HealthEquity, Inc. (NASDAQ:HQY) Director Frank Corvino Sells 1,247 Shares

HealthEquity, Inc. (NASDAQ:HQY) Director Frank Corvino sold 1,247 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $80.26, for a total value of $100,084.22. Following the completion of the sale, the director now directly owns 4,823 shares in the company, valued at approximately $387,093.98. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Monday, July 8th, Frank Corvino sold 7,705 shares of HealthEquity stock. The shares were sold at an average price of $81.89, for a total value of $630,962.45.

HealthEquity Trading Down 1.2 %

Shares of NASDAQ:HQY traded down $0.92 during mid-day trading on Thursday, hitting $78.18. The company had a trading volume of 567,760 shares, compared to its average volume of 621,584. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. HealthEquity, Inc. has a one year low of $61.81 and a one year high of $88.26. The firm has a fifty day moving average price of $76.46 and a 200 day moving average price of $79.20. The company has a market capitalization of $6.80 billion, a PE ratio of 85.40, a price-to-earnings-growth ratio of 1.25 and a beta of 0.52.

HealthEquity (NASDAQ:HQY) last announced its quarterly earnings data on Tuesday, September 3rd. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.16. The firm had revenue of $299.93 million for the quarter, compared to analyst estimates of $284.48 million. HealthEquity had a net margin of 9.61% and a return on equity of 9.01%. As a group, research analysts forecast that HealthEquity, Inc. will post 2.25 EPS for the current year.

Institutional Investors Weigh In On HealthEquity

Hedge funds and other institutional investors have recently modified their holdings of the company. Forest Hill Capital LLC bought a new stake in HealthEquity during the 4th quarter valued at $2,021,000. Vanguard Group Inc. lifted its position in HealthEquity by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 8,768,632 shares of the company’s stock valued at $715,783,000 after acquiring an additional 149,133 shares in the last quarter. Diversify Advisory Services LLC acquired a new position in HealthEquity during the 1st quarter valued at about $7,828,000. Vaughan Nelson Investment Management L.P. bought a new stake in HealthEquity during the 1st quarter worth approximately $49,443,000. Finally, Lisanti Capital Growth LLC purchased a new stake in shares of HealthEquity in the first quarter worth approximately $4,701,000. Institutional investors own 99.55% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HQY. Deutsche Bank Aktiengesellschaft lifted their price target on shares of HealthEquity from $102.00 to $103.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. JMP Securities reiterated a “market outperform” rating and set a $105.00 price target on shares of HealthEquity in a report on Wednesday, September 4th. Royal Bank of Canada reissued an “outperform” rating and set a $92.00 price objective on shares of HealthEquity in a report on Wednesday, September 4th. Bank of America dropped their target price on HealthEquity from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. Finally, Raymond James boosted their price target on HealthEquity from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $103.83.

About HealthEquity

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.