KeyCorp Has Lowered Expectations for HealthEquity (NASDAQ:HQY) Stock Price

HealthEquity (NASDAQ:HQY - Get Free Report) had its target price decreased by research analysts at KeyCorp from $120.00 to $110.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. KeyCorp's price target would indicate a potential upside of 21.96% from the stock's current price.

HQY has been the subject of several other reports. Barrington Research reiterated an "outperform" rating and issued a $112.00 target price on shares of HealthEquity in a research report on Friday, March 14th. JMP Securities boosted their target price on shares of HealthEquity from $105.00 to $107.00 and gave the stock a "market outperform" rating in a report on Tuesday, December 10th. Mizuho assumed coverage on shares of HealthEquity in a report on Wednesday, December 4th. They issued an "outperform" rating and a $126.00 target price on the stock. Royal Bank of Canada increased their price target on HealthEquity from $100.00 to $105.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. Finally, Wells Fargo & Company boosted their price objective on HealthEquity from $110.00 to $125.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, HealthEquity currently has a consensus rating of "Buy" and an average target price of $113.31.

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HealthEquity Price Performance

HQY stock traded down $0.13 during trading on Monday, reaching $90.19. 2,054,483 shares of the company were exchanged, compared to its average volume of 698,236. HealthEquity has a twelve month low of $65.01 and a twelve month high of $115.59. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.20 and a quick ratio of 3.20. The company has a market capitalization of $7.80 billion, a price-to-earnings ratio of 82.74, a P/E/G ratio of 1.60 and a beta of 0.62. The company has a 50-day moving average of $104.40 and a two-hundred day moving average of $95.94.

Insider Buying and Selling at HealthEquity

In other HealthEquity news, Director Robert W. Selander sold 5,750 shares of the company'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 completion of the transaction, the director now owns 78,219 shares in the company, valued at $8,704,992.51. This represents a 6.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.20% of the company's stock.

Institutional Trading of HealthEquity

A number of large investors have recently added to or reduced their stakes in HQY. Ameritas Investment Partners Inc. increased its stake in shares of HealthEquity by 0.3% during the 4th quarter. Ameritas Investment Partners Inc. now owns 33,856 shares of the company's stock worth $3,248,000 after purchasing an additional 88 shares during the last quarter. Smartleaf Asset Management LLC increased its position in HealthEquity by 34.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 384 shares of the company's stock worth $37,000 after buying an additional 98 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of HealthEquity by 0.4% in the fourth quarter. Louisiana State Employees Retirement System now owns 24,200 shares of the company's stock valued at $2,322,000 after buying an additional 100 shares during the period. Oregon Public Employees Retirement Fund lifted its position in shares of HealthEquity by 0.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 17,776 shares of the company's stock valued at $1,706,000 after buying an additional 100 shares during the last quarter. Finally, State of Michigan Retirement System grew its stake in shares of HealthEquity by 0.5% during the 4th quarter. State of Michigan Retirement System now owns 20,722 shares of the company's stock worth $1,988,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 99.55% of the company's stock.

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.