Healthequity Inc (NASDAQ:HQY)’s stock price traded down 1.9% during trading on Thursday . The company traded as low as $62.69 and last traded at $61.97, 22,446 shares changed hands during trading. A decline of 97% from the average session volume of 874,132 shares. The stock had previously closed at $63.19.
A number of research analysts have commented on the company. Bank of America raised Healthequity from a “neutral” rating to a “buy” rating and increased their target price for the stock from $75.00 to $90.00 in a report on Friday, July 19th. Raymond James increased their target price on Healthequity from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. BidaskClub downgraded Healthequity from a “buy” rating to a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. set a $80.00 price target on Healthequity and gave the stock an “overweight” rating in a report on Wednesday, June 5th. Finally, ValuEngine downgraded Healthequity from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Healthequity presently has a consensus rating of “Buy” and a consensus price target of $87.92.
The firm has a market cap of $4.24 billion, a P/E ratio of 64.44, a P/E/G ratio of 3.32 and a beta of 1.47. The company has a debt-to-equity ratio of 0.07, a quick ratio of 15.59 and a current ratio of 15.60. The firm has a fifty day moving average of $72.72 and a 200-day moving average of $72.39.
Healthequity (NASDAQ:HQY) last announced its earnings results on Tuesday, June 4th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.11. The firm had revenue of $87.05 million for the quarter, compared to the consensus estimate of $83.98 million. Healthequity had a return on equity of 14.17% and a net margin of 30.60%. Equities research analysts expect that Healthequity Inc will post 1.01 earnings per share for the current year.
In other news, CEO Jon Kessler purchased 10,000 shares of the stock in a transaction dated Friday, July 12th. The shares were bought at an average cost of $61.00 per share, for a total transaction of $610,000.00. Following the transaction, the chief executive officer now owns 442,410 shares in the company, valued at $26,987,010. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Darcy G. Mott sold 4,000 shares of Healthequity stock in a transaction on Monday, May 20th. The shares were sold at an average price of $68.17, for a total value of $272,680.00. Following the transaction, the vice president now owns 64,100 shares in the company, valued at $4,369,697. The disclosure for this sale can be found here. Insiders have sold a total of 37,899 shares of company stock worth $2,780,851 in the last ninety days. 3.70% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new position in shares of Healthequity in the 2nd quarter worth $25,000. BerganKDV Wealth Management LLC acquired a new position in shares of Healthequity in the 2nd quarter worth $26,000. FTB Advisors Inc. acquired a new position in shares of Healthequity in the 2nd quarter worth $27,000. Manchester Capital Management LLC acquired a new position in shares of Healthequity in the 1st quarter worth $36,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in shares of Healthequity in the 2nd quarter worth $39,000. Institutional investors own 97.10% of the company’s stock.
Healthequity Company Profile (NASDAQ:HQY)
HealthEquity, Inc provides various solutions for managing health care accounts, health reimbursement arrangements, and flexible spending accounts for health plans, insurance companies, and third-party administrators in the United States. The company offers healthcare saving and spending platform, a cloud-based platform for individuals to make health saving and spending decisions, pay healthcare bills, compare treatment options and prices, receive personalized benefit and clinical information, earn wellness incentives, grow their savings, and make investment choices; and health savings accounts.
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