Healthequity (HQY) Updates FY19 Earnings Guidance

Healthequity (NASDAQ:HQY) updated its FY19 earnings guidance on Monday. The company provided earnings per share guidance of $0.74-0.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.77. The company issued revenue guidance of $276-282 million, compared to the consensus revenue estimate of $278.29 million.

HQY has been the topic of a number of analyst reports. BidaskClub raised Healthequity from a buy rating to a strong-buy rating in a research note on Friday, March 2nd. Zacks Investment Research cut Healthequity from a buy rating to a hold rating and set a $62.00 price target on the stock. in a research note on Tuesday, February 27th. Cantor Fitzgerald reissued a buy rating and issued a $60.00 price target on shares of Healthequity in a research note on Thursday, February 22nd. Robert W. Baird raised their price objective on Healthequity from $48.00 to $49.00 and gave the stock a neutral rating in a research report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. decreased their price objective on Healthequity from $52.00 to $51.00 and set an overweight rating for the company in a research report on Wednesday, January 24th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $57.50.

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Shares of Healthequity stock traded down $1.49 during trading on Monday, hitting $57.90. The stock had a trading volume of 858,425 shares, compared to its average volume of 607,853. The firm has a market cap of $3,603.35, a price-to-earnings ratio of 78.24, a price-to-earnings-growth ratio of 2.27 and a beta of 1.46. Healthequity has a fifty-two week low of $37.62 and a fifty-two week high of $60.00.

In related news, VP Ashley Dreier sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $52.00, for a total value of $624,000.00. Following the completion of the sale, the vice president now directly owns 17,652 shares in the company, valued at approximately $917,904. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Berkley Capital, Llc sold 350,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $52.12, for a total value of $18,242,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 661,732 shares of company stock valued at $34,493,276. 19.00% of the stock is owned by corporate insiders.

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About Healthequity

HealthEquity, Inc provides a range of solutions for managing healthcare accounts (Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs) and Flexible Spending Accounts (FSAs)) for health plans, insurance companies and third-party administrators. The Company is engaged in technology-enabled services platforms that allow consumers to make healthcare saving and spending decisions.

Earnings History and Estimates for Healthequity (NASDAQ:HQY)

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