers LLC now owns 31,968 shares of the company’s stock worth $1,357,000 after buying an additional 112 shares during the last quarter. Albion Financial Group UT lifted its holdings in shares of Healthequity by 1.4% during the second quarter. Albion Financial Group UT now owns 8,694 shares of the company’s stock worth $433,000 after buying an additional 120 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its holdings in shares of Healthequity by 1.7% during the third quarter. Municipal Employees Retirement System of Michigan now owns 7,840 shares of the company’s stock worth $297,000 after buying an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 98.27% of the company’s stock.
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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.