Healthequity Inc (NASDAQ:HQY) has been assigned an average recommendation of “Buy” from the nine analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $57.50.
HQY has been the topic of several analyst reports. BidaskClub upgraded Healthequity from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. Zacks Investment Research cut Healthequity from a “buy” rating to a “hold” rating and set a $62.00 target price on the stock. in a report on Tuesday, February 27th. Citigroup assumed coverage on Healthequity in a report on Thursday, January 4th. They issued a “buy” rating on the stock. Cantor Fitzgerald reissued a “buy” rating and issued a $56.00 price target on shares of Healthequity in a research note on Tuesday, December 5th. Finally, JPMorgan Chase & Co. dropped their price target on Healthequity from $52.00 to $51.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 24th.
In other Healthequity news, VP Darcy G. Mott sold 9,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $47.91, for a total value of $455,145.00. Following the transaction, the vice president now directly owns 96,500 shares of the company’s stock, valued at $4,623,315. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jon Kessler sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $49.47, for a total value of $1,978,800.00. Following the completion of the transaction, the insider now directly owns 485,000 shares in the company, valued at $23,992,950. The disclosure for this sale can be found here. Over the last three months, insiders sold 661,732 shares of company stock worth $34,493,276. Insiders own 29.00% of the company’s stock.
Several large investors have recently modified their holdings of the company. Grandeur Peak Global Advisors LLC raised its position in shares of Healthequity by 151.4% during the fourth quarter. Grandeur Peak Global Advisors LLC now owns 25,325 shares of the company’s stock worth $1,182,000 after purchasing an additional 15,250 shares during the period. Xact Kapitalforvaltning AB acquired a new position in shares of Healthequity during the fourth quarter worth approximately $220,000. Westover Capital Advisors LLC acquired a new position in shares of Healthequity during the fourth quarter worth approximately $702,000. MetLife Investment Advisors LLC acquired a new position in shares of Healthequity during the fourth quarter worth approximately $1,090,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Healthequity during the fourth quarter worth approximately $208,000. 99.63% of the stock is currently owned by institutional investors.
Shares of Healthequity (NASDAQ HQY) traded up $0.16 during mid-day trading on Wednesday, reaching $59.39. The company had a trading volume of 749,927 shares, compared to its average volume of 700,060. Healthequity has a 1-year low of $37.62 and a 1-year high of $60.00. The company has a market capitalization of $3,593.64, a PE ratio of 80.26, a PEG ratio of 2.26 and a beta of 1.46.
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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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