Healthequity Inc (NASDAQ:HQY) VP Ashley Dreier sold 10,000 shares of Healthequity stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $50.97, for a total value of $509,700.00. Following the transaction, the vice president now directly owns 15,652 shares in the company, valued at approximately $797,782.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Healthequity Inc (NASDAQ HQY) traded down $0.37 during mid-day trading on Wednesday, hitting $48.49. The company’s stock had a trading volume of 516,400 shares, compared to its average volume of 522,736. Healthequity Inc has a one year low of $37.62 and a one year high of $55.31. The stock has a market cap of $2,955.48, a P/E ratio of 77.56, a P/E/G ratio of 2.14 and a beta of 1.74.
Healthequity (NASDAQ:HQY) last announced 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 13.93% and a net margin of 20.27%. The company had revenue of $56.80 million for the quarter, compared to the consensus estimate of $55.27 million. During the same period last year, the business posted $0.10 EPS. The company’s revenue was up 31.0% on a year-over-year basis. research analysts expect that Healthequity Inc will post 0.7 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in the business. Alps Advisors Inc. grew its stake in shares of Healthequity by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 10,729 shares of the company’s stock valued at $535,000 after purchasing an additional 28 shares during the last quarter. Albion Financial Group UT grew its stake in shares of Healthequity by 1.4% in the 2nd quarter. Albion Financial Group UT now owns 8,694 shares of the company’s stock valued at $433,000 after purchasing an additional 120 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Healthequity by 7.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,686 shares of the company’s stock valued at $134,000 after purchasing an additional 191 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Healthequity by 0.9% in the 2nd quarter. Arizona State Retirement System now owns 23,097 shares of the company’s stock valued at $1,151,000 after purchasing an additional 200 shares during the last quarter. Finally, Suntrust Banks Inc. grew its stake in shares of Healthequity by 2.7% in the 2nd quarter. Suntrust Banks Inc. now owns 9,408 shares of the company’s stock valued at $468,000 after purchasing an additional 250 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.
Several research analysts have commented on HQY shares. Zacks Investment Research raised Healthequity from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Wednesday, October 11th. BidaskClub raised Healthequity from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $56.00 price target on shares of Healthequity in a research report on Tuesday, August 29th. Robert W. Baird reaffirmed a “hold” rating on shares of Healthequity in a research report on Thursday, September 21st. Finally, Oppenheimer reaffirmed a “buy” rating and set a $61.00 price target on shares of Healthequity in a research report on Wednesday, September 6th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Healthequity presently has an average rating of “Buy” and a consensus price target of $58.33.
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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.
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