Healthequity (HQY) Issues Quarterly Earnings Results
Healthequity (NASDAQ:HQY) announced its quarterly earnings data on Tuesday. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.13 by $0.04, Briefing.com reports. Healthequity had a net margin of 20.27% and a return on equity of 13.93%. The business had revenue of $56.80 million during the quarter, compared to the consensus estimate of $55.27 million. During the same period in the previous year, the business earned $0.10 earnings per share. The company’s revenue was up 31.0% on a year-over-year basis.
Shares of Healthequity (NASDAQ HQY) traded down $0.37 on Tuesday, reaching $48.49. 516,436 shares of the company’s stock were exchanged, compared to its average volume of 522,736. Healthequity has a twelve month low of $37.62 and a twelve month high of $55.31. The company has a market capitalization of $2,950.00, a PE ratio of 81.68, a P/E/G ratio of 2.26 and a beta of 1.74.
In related news, Director Frank Medici sold 316,644 shares of the company’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $51.96, for a total value of $16,452,822.24. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Berkley Capital, Llc sold 700 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $52.05, for a total transaction of $36,435.00. The disclosure for this sale can be found here. Insiders have sold 1,743,212 shares of company stock worth $91,090,651 in the last quarter. Company insiders own 19.00% of the company’s stock.
A number of research firms have weighed in on HQY. Zacks Investment Research cut shares of Healthequity from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. BidaskClub raised shares of 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 price objective on shares of Healthequity in a research note on Monday, September 25th. Robert W. Baird reissued a “hold” rating on shares of Healthequity in a research note 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 assigned a buy rating to the stock. Healthequity has a consensus rating of “Buy” and a consensus target price of $57.50.
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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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