HealthEquity, Inc. (NASDAQ:HQY) Given Average Rating of "Buy" by Brokerages

Shares of HealthEquity, Inc. (NASDAQ:HQY - Get Free Report) have earned a consensus rating of "Buy" from the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $118.09.

Several research firms have recently issued reports on HQY. Wall Street Zen raised shares of HealthEquity from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. KeyCorp dropped their price objective on shares of HealthEquity from $110.00 to $100.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Royal Bank Of Canada increased their price objective on shares of HealthEquity from $112.00 to $117.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Barrington Research increased their price objective on shares of HealthEquity from $112.00 to $125.00 and gave the stock an "outperform" rating in a research report on Thursday, June 5th. Finally, Bank of America increased their price objective on shares of HealthEquity from $110.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th.

HealthEquity Stock Performance

Shares of HQY stock opened at $104.88 on Friday. HealthEquity has a one year low of $65.01 and a one year high of $116.65. The company has a debt-to-equity ratio of 0.50, a quick ratio of 4.06 and a current ratio of 4.06. The company has a 50 day moving average price of $98.01 and a 200 day moving average price of $98.00. The firm has a market capitalization of $9.07 billion, a price-to-earnings ratio of 76.55, a price-to-earnings-growth ratio of 1.61 and a beta of 0.49.

HealthEquity (NASDAQ:HQY - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.81 by $0.16. HealthEquity had a net margin of 9.80% and a return on equity of 11.01%. The firm had revenue of $330.80 million during the quarter, compared to analyst estimates of $322.25 million. During the same quarter in the prior year, the business posted $0.80 earnings per share. Sell-side analysts anticipate that HealthEquity will post 2.32 EPS for the current year.

Insider Activity

In other HealthEquity news, EVP Michael Henry Fiore sold 8,881 shares of the stock in a transaction on Friday, April 4th. The shares were sold at an average price of $78.26, for a total transaction of $695,027.06. Following the transaction, the executive vice president now directly owns 56,655 shares in the company, valued at $4,433,820.30. This represents a 13.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert W. Selander sold 5,750 shares of the stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $77.65, for a total transaction of $446,487.50. Following the transaction, the director now owns 84,969 shares in the company, valued at $6,597,842.85. This trade represents a 6.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 304,581 shares of company stock worth $33,664,018. 1.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc acquired a new stake in shares of HealthEquity during the first quarter worth $28,000. WPG Advisers LLC acquired a new stake in shares of HealthEquity during the first quarter worth $28,000. Transce3nd LLC acquired a new stake in shares of HealthEquity during the fourth quarter worth $29,000. Smartleaf Asset Management LLC raised its holdings in shares of HealthEquity by 34.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 384 shares of the company's stock worth $37,000 after purchasing an additional 98 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in shares of HealthEquity during the fourth quarter worth $39,000. 99.55% of the stock is currently owned by institutional investors.

About HealthEquity

HealthEquity, Inc provides technology-enabled services platforms to consumers and employers in the United States. The company offers cloud-based platforms for individuals to make health saving and spending decisions, pay healthcare bills, receive personalized benefit information, earn wellness incentives, grow their savings, and make investment choices; and health savings accounts.

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