Healthequity Inc (NASDAQ:HQY) has been given an average recommendation of “Buy” by the thirteen research firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $66.33.
A number of research analysts recently issued reports on HQY shares. SunTrust Banks raised their target price on shares of Healthequity to $70.00 and gave the company a “buy” rating in a research note on Tuesday, March 20th. Oppenheimer raised their target price on shares of Healthequity from $58.00 to $68.00 and gave the company an “outperform” rating in a research note on Tuesday, March 20th. JPMorgan Chase lowered their target price on shares of Healthequity from $52.00 to $51.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 24th. Zacks Investment Research upgraded shares of Healthequity from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Tuesday, April 3rd. Finally, Barrington Research raised their target price on shares of Healthequity to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, March 20th.
In other Healthequity news, EVP Gary D. Robinson sold 1,500 shares of the stock in a transaction on Thursday, April 5th. The shares were sold at an average price of $63.85, for a total value of $95,775.00. Following the completion of the sale, the executive vice president now directly owns 4,490 shares of the company’s stock, valued at approximately $286,686.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Ashley Dreier sold 71,157 shares of the stock in a transaction on Thursday, March 22nd. The shares were sold at an average price of $65.48, for a total transaction of $4,659,360.36. Following the completion of the sale, the vice president now directly owns 21,059 shares of the company’s stock, valued at $1,378,943.32. The disclosure for this sale can be found here. Insiders sold a total of 736,581 shares of company stock worth $39,508,893 over the last quarter. 29.00% of the stock is currently owned by company insiders.
Shares of HQY traded down $0.25 during mid-day trading on Friday, hitting $63.99. 74,686 shares of the company’s stock were exchanged, compared to its average volume of 667,219. Healthequity has a twelve month low of $40.21 and a twelve month high of $68.75. The firm has a market cap of $3,866.19, a price-to-earnings ratio of 118.28, a price-to-earnings-growth ratio of 2.54 and a beta of 1.39.
Healthequity (NASDAQ:HQY) last announced its quarterly earnings results on Monday, March 19th. The company reported $0.06 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. Healthequity had a net margin of 20.64% and a return on equity of 13.47%. The company had revenue of $60.44 million for the quarter, compared to analyst estimates of $58.46 million. research analysts anticipate that Healthequity will post 0.77 EPS for the current year.
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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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