Healthequity (HQY) Coverage Initiated by Analysts at Citigroup
Several other research analysts have also recently weighed in on the company. Zacks Investment Research upgraded Healthequity from a hold rating to a buy rating and set a $58.00 price objective on the stock in a research report on Wednesday, October 11th. BidaskClub raised shares of Healthequity from a sell rating to a hold rating in a research report on Thursday, September 28th. Cantor Fitzgerald reissued a buy rating and issued a $56.00 target price on shares of Healthequity in a research report on Tuesday, December 5th. Robert W. Baird restated a hold rating on shares of Healthequity in a research note on Thursday, September 21st. Finally, Oppenheimer reaffirmed a buy rating and set a $61.00 price target on shares of Healthequity in a research report on Wednesday, September 6th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $58.33.
Healthequity (NASDAQ:HQY) traded up $0.74 during trading on Thursday, hitting $48.02. The stock had a trading volume of 396,800 shares, compared to its average volume of 469,100. Healthequity has a 52 week low of $37.62 and a 52 week high of $55.31. The firm has a market capitalization of $2,868.60, a P/E ratio of 64.89, a price-to-earnings-growth ratio of 1.95 and a beta of 1.74.
In other Healthequity news, VP Darcy G. Mott sold 9,500 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The shares were 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 approximately $4,623,315. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Ashley Dreier sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $50.97, for a total transaction of $509,700.00. Following the completion of the transaction, the vice president now directly owns 15,652 shares in the company, valued at $797,782.44. The disclosure for this sale can be found here. Insiders have sold 1,445,573 shares of company stock worth $75,519,359 in the last three months. 29.00% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of the company. Zions Bancorporation acquired a new position in Healthequity during the third quarter valued at approximately $119,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Healthequity by 105.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,544 shares of the company’s stock valued at $127,000 after purchasing an additional 1,308 shares in the last quarter. Riverhead Capital Management LLC increased its stake in shares of Healthequity by 75.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,629 shares of the company’s stock valued at $131,000 after purchasing an additional 1,129 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of Healthequity by 7.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,686 shares of the company’s stock valued at $134,000 after purchasing an additional 191 shares during the last quarter. Finally, D.A. Davidson & CO. raised its holdings in shares of Healthequity by 15.2% during the 2nd quarter. D.A. Davidson & CO. now owns 3,326 shares of the company’s stock worth $165,000 after buying an additional 439 shares in the last quarter. 98.27% of the stock is owned by institutional investors.
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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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