Healthequity Inc (NASDAQ:HQY)’s share price was up 5.2% during mid-day trading on Friday . The company traded as high as $62.23 and last traded at $61.22. Approximately 1,758,473 shares were traded during mid-day trading, an increase of 57% from the average daily volume of 1,118,305 shares. The stock had previously closed at $58.18.
A number of equities research analysts have recently weighed in on the stock. BidaskClub lowered shares of Healthequity from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 9th. Zacks Investment Research lowered shares of Healthequity from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. ValuEngine lowered shares of Healthequity from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 5th. SunTrust Banks lowered shares of Healthequity from a “buy” rating to a “hold” rating and cut their target price for the company from $105.00 to $90.00 in a research note on Thursday, December 6th. Finally, Cantor Fitzgerald lifted their target price on shares of Healthequity from $80.00 to $82.00 and gave the company a “neutral” rating in a research note on Thursday, December 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. Healthequity currently has a consensus rating of “Buy” and an average price target of $90.15.
The company has a market capitalization of $3.62 billion, a P/E ratio of 113.37, a PEG ratio of 2.22 and a beta of 1.78.
In other news, VP Darcy G. Mott sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, December 20th. The shares were sold at an average price of $60.28, for a total transaction of $241,120.00. Following the completion of the transaction, the vice president now directly owns 82,000 shares of the company’s stock, valued at $4,942,960. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank Corvino sold 1,778 shares of the business’s stock in a transaction that occurred on Monday, December 10th. The shares were sold at an average price of $67.78, for a total transaction of $120,512.84. Following the transaction, the director now directly owns 5,051 shares of the company’s stock, valued at $342,356.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,846 shares of company stock worth $1,163,748. Insiders own 4.00% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Diversified Trust Co purchased a new stake in Healthequity during the fourth quarter valued at approximately $960,000. Bowling Portfolio Management LLC purchased a new stake in Healthequity during the fourth quarter valued at approximately $416,000. Legacy Financial Advisors Inc. purchased a new stake in Healthequity during the fourth quarter valued at approximately $28,000. Virtu Financial LLC increased its holdings in Healthequity by 84.2% during the fourth quarter. Virtu Financial LLC now owns 4,826 shares of the company’s stock valued at $288,000 after buying an additional 2,206 shares during the last quarter. Finally, Retirement Systems of Alabama increased its holdings in Healthequity by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 133,268 shares of the company’s stock valued at $7,949,000 after buying an additional 372 shares during the last quarter. 92.31% of the stock is owned by hedge funds and other institutional investors.
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Healthequity Company Profile (NASDAQ:HQY)
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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