HealthEquity, Inc. (NASDAQ:HQY - Get Free Report) Director Robert W. Selander sold 5,750 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $111.29, for a total transaction of $639,917.50. Following the transaction, the director now directly owns 78,219 shares of the company's stock, valued at approximately $8,704,992.51. This trade represents a 6.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
HealthEquity Stock Up 1.8 %
NASDAQ HQY opened at $114.51 on Thursday. The stock has a market cap of $9.92 billion, a PE ratio of 105.06, a P/E/G ratio of 1.61 and a beta of 0.55. The business has a 50 day moving average price of $101.63 and a two-hundred day moving average price of $90.37. HealthEquity, Inc. has a fifty-two week low of $65.01 and a fifty-two week high of $114.69. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.51.
HealthEquity (NASDAQ:HQY - Get Free Report) last posted its quarterly earnings data on Monday, December 9th. The company reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.71 by ($0.12). HealthEquity had a net margin of 8.41% and a return on equity of 9.70%. During the same quarter in the prior year, the company earned $0.40 EPS. As a group, sell-side analysts predict that HealthEquity, Inc. will post 2.32 EPS for the current fiscal year.
Institutional Investors Weigh In On HealthEquity
A number of hedge funds have recently made changes to their positions in HQY. Truist Financial Corp increased its holdings in shares of HealthEquity by 7.0% in the second quarter. Truist Financial Corp now owns 2,864 shares of the company's stock valued at $247,000 after buying an additional 188 shares in the last quarter. GAMMA Investing LLC increased its holdings in HealthEquity by 57.8% in the third quarter. GAMMA Investing LLC now owns 939 shares of the company's stock worth $77,000 after buying an additional 344 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of HealthEquity by 17.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 9,568 shares of the company's stock valued at $783,000 after purchasing an additional 1,414 shares in the last quarter. Paladin Wealth LLC acquired a new stake in shares of HealthEquity in the third quarter worth about $39,000. Finally, Creative Planning boosted its position in HealthEquity by 18.6% during the third quarter. Creative Planning now owns 23,632 shares of the company's stock worth $1,934,000 after purchasing an additional 3,706 shares during the period. Institutional investors own 99.55% of the company's stock.
Analysts Set New Price Targets
A number of analysts have recently commented on HQY shares. JMP Securities boosted their target price on shares of HealthEquity from $105.00 to $107.00 and gave the stock a "market outperform" rating in a research note on Tuesday, December 10th. BTIG Research raised their price objective on shares of HealthEquity from $110.00 to $130.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Bank of America upped their price target on HealthEquity from $100.00 to $120.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Mizuho started coverage on shares of HealthEquity in a research report on Wednesday, December 4th. They set an "outperform" rating and a $126.00 price objective for the company. Finally, Barrington Research boosted their price target on shares of HealthEquity from $105.00 to $120.00 and gave the stock an "outperform" rating in a research note on Monday, December 2nd. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $110.71.
Check Out Our Latest Report on HealthEquity
About HealthEquity
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
