Healthequity (HQY) Receiving Somewhat Positive News Coverage, Accern Reports

News coverage about Healthequity (NASDAQ:HQY) has trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Healthequity earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave news headlines about the company an impact score of 44.9666939191942 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Several equities analysts have recently issued reports on the company. Chardan Capital upped their price target on Healthequity from $58.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, December 6th. Zacks Investment Research raised Healthequity from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Wednesday, November 8th. BidaskClub raised Healthequity from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Cantor Fitzgerald reissued a “buy” rating and issued a $56.00 target price on shares of Healthequity in a research note on Monday, September 25th. Finally, Robert W. Baird reissued a “hold” rating on shares of Healthequity in a research note on Thursday, September 21st. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Healthequity presently has a consensus rating of “Buy” and a consensus price target of $58.33.

Healthequity (HQY) traded up $0.16 during trading hours on Tuesday, reaching $49.08. The company’s stock had a trading volume of 366,306 shares, compared to its average volume of 602,782. Healthequity has a 1 year low of $37.62 and a 1 year high of $55.31. The firm has a market capitalization of $2,980.00, a price-to-earnings ratio of 66.32, a price-to-earnings-growth ratio of 2.02 and a beta of 1.74.

Healthequity (NASDAQ:HQY) last released its earnings results 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 return on equity of 14.47% and a net margin of 21.08%. The firm had revenue of $56.80 million for the quarter, compared to analyst estimates of $55.27 million. During the same quarter in the prior year, the firm posted $0.10 earnings per share. The company’s quarterly revenue was up 31.0% on a year-over-year basis. sell-side analysts expect that Healthequity will post 0.71 earnings per share for the current fiscal year.

In other Healthequity news, Director Frank Medici sold 7,900 shares of the stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $51.11, for a total value of $403,769.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Berkley Capital, Llc sold 373,500 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $53.21, for a total value of $19,873,935.00. The disclosure for this sale can be found here. Insiders sold 1,116,434 shares of company stock worth $58,417,878 in the last three months. Insiders own 19.00% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Healthequity (NASDAQ:HQY)

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