Healthequity Inc (NASDAQ:HQY) VP Darcy G. Mott sold 4,000 shares of the company’s stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $60.81, for a total transaction of $243,240.00. Following the completion of the sale, the vice president now owns 79,200 shares of the company’s stock, valued at approximately $4,816,152. The transaction was disclosed in a filing with the SEC, which is available through this link.
Shares of NASDAQ:HQY traded down $0.51 during trading on Friday, reaching $71.66. 1,186,012 shares of the company traded hands, compared to its average volume of 844,442. Healthequity Inc has a 52-week low of $47.33 and a 52-week high of $101.58. The firm has a market cap of $4.47 billion, a PE ratio of 132.70, a price-to-earnings-growth ratio of 2.25 and a beta of 1.64.
Healthequity (NASDAQ:HQY) last announced its quarterly earnings results on Tuesday, December 4th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. Healthequity had a return on equity of 12.42% and a net margin of 24.52%. The company had revenue of $70.50 million during the quarter, compared to analyst estimates of $69.60 million. During the same quarter last year, the firm posted $0.17 earnings per share. The firm’s revenue was up 24.1% on a year-over-year basis. As a group, equities research analysts forecast that Healthequity Inc will post 0.91 EPS for the current fiscal year.
Several large investors have recently modified their holdings of the company. Legacy Financial Advisors Inc. purchased a new position in shares of Healthequity during the 4th quarter valued at about $28,000. MERIAN GLOBAL INVESTORS UK Ltd bought a new stake in Healthequity in the 4th quarter worth approximately $28,000. Duncker Streett & Co. Inc. bought a new stake in Healthequity in the 4th quarter worth approximately $30,000. Ffcm LLC bought a new stake in Healthequity in the 4th quarter worth approximately $122,000. Finally, Advisors Asset Management Inc. increased its stake in Healthequity by 57.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,136 shares of the company’s stock worth $160,000 after acquiring an additional 779 shares during the last quarter. Hedge funds and other institutional investors own 92.03% of the company’s stock.
HQY has been the topic of a number of recent analyst reports. Cantor Fitzgerald increased their price target on shares of Healthequity from $80.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday. BidaskClub raised shares of Healthequity from a “hold” rating to a “buy” rating in a report on Saturday, December 1st. Citigroup set a $102.00 price target on shares of Healthequity and gave the stock a “buy” rating in a report on Tuesday, January 8th. Wells Fargo & Co lowered their price target on shares of Healthequity from $100.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, December 7th. Finally, Zacks Investment Research reissued a “buy” rating and issued a $66.00 price target on shares of Healthequity in a report on Monday, December 31st. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Healthequity has a consensus rating of “Buy” and a consensus target price of $89.62.
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Healthequity Company Profile
HealthEquity, Inc provides various solutions for managing health care accounts, health reimbursement arrangements, and flexible spending accounts for health plans, insurance companies, and third-party administrators in the United States. The company offers healthcare saving and spending platform, a cloud-based platform for individuals to make health saving and spending decisions, pay healthcare bills, compare treatment options and prices, receive personalized benefit and clinical information, earn wellness incentives, grow their savings, and make investment choices; and health savings accounts.
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