In the past three months, HealthEquity insiders have not sold or bought any company stock. MarketBeat has tracked 6 news articles for HealthEquity this week, compared to 4 articles on an average week. Join thousands of traders who make more informed decisions with our premium the relationship between bonds and interest rates features. Real-time quotes, advanced visualizations, backtesting, and much more. HealthEquity possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. There may be delays, omissions, or inaccuracies in the Information.
Tech companies have made a lot of headlines with their layoffs, and it’s also trickled into other industries as well. That said, HQY’s business has held up reasonably well in past recessions, as people began to save more. Some of that is due to HQY locking in some rates via a laddering strategy and members moving some money into investments. However, where short-term rates are now and with the Fed recently indicating that it would get more aggressive with rate hikes, that number still seems too low. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
As such, I’m looking for strong results and at the very least reiterated guidance, with a pretty good chance that it raises guidance. The HSA market has been growing nicely for quite some time now, and deposits are projected to continue to grow at about a 10% annual pace . At the same time, participants are saving more than they are spending, which is leading to higher levels of assets under custodianship.
Price and Consensus
HealthEquity does not have a long track record of dividend growth. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist.
The company’s average rating score is 2.80, and is based on 8 buy ratings, 2 hold ratings, and no sell ratings. When it comes to the year-to-date metrics, the HealthEquity Inc. recorded performance in the market was -14.93%, having the revenues showcasing -18.89% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 4.78B, as it employees total of 3688 workers. The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It’s packed with all of the company’s key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.
Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return.
Bloomberg Markets Asia
We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Given the continued march higher for interest rates, I feel the company is still being conservative.
This means that over the past quarter there has been an increase of insiders selling their shares of HQY in relation to earlier this year. I think HQY stock can ride the interest rate tailwind higher, and don’t think a $100 stock price is out of the question. That would be about a 22.5x multiple on the current FY25 EBITDA consensus.
HealthEquity’s stock was trading at $61.64 at the start of the year. Since then, HQY shares have decreased by 4.7% and is now trading at $58.75. Investchronicle.com is an Economic news website, which offers broad information about the Stock markets and Equities. The major emphasis of this platform is to present, the most practical recommendation for public and private capital sharing, both in the form of updates and detailed analysis.
Stock Money Flow
That said, according to HQY, the average HSA balance is only $3,000 per participants, so there is a lot of potential upside for balance to grow. The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 21st 2023. High institutional ownership can be a signal of strong market trust in this company. HealthEquity has only been the subject of 2 research reports in the past 90 days.
HealthEquity has been upgraded to a Zacks Rank #2 , reflecting growing optimism about the company’s earnings prospects. The Zacks Medical – Services industry is growing on digital healthcare adoption. The Zacks Industry Rank assigns a rating to each of the 265 X Industries based on their average Zacks Rank.
HealthEquity witnesses solid growth in HSAs besides recording robust performances in all its segments in the third quarter of fiscal 2023. Sign Up NowGet this delivered to your inbox, and more info about our products and services. Maintaining independence and editorial freedom is essential to our mission of empowering investor success.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. Of the $22 billion in assets that HQY holds for customers, over $14 billion is in cash.
It serves clients through a direct sales force; benefits brokers and advisors; and a network of health plans, benefits administrators, benefits brokers and consultants, and retirement plan record-keepers. The company was incorporated in 2002 and is headquartered in Draper, Utah. Market Cap is calculated by multiplying the number of shares outstanding by the stock’s price. To calculate, start with total shares outstanding and subtract the number of restricted shares. Restricted stock typically is that issued to company insiders with limits on when it may be traded.Dividend YieldA company’s dividend expressed as a percentage of its current stock price. HealthEquity Inc provides solutions that allow consumers to make healthcare saving and spending decisions.
The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The company is scheduled to release its fiscal fourth-quarter earnings on Mar 21. A valuation method that multiplies the price of a company’s stock by the total number of outstanding shares.
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- This means that over the past quarter there has been an increase of insiders selling their shares of HQY in relation to earlier this year.
- I think HQY stock can ride the interest rate tailwind higher, and don’t think a $100 stock price is out of the question.
It also provides mutual fund investment platform; and online-only automated investment advisory services through … At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.52% per year. These returns cover a period from January 1, 1988 through February 6, 2023.
HQY Company Calendar
359 employees have rated HealthEquity Chief Executive Officer Jon Kessler on Glassdoor.com. Jon Kessler has an approval rating of 95% among the company’s employees. This puts Jon Kessler in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
Natera NTRA, another stock in the same industry, closed the last trading session 2.3% higher at $56.43. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Represents the company’s profit divided by the outstanding shares of its common stock.
As of February 28th, there was short interest totaling 2,990,000 shares, an increase of 7.9% from the February 13th total of 2,770,000 shares. Based on an average daily volume of 767,400 shares, the short-interest ratio is presently 3.9 days. The detailed multi-page Analyst report does an even deeper dive on the company’s vital statistics. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. HealthEquity, Inc. is engaged in providing technology-enabled services platforms that helps consumers to make healthcare saving and spending decisions. Currently, the analyst consensus on Healthequity is a Strong Buy with an average price target of $80.71, which is a 39.88% upside from current levels.