Healthequity (HQY) Trading Down 0%
Healthequity Inc (NASDAQ:HQY)’s share price fell 0% during mid-day trading on Friday . The stock traded as low as $53.96 and last traded at $54.00. 832,600 shares were traded during mid-day trading, an increase of 34% from the average session volume of 621,159 shares. The stock had previously closed at $54.00.
Several brokerages have issued reports on HQY. BidaskClub upgraded shares of Healthequity from a “buy” rating to a “strong-buy” rating in a research report on Friday. Zacks Investment Research lowered shares of Healthequity from a “buy” rating to a “hold” rating and set a $62.00 price objective on the stock. in a research note on Tuesday, February 27th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Healthequity in a research note on Thursday, February 22nd. Robert W. Baird upped their price objective on shares of Healthequity from $48.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Healthequity from $52.00 to $51.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 24th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $57.50.
The firm has a market capitalization of $3,358.25, a P/E ratio of 79.07, a P/E/G ratio of 2.11 and a beta of 1.46.
In related news, VP Darcy G. Mott sold 9,500 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $55.19, for a total transaction of $524,305.00. Following the transaction, the vice president now directly owns 102,500 shares of the company’s stock, valued at $5,656,975. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Berkley Capital, Llc sold 350,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $52.12, for a total transaction of $18,242,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 698,137 shares of company stock worth $36,146,841. Insiders own 29.00% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in Healthequity by 25.3% during the second quarter. Dimensional Fund Advisors LP now owns 473,433 shares of the company’s stock worth $23,591,000 after acquiring an additional 95,514 shares in the last quarter. New York State Teachers Retirement System boosted its stake in Healthequity by 8.0% during the third quarter. New York State Teachers Retirement System now owns 33,651 shares of the company’s stock worth $1,702,000 after acquiring an additional 2,500 shares in the last quarter. Amussen Hunsaker Associates LLC boosted its stake in Healthequity by 1.9% during the third quarter. Amussen Hunsaker Associates LLC now owns 237,239 shares of the company’s stock worth $12,000,000 after acquiring an additional 4,493 shares in the last quarter. Signition LP bought a new position in Healthequity during the fourth quarter worth $348,000. Finally, Dixon Hubard Feinour & Brown Inc. VA bought a new position in Healthequity during the third quarter worth $5,071,000. 99.47% of the stock is currently owned by institutional investors and hedge funds.
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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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