Healthequity Inc (NASDAQ: HQY) is 21.40% higher on its value in year-to-date trading and has touched a low of $48.86 and a high of $84.49 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HQY stock was last observed hovering at around $81.30 in the last trading session, with the day’s loss setting it -0.81%.
Currently trading at $80.49, the stock is -0.47% and 0.01% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.68 million and changing -1.00% at the moment leaves the stock 12.29% off its SMA200. HQY registered 38.56% gain for a year compared to 6-month gain of 8.19%. The firm has a 50-day simple moving average (SMA 50) of $7.46 and a 200-day simple moving average (SMA200) of $26.31.
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The stock witnessed a -2.01% loss in the last 1 month and extending the period to 3 months gives it a 12.42%, and is 2.47% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.56% over the week and 2.73% over the month.
Healthequity Inc (HQY) has around 3150 employees, a market worth around $6.94B and $999.59M in sales. Current P/E ratio is 125.77 and Fwd P/E is 22.20. Profit margin for the company is 5.57%. Distance from 52-week low is 64.74% and -4.73% from its 52-week high. The company has generated returns on investments over the last 12 months (1.88%).
Healthequity Inc quarterly earnings per share for the current quarter are estimated at $0.66 with sales reaching $277.8M over the same period.The EPS is expected to grow by 28.73% this year, but quarterly earnings will post 15.60% year-over-year.
480 institutions hold shares in Healthequity Inc (HQY), with institutional investors hold 103.20% of the company’s shares. The shares outstanding are 86.13M, and float is at 83.92M with Short Float at 3.55%. Institutions hold 101.12% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 10.35 million shares valued at $653.26 million. The investor’s holdings represent 12.09% of the HQY Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 8.5 million shares valued at $536.54 million to account for 9.93% of the shares outstanding. The other top investors are Wasatch Advisors LP which holds 7.13 million shares representing 8.33% and valued at over $450.08 million, while FMR, LLC holds 5.54% of the shares totaling 4.74 million with a market value of $299.36 million.
Healthequity Inc (HQY) Insider Activity
The most recent transaction is an insider sale by Dilsaver Evelyn S, the company’s Director. SEC filings show that Dilsaver Evelyn S sold 32,500 shares of the company’s common stock on Mar 26 ’24 at a price of $79.29 per share for a total of $2.58 million. Following the sale, the insider now owns 32123.0 shares.
Healthequity Inc disclosed in a document filed with the SEC on Mar 22 ’24 that Kessler Jon (PRESIDENT AND CEO) sold a total of 33,765 shares of the company’s common stock. The trade occurred on Mar 22 ’24 and was made at $79.81 per share for $2.69 million. Following the transaction, the insider now directly holds 0.13 million shares of the HQY stock.
Still, SEC filings show that on Mar 01 ’24, Ladd Delano (EVP, GC & CORPORATE SECRETARY) disposed off 2,558 shares at an average price of $82.59 for $0.21 million. The insider now directly holds 47,438 shares of Healthequity Inc (HQY).
