HealthEquity, Inc. (NASDAQ:HQY) Receives $112.92 Consensus Price Target from Brokerages

HealthEquity, Inc. (NASDAQ:HQY) has been given an average recommendation of “Moderate Buy” by the thirteen research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $112.92.

HQY has been the subject of a number of analyst reports. JMP Securities boosted their price objective on HealthEquity from $105.00 to $107.00 and gave the company a “market outperform” rating in a research report on Tuesday, December 10th. Royal Bank of Canada boosted their price target on shares of HealthEquity from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Raymond James upped their price target on shares of HealthEquity from $105.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. Mizuho started coverage on shares of HealthEquity in a research report on Wednesday, December 4th. They issued an “outperform” rating and a $126.00 price objective on the stock. Finally, Barrington Research reissued an “outperform” rating and set a $112.00 target price on shares of HealthEquity in a research note on Friday, March 14th.

HealthEquity Stock Performance

Shares of HQY stock opened at $84.88 on Friday. The company has a market cap of $7.36 billion, a P/E ratio of 77.87, a PEG ratio of 1.60 and a beta of 0.62. The business has a 50 day moving average of $104.90 and a two-hundred day moving average of $95.76. HealthEquity has a 52 week low of $65.01 and a 52 week high of $115.59. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.51.

Insider Activity

In other news, Director Robert W. Selander sold 5,750 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $111.29, for a total value of $639,917.50. Following the sale, the director now owns 78,219 shares of the company’s stock, valued at approximately $8,704,992.51. The trade was a 6.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HQY. KBC Group NV boosted its position in shares of HealthEquity by 16.1% during the 3rd quarter. KBC Group NV now owns 2,463 shares of the company’s stock valued at $202,000 after purchasing an additional 341 shares in the last quarter. Swiss National Bank lifted its stake in HealthEquity by 0.4% during the third quarter. Swiss National Bank now owns 169,900 shares of the company’s stock valued at $13,906,000 after purchasing an additional 600 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in HealthEquity by 28.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 109,162 shares of the company’s stock worth $8,935,000 after buying an additional 24,266 shares in the last quarter. King Luther Capital Management Corp grew its position in HealthEquity by 1.2% in the third quarter. King Luther Capital Management Corp now owns 45,847 shares of the company’s stock worth $3,753,000 after buying an additional 552 shares during the last quarter. Finally, Intech Investment Management LLC grew its position in HealthEquity by 59.5% in the third quarter. Intech Investment Management LLC now owns 21,064 shares of the company’s stock worth $1,724,000 after buying an additional 7,859 shares during the last quarter. 99.55% of the stock is owned by institutional investors and hedge funds.

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.