HealthEquity, Inc. (NASDAQ:HQY) Short Interest Up 19.5% in April

HealthEquity, Inc. (NASDAQ:HQY) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 4,117,004 shares, a growth of 19.5% from the March 31st total of 3,446,029 shares. Currently, 4.9% of the shares of the stock are sold short. Based on an average trading volume of 1,019,262 shares, the short-interest ratio is currently 4.0 days.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HQY. Barclays lowered their price target on HealthEquity from $118.00 to $110.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. Royal Bank Of Canada reduced their target price on shares of HealthEquity from $110.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, March 18th. Jefferies Financial Group set a $108.00 target price on shares of HealthEquity in a research report on Thursday, February 19th. Barrington Research reduced their target price on shares of HealthEquity from $125.00 to $110.00 and set an “outperform” rating for the company in a research report on Wednesday, March 18th. Finally, BTIG Research reduced their target price on shares of HealthEquity from $130.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $111.79.

HealthEquity Trading Up 0.5%

Shares of HQY traded up $0.37 during midday trading on Friday, reaching $82.40. The company had a trading volume of 794,974 shares, compared to its average volume of 954,910. HealthEquity has a 1-year low of $72.76 and a 1-year high of $116.65. The stock has a market cap of $6.96 billion, a PE ratio of 33.50, a price-to-earnings-growth ratio of 1.49 and a beta of 0.19. The firm has a 50 day simple moving average of $80.91 and a 200-day simple moving average of $88.04. The company has a quick ratio of 3.27, a current ratio of 3.27 and a debt-to-equity ratio of 0.45.

HealthEquity (NASDAQ:HQY) last issued its earnings results on Tuesday, March 17th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. The business had revenue of $334.59 million during the quarter, compared to the consensus estimate of $332.48 million. HealthEquity had a return on equity of 13.86% and a net margin of 16.39%.HealthEquity’s revenue for the quarter was up 7.3% compared to the same quarter last year. Research analysts forecast that HealthEquity will post 3.84 EPS for the current fiscal year.

Institutional Investors Weigh In On HealthEquity

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Acumen Wealth Advisors LLC acquired a new stake in HealthEquity during the fourth quarter worth $27,000. Aster Capital Management DIFC Ltd acquired a new position in HealthEquity in the fourth quarter valued at about $28,000. Caitong International Asset Management Co. Ltd lifted its position in HealthEquity by 1,723.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 310 shares of the company’s stock valued at $28,000 after buying an additional 293 shares during the last quarter. True Wealth Design LLC lifted its position in HealthEquity by 3,522.2% in the third quarter. True Wealth Design LLC now owns 326 shares of the company’s stock valued at $31,000 after buying an additional 317 shares during the last quarter. Finally, Leonteq Securities AG lifted its position in HealthEquity by 159.9% in the first quarter. Leonteq Securities AG now owns 382 shares of the company’s stock valued at $32,000 after buying an additional 235 shares during the last quarter. Institutional investors and hedge funds own 99.55% of the company’s stock.

About HealthEquity

HealthEquity, Inc (NASDAQ: HQY) is a leading administrator of consumer-directed health accounts and related benefit solutions in the United States. Founded in 2002 and headquartered in Draper, Utah, the company specializes in health savings accounts (HSAs) and offers complementary services such as flexible spending accounts (FSAs), health reimbursement arrangements (HRAs), COBRA administration and commuter benefits. Through its technology-driven platform, HealthEquity enables employers, health plans and individuals to streamline account management, improve cost transparency and encourage more informed healthcare spending.

Serving millions of members across all 50 states, HealthEquity leverages an open-architecture ecosystem that integrates with health plans, payroll providers and financial institutions.