HealthEquity, Inc. (NASDAQ:HQY) had its price target upped by Cantor Fitzgerald from $55.00 to $56.00 in a research report report published on Wednesday. Cantor Fitzgerald currently has an overweight rating on the stock.
HQY has been the topic of several other reports. CIBC initiated coverage on shares of HealthEquity in a report on Tuesday, March 14th. They set an outperform rating on the stock. FIX initiated coverage on shares of HealthEquity in a report on Tuesday, March 14th. They set an outperform rating on the stock. J P Morgan Chase & Co upped their price target on shares of HealthEquity from $44.00 to $51.00 and gave the company an overweight rating in a report on Wednesday, March 22nd. Oppenheimer Holdings, Inc. initiated coverage on shares of HealthEquity in a report on Monday, March 13th. They set an outperform rating and a $58.00 price target on the stock. Finally, Wells Fargo & Company initiated coverage on shares of HealthEquity in a report on Tuesday, March 14th. They set an outperform rating on the stock. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. HealthEquity presently has a consensus rating of Buy and an average price target of $48.56.
HealthEquity (NASDAQ HQY) traded down 1.99% during mid-day trading on Wednesday, hitting $49.19. The company had a trading volume of 212,041 shares. HealthEquity has a 1-year low of $27.45 and a 1-year high of $54.95. The stock has a 50 day moving average price of $48.61 and a 200-day moving average price of $45.03. The stock has a market capitalization of $2.95 billion, a PE ratio of 92.46 and a beta of 1.79.
HealthEquity (NASDAQ:HQY) last announced its earnings results on Tuesday, June 6th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. The firm had revenue of $55.40 million for the quarter, compared to analysts’ expectations of $54.77 million. HealthEquity had a net margin of 17.04% and a return on equity of 11.61%. The business’s revenue was up 25.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.15 EPS. On average, analysts forecast that HealthEquity will post $0.58 earnings per share for the current year.
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In other news, major shareholder Berkley Capital, Llc sold 248,351 shares of the stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $52.80, for a total transaction of $13,112,932.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Darcy G. Mott sold 10,000 shares of the stock in a transaction that occurred on Thursday, April 20th. The shares were sold at an average price of $43.44, for a total transaction of $434,400.00. Following the transaction, the vice president now owns 82,000 shares in the company, valued at $3,562,080. The disclosure for this sale can be found here. Insiders sold a total of 1,407,712 shares of company stock worth $72,065,845 over the last 90 days. Insiders own 29.00% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in HQY. Neuburgh Advisers LLC increased its position in HealthEquity by 0.4% in 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 in the last quarter. Glen Harbor Capital Management LLC increased its position in HealthEquity by 0.4% in the first quarter. Glen Harbor Capital Management LLC now owns 43,956 shares of the company’s stock worth $1,866,000 after buying an additional 154 shares in the last quarter. Elkfork Partners LLC increased its position in HealthEquity by 0.4% in the first quarter. Elkfork Partners LLC now owns 55,944 shares of the company’s stock worth $2,375,000 after buying an additional 196 shares in the last quarter. State of Alaska Department of Revenue increased its position in HealthEquity by 4.3% in the first quarter. State of Alaska Department of Revenue now owns 4,850 shares of the company’s stock worth $205,000 after buying an additional 200 shares in the last quarter. Finally, Allegis Investment Advisors LLC increased its position in HealthEquity by 2.4% in the first quarter. Allegis Investment Advisors LLC now owns 10,237 shares of the company’s stock worth $435,000 after buying an additional 237 shares in the last quarter. Hedge funds and other institutional investors own 91.92% of the company’s stock.
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.
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