HealthEquity (NASDAQ:HQY) Shares Gap Down – What’s Next?

HealthEquity, Inc. (NASDAQ:HQY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $101.67, but opened at $85.00. HealthEquity shares last traded at $82.74, with a volume of 1,085,175 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Mizuho assumed coverage on shares of HealthEquity in a research note on Wednesday, December 4th. They issued an “outperform” rating and a $126.00 target price on the stock. JMP Securities increased their target price on shares of HealthEquity from $105.00 to $107.00 and gave the company a “market outperform” rating in a research note on Tuesday, December 10th. Barrington Research reissued an “outperform” rating and issued a $112.00 target price on shares of HealthEquity in a research note on Friday, March 14th. Wells Fargo & Company increased their target price on shares of HealthEquity from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada raised their price target on shares of HealthEquity from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $112.92.

HealthEquity Stock Up 0.3 %

The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.51. The firm has a market cap of $7.33 billion, a PE ratio of 77.61, a P/E/G ratio of 1.60 and a beta of 0.62. The business’s 50-day simple moving average is $105.20 and its 200 day simple moving average is $95.51.

Insider Activity

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

Institutional Trading of HealthEquity

A number of institutional investors have recently modified their holdings of the company. Holocene Advisors LP acquired a new stake in HealthEquity in the 3rd quarter worth approximately $1,246,000. Loomis Sayles & Co. L P boosted its stake in HealthEquity by 2.2% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,126,645 shares of the company’s stock worth $92,216,000 after purchasing an additional 24,665 shares in the last quarter. Geneva Capital Management LLC boosted its stake in HealthEquity by 24.6% in the 4th quarter. Geneva Capital Management LLC now owns 1,048,903 shares of the company’s stock worth $100,642,000 after purchasing an additional 206,894 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in HealthEquity by 165.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 20,437 shares of the company’s stock worth $1,673,000 after purchasing an additional 12,745 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in HealthEquity by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,086,811 shares of the company’s stock worth $104,280,000 after purchasing an additional 25,004 shares in the last quarter. 99.55% of the stock is currently owned by 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.