Healthequity Inc (HQY) Receives Average Rating of “Buy” from Brokerages

Healthequity Inc (NASDAQ:HQY) has been given an average recommendation of “Buy” by the thirteen ratings firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $58.00.

HQY has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Healthequity from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Wednesday, October 11th. BidaskClub raised shares of Healthequity from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Cantor Fitzgerald reissued a “buy” rating and issued a $56.00 price objective on shares of Healthequity in a research note on Tuesday, December 5th. Citigroup assumed coverage on shares of Healthequity in a research note on Thursday, January 4th. They issued a “buy” rating for the company. Finally, Chardan Capital upped their price target on Healthequity from $58.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, December 6th.

In other news, major shareholder Berkley Capital, Llc sold 13,600 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $51.02, for a total transaction of $693,872.00. Following the transaction, the insider now directly owns 6,381 shares of the company’s stock, valued at $325,558.62. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Frank Medici sold 32,404 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $51.09, for a total value of $1,655,520.36. Following the transaction, the director now directly owns 6,381 shares in the company, valued at $326,005.29. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,099,034 shares of company stock worth $57,540,059. Insiders own 19.00% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Albion Financial Group UT boosted its holdings in Healthequity by 1.4% in the second quarter. Albion Financial Group UT now owns 8,694 shares of the company’s stock valued at $433,000 after purchasing an additional 120 shares during the last quarter. Suntrust Banks Inc. boosted its holdings in Healthequity by 2.7% in the second quarter. Suntrust Banks Inc. now owns 9,408 shares of the company’s stock valued at $468,000 after purchasing an additional 250 shares during the last quarter. NBW Capital LLC boosted its holdings in Healthequity by 0.8% in the second quarter. NBW Capital LLC now owns 37,266 shares of the company’s stock valued at $1,857,000 after purchasing an additional 292 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in Healthequity by 15.2% in the second quarter. D.A. Davidson & CO. now owns 3,326 shares of the company’s stock valued at $165,000 after purchasing an additional 439 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its holdings in Healthequity by 17.4% in the second quarter. Ameritas Investment Partners Inc. now owns 4,375 shares of the company’s stock valued at $218,000 after purchasing an additional 648 shares during the last quarter. 98.07% of the stock is currently owned by hedge funds and other institutional investors.

Healthequity (NASDAQ:HQY) opened at $48.76 on Tuesday. The company has a market cap of $2,960.00, a P/E ratio of 65.89, a P/E/G ratio of 1.99 and a beta of 1.74. Healthequity has a 12 month low of $37.62 and a 12 month high of $55.31.

Healthequity (NASDAQ:HQY) last issued its quarterly earnings data on Tuesday, December 5th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $56.80 million during the quarter, compared to the consensus estimate of $55.27 million. Healthequity had a net margin of 21.08% and a return on equity of 14.47%. Healthequity’s revenue for the quarter was up 31.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 earnings per share. equities analysts anticipate that Healthequity will post 0.71 earnings per share for the current fiscal year.

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About Healthequity

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.

Analyst Recommendations for Healthequity (NASDAQ:HQY)

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