HealthEquity, Inc. (NASDAQ:HQY) CEO Jon Kessler Sells 32,326 Shares

HealthEquity, Inc. (NASDAQ:HQY) CEO Jon Kessler sold 32,326 shares of the company’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $82.83, for a total value of $2,677,562.58. Following the sale, the chief executive officer now owns 232,176 shares of the company’s stock, valued at $19,231,138.08. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

HealthEquity Stock Performance

Shares of HQY opened at $86.20 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.39 and a current ratio of 4.39. The stock has a 50-day moving average of $81.03 and a two-hundred day moving average of $78.04. The stock has a market cap of $7.50 billion, a P/E ratio of 93.70, a P/E/G ratio of 1.40 and a beta of 0.55. HealthEquity, Inc. has a one year low of $61.32 and a one year high of $87.72.

HealthEquity (NASDAQ:HQY) last released its earnings results on Monday, June 3rd. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.08. HealthEquity had a return on equity of 7.77% and a net margin of 7.71%. The firm had revenue of $287.60 million during the quarter, compared to the consensus estimate of $278.78 million. As a group, research analysts predict that HealthEquity, Inc. will post 2.12 EPS for the current year.

Institutional Trading of HealthEquity

Large investors have recently made changes to their positions in the business. GM Advisory Group LLC lifted its holdings in HealthEquity by 300.8% in the fourth quarter. GM Advisory Group LLC now owns 120,355 shares of the company’s stock valued at $7,980,000 after acquiring an additional 90,329 shares during the period. Vontobel Holding Ltd. increased its holdings in shares of HealthEquity by 96.3% during the 4th quarter. Vontobel Holding Ltd. now owns 73,564 shares of the company’s stock valued at $4,877,000 after purchasing an additional 36,085 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of HealthEquity by 58.2% in the 4th quarter. Mackenzie Financial Corp now owns 1,807,407 shares of the company’s stock valued at $119,831,000 after purchasing an additional 664,979 shares during the period. Forest Hill Capital LLC purchased a new stake in HealthEquity during the fourth quarter worth $2,021,000. Finally, Norges Bank acquired a new stake in HealthEquity during the fourth quarter valued at $43,482,000. 99.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on HQY shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $92.00 target price on shares of HealthEquity in a report on Tuesday, June 4th. JMP Securities increased their target price on shares of HealthEquity from $101.00 to $105.00 and gave the company a “market outperform” rating in a research report on Tuesday, June 4th. JPMorgan Chase & Co. lifted their price target on shares of HealthEquity from $86.00 to $108.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Robert W. Baird increased their price objective on HealthEquity from $98.00 to $104.00 and gave the company an “outperform” rating in a report on Tuesday, June 4th. Finally, BTIG Research boosted their target price on HealthEquity from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.67.

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.