HQY has been the topic of several other reports. Zacks Investment Research lowered shares of Healthequity from a hold rating to a sell rating in a report on Monday, December 12th. Chardan Capital reaffirmed a buy rating and issued a $47.00 price target on shares of Healthequity in a report on Tuesday, February 7th. FIX assumed coverage on shares of Healthequity in a report on Tuesday, March 14th. They issued an outperform rating on the stock. Oppenheimer Holdings Inc. began coverage on shares of Healthequity in a report on Monday, March 13th. They issued an outperform rating and a $58.00 price target on the stock. Finally, KeyCorp began coverage on shares of Healthequity in a research note on Monday, January 23rd. They set an overweight rating and a $60.00 target price on the stock. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Healthequity has a consensus rating of Buy and an average target price of $44.70.
Shares of Healthequity (NASDAQ:HQY) opened at 41.28 on Wednesday. Healthequity has a 52 week low of $22.26 and a 52 week high of $49.25. The company has a market capitalization of $2.46 billion, a PE ratio of 93.82 and a beta of 1.94. The firm’s 50-day moving average price is $43.52 and its 200 day moving average price is $40.78.
Healthequity (NASDAQ:HQY) last posted its quarterly earnings results on Tuesday, March 21st. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.04 by $0.03. Healthequity had a net margin of 15.19% and a return on equity of 11.08%. The company had revenue of $46.83 million for the quarter, compared to analyst estimates of $45.55 million. During the same period in the prior year, the company earned $0.07 earnings per share. The firm’s revenue was up 30.4% on a year-over-year basis. Equities analysts predict that Healthequity will post $0.57 EPS for the current year.
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In related news, insider Stephen Neeleman sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, March 22nd. The shares were sold at an average price of $46.18, for a total value of $55,416.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Ashley Dreier sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $45.80, for a total transaction of $229,000.00. Following the completion of the transaction, the vice president now directly owns 5,000 shares in the company, valued at $229,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,221,920 shares of company stock worth $56,457,573. Corporate insiders own 29.00% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Macquarie Group Ltd. bought a new position in shares of Healthequity during the second quarter worth $2,309,000. Capstone Asset Management Co. raised its position in shares of Healthequity by 18.5% in the third quarter. Capstone Asset Management Co. now owns 12,680 shares of the company’s stock worth $480,000 after buying an additional 1,980 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co bought a new position in shares of Healthequity during the third quarter worth $454,000. Lebenthal Lisanti Capital Growth LLC bought a new position in shares of Healthequity during the third quarter worth $666,000. Finally, Louisiana State Employees Retirement System raised its position in shares of Healthequity by 21.0% in the third quarter. Louisiana State Employees Retirement System now owns 19,000 shares of the company’s stock worth $719,000 after buying an additional 3,300 shares in the last quarter. 89.22% of the stock is currently owned by hedge funds and other institutional investors.
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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