HealthEquity, Inc. (NASDAQ:HQY) Director Frank Corvino Sells 1,039 Shares of Stock

HealthEquity, Inc. (NASDAQ:HQY) Director Frank Corvino sold 1,039 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $96.10, for a total transaction of $99,847.90. Following the transaction, the director now directly owns 3,784 shares in the company, valued at approximately $363,642.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Frank Corvino also recently made the following trade(s):

• On Tuesday, October 1st, Frank Corvino sold 1,247 shares of HealthEquity stock. The shares were sold at an average price of $80.26, for a total transaction of $100,084.22.

HealthEquity Stock Performance

Shares of HQY stock opened at $98.82 on Friday. The company has a market cap of $8.63 billion, a P/E ratio of 82.35, a PEG ratio of 1.53 and a beta of 0.52. The firm has a fifty day moving average price of $83.15 and a 200 day moving average price of $80.43. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. HealthEquity, Inc. has a 12 month low of $62.10 and a 12 month high of $99.57.

HealthEquity (NASDAQ:HQY) last released its quarterly earnings data on Tuesday, September 3rd. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.16. HealthEquity had a return on equity of 9.01% and a net margin of 9.61%. The business had revenue of $299.93 million during the quarter, compared to analysts’ expectations of $284.48 million. Sell-side analysts predict that HealthEquity, Inc. will post 2.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HealthEquity

Several hedge funds have recently added to or reduced their stakes in HQY. International Assets Investment Management LLC purchased a new position in HealthEquity during the 2nd quarter worth approximately $35,000. Paladin Wealth LLC acquired a new position in shares of HealthEquity in the 3rd quarter valued at $39,000. GAMMA Investing LLC raised its position in HealthEquity by 114.8% in the 2nd quarter. GAMMA Investing LLC now owns 595 shares of the company’s stock valued at $51,000 after purchasing an additional 318 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in HealthEquity during the 2nd quarter worth $73,000. Finally, 1620 Investment Advisors Inc. purchased a new position in HealthEquity during the 3rd quarter worth $112,000. 99.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Barrington Research restated an “outperform” rating and set a $105.00 price target on shares of HealthEquity in a report on Friday, September 20th. JMP Securities reaffirmed a “market outperform” rating and issued a $105.00 target price on shares of HealthEquity in a research report on Wednesday, September 4th. Bank of America decreased their price objective on shares of HealthEquity from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Royal Bank of Canada restated an “outperform” rating and set a $92.00 price target on shares of HealthEquity in a research note on Wednesday, September 4th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on HealthEquity from $102.00 to $103.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Twelve analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $103.83.

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.