Wells Fargo & Company Issues Positive Forecast for HealthEquity (NASDAQ:HQY) Stock Price

HealthEquity (NASDAQ:HQY) had its price objective raised by Wells Fargo & Company from $110.00 to $125.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Other equities analysts also recently issued reports about the company. Royal Bank of Canada raised their price objective on HealthEquity from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. 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 report on Thursday, November 14th. JMP Securities lifted their price target on shares of HealthEquity from $105.00 to $107.00 and gave the company a “market outperform” rating in a research report on Tuesday, December 10th. Barrington Research increased their price objective on shares of HealthEquity from $105.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday, December 2nd. Finally, The Goldman Sachs Group began coverage on shares of HealthEquity in a report on Friday, November 15th. They set a “neutral” rating and a $108.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $113.54.

HealthEquity Stock Performance

Shares of HQY stock opened at $109.76 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.20 and a current ratio of 3.20. The firm has a market capitalization of $9.51 billion, a price-to-earnings ratio of 100.70, a price-to-earnings-growth ratio of 1.60 and a beta of 0.55. HealthEquity has a one year low of $65.01 and a one year high of $115.59. The company has a 50 day moving average price of $104.84 and a 200 day moving average price of $93.08.

HealthEquity (NASDAQ:HQY) last announced its quarterly earnings data on Monday, December 9th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.12). HealthEquity had a net margin of 8.41% and a return on equity of 9.70%. During the same quarter in the previous year, the firm earned $0.40 EPS. Sell-side analysts anticipate that HealthEquity will post 2.32 EPS for the current year.

Insider Activity

In related news, Director Stuart B. Parker sold 25,000 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $96.72, for a total value of $2,418,000.00. Following the sale, the director now directly owns 19,061 shares of the company’s stock, valued at $1,843,579.92. This represents a 56.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert W. Selander sold 8,250 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $101.56, for a total transaction of $837,870.00. Following the transaction, the director now directly owns 66,469 shares of the company’s stock, valued at approximately $6,750,591.64. This represents a 11.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,000 shares of company stock worth $3,895,788 over the last ninety days. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On HealthEquity

A number of institutional investors have recently modified their holdings of HQY. ABLE Financial Group LLC increased its holdings in HealthEquity by 8.5% in the fourth quarter. ABLE Financial Group LLC now owns 21,725 shares of the company’s stock valued at $2,085,000 after buying an additional 1,709 shares during the last quarter. Forum Financial Management LP acquired a new position in shares of HealthEquity in the 4th quarter worth approximately $214,000. Public Employees Retirement System of Ohio grew its position in shares of HealthEquity by 6.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 97,323 shares of the company’s stock worth $9,338,000 after acquiring an additional 5,569 shares in the last quarter. GTS Securities LLC bought a new stake in shares of HealthEquity in the 4th quarter valued at approximately $239,000. Finally, AlphaQ Advisors LLC acquired a new stake in shares of HealthEquity during the 4th quarter valued at approximately $313,000. Institutional investors and hedge funds 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.