HealthEquity's (HQY) "Outperform" Rating Reiterated at Barrington Research

HealthEquity (NASDAQ:HQY - Get Free Report)'s stock had its "outperform" rating reissued by research analysts at Barrington Research in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $112.00 target price on the stock. Barrington Research's price target suggests a potential upside of 10.16% from the stock's current price.

HQY has been the topic of several other research reports. BTIG Research raised their price target on shares of HealthEquity from $110.00 to $130.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Raymond James lifted their price target on HealthEquity from $105.00 to $120.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th. Royal Bank of Canada boosted their price objective on HealthEquity from $100.00 to $105.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 10th. Mizuho assumed coverage on HealthEquity in a report on Wednesday, December 4th. They set an "outperform" rating and a $126.00 target price on the stock. Finally, Wells Fargo & Company upped their price target on shares of HealthEquity from $110.00 to $125.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, HealthEquity has an average rating of "Moderate Buy" and a consensus target price of $112.92.

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HealthEquity Stock Up 0.9 %

Shares of HQY stock traded up $0.95 during trading hours on Friday, hitting $101.67. 2,034,283 shares of the company were exchanged, compared to its average volume of 661,561. The stock has a market capitalization of $8.81 billion, a price-to-earnings ratio of 93.28, a P/E/G ratio of 1.60 and a beta of 0.62. HealthEquity has a one year low of $65.01 and a one year high of $115.59. The business's 50-day simple moving average is $105.76 and its two-hundred day simple moving average is $95.51. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.20 and a current ratio of 3.20.

HealthEquity (NASDAQ:HQY - Get Free Report) last announced its quarterly earnings results on Tuesday, March 18th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.16). HealthEquity had a net margin of 8.41% and a return on equity of 9.70%. Sell-side analysts predict that HealthEquity will post 2.32 EPS for the current fiscal year.

Insider Activity at HealthEquity

In related news, Director Robert W. Selander sold 5,750 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $111.29, for a total value of $639,917.50. Following the completion of the sale, the director now directly owns 78,219 shares of the company's stock, valued at approximately $8,704,992.51. This represents a 6.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On HealthEquity

Several hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC lifted its stake in HealthEquity by 40.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,115 shares of the company's stock worth $491,000 after acquiring an additional 1,466 shares in the last quarter. ABLE Financial Group LLC raised its stake in shares of HealthEquity by 8.5% during the 4th quarter. ABLE Financial Group LLC now owns 21,725 shares of the company's stock worth $2,085,000 after purchasing an additional 1,709 shares in the last quarter. Forum Financial Management LP purchased a new stake in shares of HealthEquity during the 4th quarter worth about $214,000. Public Employees Retirement System of Ohio raised its stake in shares of HealthEquity by 6.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 97,323 shares of the company's stock worth $9,338,000 after purchasing an additional 5,569 shares in the last quarter. Finally, GTS Securities LLC purchased a new stake in shares of HealthEquity during the 4th quarter worth about $239,000. 99.55% of the stock is owned by hedge funds and other institutional investors.

HealthEquity Company Profile

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.