HealthEquity (NASDAQ:HQY) Posts Quarterly Earnings Results, Beats Estimates By $0.13 EPS

by · The Cerbat Gem

HealthEquity (NASDAQ:HQY – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.13, FiscalAI reports. HealthEquity had a return on equity of 13.86% and a net margin of 16.39%.The business had revenue of $354.64 million for the quarter, compared to analyst estimates of $352.02 million.

HealthEquity Trading Up 4.6%

NASDAQ:HQY traded up $3.96 on Thursday, reaching $90.52. The company’s stock had a trading volume of 1,218,504 shares, compared to its average volume of 990,877. HealthEquity has a 1-year low of $72.76 and a 1-year high of $116.65. The business’s 50-day moving average price is $83.05 and its two-hundred day moving average price is $86.78. The firm has a market cap of $7.59 billion, a PE ratio of 36.80, a PEG ratio of 1.59 and a beta of 0.19. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.27 and a current ratio of 3.27.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Raymond James Financial set a $100.00 target price on HealthEquity in a research note on Tuesday, February 17th. Barclays lowered their price target on HealthEquity from $118.00 to $110.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Royal Bank Of Canada cut their price target on shares of HealthEquity from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 18th. Jefferies Financial Group set a $108.00 price objective on shares of HealthEquity in a research note on Thursday, February 19th. Finally, KeyCorp restated an “overweight” rating on shares of HealthEquity in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, HealthEquity presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.79.

Get Our Latest Research Report on HealthEquity

Hedge Funds Weigh In On HealthEquity

Several institutional investors have recently modified their holdings of the business. Acumen Wealth Advisors LLC acquired a new position in shares of HealthEquity in the 4th quarter valued at approximately $27,000. Aster Capital Management DIFC Ltd acquired a new stake in HealthEquity during the 4th quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd lifted its stake in HealthEquity by 1,723.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 310 shares of the company’s stock valued at $28,000 after buying an additional 293 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of HealthEquity by 190.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 604 shares of the company’s stock valued at $55,000 after buying an additional 396 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in shares of HealthEquity by 24.4% in the third quarter. Larson Financial Group LLC now owns 628 shares of the company’s stock valued at $60,000 after buying an additional 123 shares during the period. Institutional investors own 99.55% of the company’s stock.

About HealthEquity

(Get Free Report)

HealthEquity, Inc (NASDAQ: HQY) is a leading administrator of consumer-directed health accounts and related benefit solutions in the United States. Founded in 2002 and headquartered in Draper, Utah, the company specializes in health savings accounts (HSAs) and offers complementary services such as flexible spending accounts (FSAs), health reimbursement arrangements (HRAs), COBRA administration and commuter benefits. Through its technology-driven platform, HealthEquity enables employers, health plans and individuals to streamline account management, improve cost transparency and encourage more informed healthcare spending.

Serving millions of members across all 50 states, HealthEquity leverages an open-architecture ecosystem that integrates with health plans, payroll providers and financial institutions.

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