HealthEquity’s (HQY) “Buy” Rating Reiterated at Cantor Fitzgerald
A number of other equities analysts have also commented on the stock. Oppenheimer Holdings, Inc. reissued an outperform rating and issued a $61.00 price target (up previously from $57.00) on shares of HealthEquity in a research report on Monday, June 12th. Chardan Capital lifted their price target on shares of HealthEquity from $53.00 to $57.00 and gave the company a buy rating in a research report on Wednesday, June 7th. Zacks Investment Research raised shares of HealthEquity from a hold rating to a buy rating and set a $54.00 price target on the stock in a research report on Wednesday, July 12th. BidaskClub lowered shares of HealthEquity from a buy rating to a hold rating in a research report on Monday, July 24th. Finally, TheStreet raised shares of HealthEquity from a c rating to a b rating in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $50.22.
Shares of HealthEquity (NASDAQ:HQY) opened at 42.64 on Tuesday. The company has a market capitalization of $2.56 billion, a P/E ratio of 80.15 and a beta of 1.73. HealthEquity has a one year low of $30.34 and a one year high of $54.95. The firm has a 50-day moving average price of $46.03 and a 200-day moving average price of $45.83.
HealthEquity (NASDAQ:HQY) last released its quarterly earnings results on Tuesday, June 6th. The company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. HealthEquity had a net margin of 17.04% and a return on equity of 11.61%. The company had revenue of $55.40 million for the quarter, compared to analyst estimates of $54.77 million. During the same quarter last year, the firm posted $0.15 earnings per share. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. Equities analysts forecast that HealthEquity will post $0.60 earnings per share for the current year.
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In related news, VP Jon Soldan sold 25,000 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $40.68, for a total transaction of $1,017,000.00. Following the transaction, the vice president now owns 30,652 shares of the company’s stock, valued at $1,246,923.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Darcy G. Mott sold 9,500 shares of the business’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $42.00, for a total transaction of $399,000.00. Following the transaction, the vice president now directly owns 84,500 shares in the company, valued at approximately $3,549,000. The disclosure for this sale can be found here. Insiders have sold 2,443,821 shares of company stock worth $125,203,393 in the last ninety days. 29.00% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in HQY. BlackRock Inc. increased its stake in HealthEquity by 157,852.9% in the first quarter. BlackRock Inc. now owns 5,589,953 shares of the company’s stock worth $237,293,000 after buying an additional 5,586,414 shares in the last quarter. Janus Henderson Group PLC increased its stake in HealthEquity by 627.9% in the second quarter. Janus Henderson Group PLC now owns 2,113,030 shares of the company’s stock worth $105,292,000 after buying an additional 1,822,732 shares in the last quarter. FMR LLC increased its stake in HealthEquity by 45.6% in the second quarter. FMR LLC now owns 2,235,150 shares of the company’s stock worth $111,378,000 after buying an additional 699,728 shares in the last quarter. TimesSquare Capital Management LLC acquired a new stake in HealthEquity during the second quarter worth $25,822,000. Finally, Henderson Group PLC acquired a new stake in HealthEquity during the first quarter worth $12,323,000. 91.86% of the stock is currently owned by institutional investors and hedge funds.
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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