(NASDAQ:HQY) shares saw heavy trading volume with 576K shares changing hands in the last trading session.
Among 12 analysts covering HealthEquity Inc (NASDAQ:HQY), 10 have Buy rating, 0 Sell and 2 Hold. (NASDAQ:HQY) from a c rating to a b rating in a research report released on Monday, July 31st. Chardan Capital boosted their price objective on HealthEquity from $53.00 to $57.00 and gave the stock a "buy" rating in a research report on Wednesday, June 7th. The stock of Healthequity Inc (NASDAQ:HQY) has "Buy" rating given on Tuesday, December 13 by Chardan Capital Markets. Oppenheimer Holdings, Inc. restated an outperform rating and set a $61.00 price target (up previously from $57.00) on shares of HealthEquity in a research note on Monday, June 12th. Cantor Fitzgerald maintained Healthequity Inc (NASDAQ:HQY) on Thursday, July 13 with "Buy" rating. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company's stock. The company has an average rating of "Buy" and a consensus target price of $50.22. (NASDAQ HQY) traded down 2.62% during trading on Friday, hitting $44.93. With 891,500 shares average volume, it will take short sellers 4 days to cover their HQY's short positions. The company has a 50-day moving average price of $48.74 and a 200-day moving average price of $46.12.
The P/E ratio is now 84.45 and market capitalization is 2.69B.
HealthEquity (NASDAQ:HQY) last announced its earnings results on Tuesday, June 6th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.03. HealthEquity had a net margin of 17.04% and a return on equity of 11.61%. The firm had revenue of $55.40 million for the quarter, compared to the consensus estimate of $54.77 million. During the same quarter in the previous year, the company posted $0.15 EPS. The firm's revenue was up 25.9% compared to the same quarter past year. On average, equities analysts anticipate that HealthEquity, Inc. will post $0.58 EPS for the current fiscal year. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and worldwide trademark and copyright law. If you are accessing this story on another domain, it was illegally stolen and republished in violation of global trademark & copyright legislation.
In related news, VP Ashley Dreier sold 10,000 shares of the company's stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $52.03, for a total value of $10,973,439.18. Following the completion of the transaction, the director now owns 6,381 shares of the company's stock, valued at $326,962.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
In other news, insider Stephen Neeleman sold 8,500 shares of the company's stock in a transaction on Monday, July 17th. FMR LLC now owns 1,248,441 shares of the company's stock valued at $50,587,000 after buying an additional 680,671 shares during the last quarter. Over the last three months, insiders sold 2,440,821 shares of company stock valued at $125,325,268. Teachers Retirement System of The State of Kentucky now owns 13,600 shares of the company's stock valued at $551,000 after buying an additional 1,600 shares during the period. Alps Advisors Inc. boosted its stake in shares of HealthEquity by 0.3% in the second quarter. TimesSquare Capital Management LLC purchased a new stake in shares of HealthEquity during the second quarter valued at approximately $25,822,000. NBW Capital LLC now owns 36,974 shares of the company's stock valued at $1,570,000 after buying an additional 17,098 shares during the last quarter. Finally, Highbridge Capital Management LLC bought a new stake in HealthEquity during the fourth quarter valued at about $1,003,000. Janney Montgomery Scott LLC now owns 10,950 shares of the company's stock valued at $465,000 after buying an additional 1,650 shares in the last quarter. Oppenheimer Asset Management Inc. now owns 2,686 shares of the company's stock worth $134,000 after buying an additional 191 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its stake in HealthEquity by 2.8% in the fourth quarter. Artisan Partners Limited Partnership claims 371,325 shares with a value of $18,503,000. Hedge funds and other institutional investors own 90.26% of the company's stock.
HealthEquity, Inc., launched on October 18, 2002, is a provider of 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.