HealthEquity, Inc. (NASDAQ:HQY) Receives $112.92 Average Price Target from Brokerages

Shares of HealthEquity, Inc. (NASDAQ:HQY) have been given an average recommendation of “Buy” by the thirteen research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $112.23.

A number of brokerages recently weighed in on HQY. Raymond James raised shares of HealthEquity from an “outperform” rating to a “strong-buy” rating and cut their price target for the stock from $120.00 to $115.00 in a report on Tuesday. Barrington Research reissued an “outperform” rating and set a $112.00 target price on shares of HealthEquity in a research report on Friday, March 14th. The Goldman Sachs Group lowered their price target on shares of HealthEquity from $107.00 to $94.00 and set a “neutral” rating on the stock in a report on Thursday. Mizuho initiated coverage on HealthEquity in a report on Wednesday, December 4th. They set an “outperform” rating and a $126.00 price objective for the company. Finally, Wells Fargo & Company boosted their target price on HealthEquity from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th.

Insiders Place Their Bets

In related news, Director Robert W. Selander sold 5,750 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $111.29, for a total transaction of $639,917.50. Following the sale, the director now owns 78,219 shares of the company’s stock, valued at approximately $8,704,992.51. This represents a 6.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Arcadia Investment Management Corp MI purchased a new stake in shares of HealthEquity in the fourth quarter worth $26,000. Transce3nd LLC purchased a new stake in shares of HealthEquity in the 4th quarter valued at about $29,000. Smartleaf Asset Management LLC grew its holdings in shares of HealthEquity by 34.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 384 shares of the company’s stock worth $37,000 after purchasing an additional 98 shares in the last quarter. UMB Bank n.a. increased its position in shares of HealthEquity by 65.6% in the fourth quarter. UMB Bank n.a. now owns 414 shares of the company’s stock worth $40,000 after purchasing an additional 164 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its stake in HealthEquity by 1,934.8% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 468 shares of the company’s stock valued at $45,000 after purchasing an additional 445 shares in the last quarter. 99.55% of the stock is currently owned by hedge funds and other institutional investors.

HealthEquity Stock Down 0.4 %

Shares of NASDAQ:HQY opened at $88.83 on Friday. HealthEquity has a 1 year low of $65.01 and a 1 year high of $115.59. The company has a market capitalization of $7.68 billion, a PE ratio of 81.50, a price-to-earnings-growth ratio of 1.60 and a beta of 0.62. The business has a fifty day moving average price of $103.94 and a two-hundred day moving average price of $95.84. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.20 and a quick ratio of 3.20.

HealthEquity Company Profile

HealthEquity, Inc provides technology-enabled services platforms to consumers and employers in the United States. The company offers cloud-based platforms for individuals to make health saving and spending decisions, pay healthcare bills, receive personalized benefit information, earn wellness incentives, grow their savings, and make investment choices; and health savings accounts.