StockNews.com Begins Coverage on HealthEquity (NASDAQ:HQY)

StockNews.com started coverage on shares of HealthEquity (NASDAQ:HQY – Get Rating) in a report released on Thursday. The brokerage issued a hold rating on the stock.

HQY has been the topic of a number of other reports. Guggenheim raised their price target on shares of HealthEquity from $89.00 to $94.00 and gave the company a buy rating in a research note on Wednesday, December 7th. Wells Fargo & Company dropped their price objective on shares of HealthEquity from $101.00 to $89.00 and set an overweight rating for the company in a report on Friday, February 3rd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of HealthEquity from $68.00 to $72.00 and gave the company a buy rating in a report on Tuesday, January 24th. Robert W. Baird raised their price objective on shares of HealthEquity to $75.00 in a report on Monday, December 12th. Finally, Royal Bank of Canada raised their price objective on shares of HealthEquity from $70.00 to $75.00 in a report on Monday, December 5th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $80.62.

HealthEquity Trading Down 5.4 %

NASDAQ HQY traded down $3.17 on Thursday, hitting $55.83. 1,357,039 shares of the stock were exchanged, compared to its average volume of 851,796. The business’s fifty day moving average is $61.45 and its 200 day moving average is $65.15. HealthEquity has a 52 week low of $52.27 and a 52 week high of $79.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.01 and a current ratio of 3.01.

Institutional Trading of HealthEquity

Several hedge funds and other institutional investors have recently bought and sold shares of HQY. Rockefeller Capital Management L.P. boosted its position in shares of HealthEquity by 2.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 7,727 shares of the company’s stock valued at $476,000 after buying an additional 167 shares during the last quarter. Metropolitan Life Insurance Co NY increased its stake in HealthEquity by 3.6% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 5,190 shares of the company’s stock worth $320,000 after acquiring an additional 179 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in HealthEquity by 0.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 59,666 shares of the company’s stock worth $4,007,000 after acquiring an additional 196 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of HealthEquity by 0.9% in the 4th quarter. Louisiana State Employees Retirement System now owns 22,600 shares of the company’s stock worth $1,393,000 after purchasing an additional 200 shares during the period. Finally, Quadrant Capital Group LLC boosted its holdings in HealthEquity by 62.7% during the 4th quarter. Quadrant Capital Group LLC now owns 540 shares of the company’s stock valued at $33,000 after acquiring an additional 208 shares during the period. Hedge funds and other institutional investors own 99.54% of the company’s stock.

About HealthEquity

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HealthEquity, Inc provides range of solutions for managing health care accounts. The firm’s offers its solutions for employers, health plans, brokers, consultants and financial advisors. Its services include HAS, FSA, HRA, DCRA, 401(k), Commuter, COBRA and HIA. It also offers products like healthcare saving and spending platform, health savings accounts, investment advisory services, reimbursement arrangements, and healthcare incentives.