Healthequity Inc (NASDAQ:HQY) EVP Gary D. Robinson sold 197 shares of the stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $60.52, for a total value of $11,922.44. Following the sale, the executive vice president now owns 2,990 shares in the company, valued at $180,954.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
HQY stock opened at $62.82 on Friday. The firm has a market capitalization of $3,877.77, a PE ratio of 116.33, a PEG ratio of 2.55 and a beta of 1.39. Healthequity Inc has a 1 year low of $40.21 and a 1 year high of $68.75.
Healthequity (NASDAQ:HQY) last released its quarterly earnings results on Monday, March 19th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.06. The firm had revenue of $60.44 million for the quarter, compared to the consensus estimate of $58.46 million. Healthequity had a return on equity of 13.47% and a net margin of 20.64%. research analysts predict that Healthequity Inc will post 0.77 earnings per share for the current year.
Several analysts have commented on the company. Zacks Investment Research upgraded Healthequity from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research note on Tuesday, March 27th. Cantor Fitzgerald reiterated a “buy” rating and set a $65.00 target price on shares of Healthequity in a research note on Friday, March 23rd. KeyCorp increased their target price on Healthequity from $66.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday. Oppenheimer increased their target price on Healthequity from $58.00 to $68.00 and gave the company an “outperform” rating in a research note on Tuesday, March 20th. Finally, Barrington Research increased their target price on Healthequity to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, March 20th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Healthequity currently has an average rating of “Buy” and a consensus price target of $66.50.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Healthequity by 3.8% in the 4th quarter. BlackRock Inc. now owns 6,751,491 shares of the company’s stock worth $315,026,000 after buying an additional 244,819 shares during the last quarter. Eagle Asset Management Inc. boosted its stake in shares of Healthequity by 58.6% in the 4th quarter. Eagle Asset Management Inc. now owns 1,136,645 shares of the company’s stock worth $53,206,000 after buying an additional 419,914 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Healthequity by 49.5% in the 3rd quarter. Wells Fargo & Company MN now owns 1,108,410 shares of the company’s stock worth $56,063,000 after buying an additional 366,925 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Healthequity by 116.4% in the 4th quarter. Victory Capital Management Inc. now owns 1,031,711 shares of the company’s stock worth $48,139,000 after buying an additional 555,027 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Healthequity by 3.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 992,819 shares of the company’s stock worth $49,422,000 after buying an additional 31,147 shares during the last quarter. Hedge funds and other institutional investors own 99.38% of the company’s stock.
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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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