Healthequity Inc (NASDAQ:HQY) EVP Delano Ladd sold 13,750 shares of Healthequity stock in a transaction on Thursday, April 12th. The stock was sold at an average price of $63.98, for a total transaction of $879,725.00. Following the transaction, the executive vice president now directly owns 21,215 shares in the company, valued at $1,357,335.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of NASDAQ:HQY opened at $66.09 on Thursday. The stock has a market capitalization of $3,913.12, a P/E ratio of 122.39, a P/E/G ratio of 2.57 and a beta of 1.39. Healthequity Inc has a fifty-two week low of $40.21 and a fifty-two week high of $68.75.
Healthequity (NASDAQ:HQY) last issued its quarterly earnings results on Monday, March 19th. The company reported $0.06 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.06. The company had revenue of $60.44 million for the quarter, compared to the consensus estimate of $58.46 million. Healthequity had a net margin of 20.64% and a return on equity of 13.47%. analysts predict that Healthequity Inc will post 0.77 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of HQY. Carillon Tower Advisers Inc. purchased a new position in shares of Healthequity in the 4th quarter worth about $34,100,000. Victory Capital Management Inc. boosted its holdings in shares of Healthequity by 116.4% in the 4th quarter. Victory Capital Management Inc. now owns 1,031,711 shares of the company’s stock worth $48,139,000 after buying an additional 555,027 shares during the last quarter. Eagle Asset Management Inc. boosted its holdings in shares of Healthequity by 58.6% in the 4th quarter. Eagle Asset Management Inc. now owns 1,136,645 shares of the company’s stock worth $53,206,000 after buying an additional 419,914 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Healthequity by 3.8% in the 4th quarter. BlackRock Inc. now owns 6,751,491 shares of the company’s stock worth $315,026,000 after buying an additional 244,819 shares during the last quarter. Finally, TimesSquare Capital Management LLC raised its stake in Healthequity by 33.4% in the 4th quarter. TimesSquare Capital Management LLC now owns 644,535 shares of the company’s stock valued at $30,074,000 after acquiring an additional 161,335 shares during the period. 99.17% of the stock is currently owned by institutional investors.
A number of equities analysts have issued reports on the stock. Robert W. Baird lifted their price objective on shares of Healthequity from $48.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $60.00 price objective on shares of Healthequity in a report on Thursday, February 22nd. Chardan Capital lifted their price objective on shares of Healthequity from $62.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, March 20th. Zacks Investment Research raised shares of Healthequity from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a report on Saturday, February 10th. Finally, BidaskClub raised shares of Healthequity from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Healthequity currently has a consensus rating of “Buy” and an average price target of $66.50.
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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.
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