Healthequity (HQY) Upgraded to Hold at BidaskClub

BidaskClub upgraded shares of Healthequity (NASDAQ:HQY) from a sell rating to a hold rating in a research report sent to investors on Friday morning.

Several other research firms also recently weighed in on HQY. Oppenheimer reissued a buy rating and issued a $61.00 price objective on shares of Healthequity in a report on Wednesday, September 6th. Cantor Fitzgerald reissued a buy rating and issued a $56.00 price objective on shares of Healthequity in a report on Tuesday, September 5th. Zacks Investment Research raised Healthequity from a hold rating to a buy rating and set a $58.00 price objective for the company in a report on Wednesday, October 11th. Chardan Capital increased their price objective on Healthequity from $58.00 to $62.00 and gave the company a buy rating in a report on Wednesday, December 6th. Finally, Robert W. Baird restated a hold rating on shares of Healthequity in a research note on Thursday, September 21st. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of Buy and a consensus price target of $58.33.

Healthequity (NASDAQ:HQY) opened at $48.80 on Friday. Healthequity has a 12-month low of $37.62 and a 12-month high of $55.31. The stock has a market cap of $2,960.00, a PE ratio of 65.95, a P/E/G ratio of 2.01 and a beta of 1.74.

Healthequity (NASDAQ:HQY) last released its quarterly earnings data on Tuesday, December 5th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. Healthequity had a net margin of 21.08% and a return on equity of 14.47%. The firm had revenue of $56.80 million during the quarter, compared to analysts’ expectations of $55.27 million. During the same period in the previous year, the company earned $0.10 earnings per share. The firm’s quarterly revenue was up 31.0% on a year-over-year basis. analysts anticipate that Healthequity will post 0.71 EPS for the current year.

In other Healthequity news, major shareholder Berkley Capital, Llc sold 286,512 shares of the stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $51.96, for a total value of $14,887,163.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frank Medici sold 316,644 shares of the company’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $51.96, for a total value of $16,452,822.24. The disclosure for this sale can be found here. Insiders have sold 1,761,117 shares of company stock valued at $91,915,316 in the last 90 days. Company insiders own 29.00% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Janus Henderson Group PLC boosted its stake in Healthequity by 627.9% in the 2nd quarter. Janus Henderson Group PLC now owns 2,113,030 shares of the company’s stock worth $105,292,000 after buying an additional 1,822,732 shares during the last quarter. Eagle Asset Management Inc. purchased a new position in shares of Healthequity in the 3rd quarter worth about $36,875,000. FMR LLC raised its holdings in shares of Healthequity by 45.6% in the 2nd quarter. FMR LLC now owns 2,235,150 shares of the company’s stock worth $111,378,000 after purchasing an additional 699,728 shares during the period. TimesSquare Capital Management LLC purchased a new position in shares of Healthequity in the 2nd quarter worth about $25,822,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Healthequity by 49.5% in the 3rd quarter. Wells Fargo & Company MN now owns 1,108,410 shares of the company’s stock worth $56,063,000 after purchasing an additional 366,925 shares during the period. 98.27% of the stock is currently owned by institutional investors and hedge funds.

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Healthequity Company Profile

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.

Analyst Recommendations for Healthequity (NASDAQ:HQY)

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