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Wednesday, February 1, 2023

What Are The Chances Of HealthEquity Inc. (NASDAQ: HQY) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for HealthEquity Inc. (HQY) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.22, or -0.36%, to $61.42. The HealthEquity Inc. has recorded 9,260 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Innovative Benefits Plan Demonstrates How HSAs can Further Pay Equity.

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Stocks Info

As a NASDAQ listed company, HQY falls under the Healthcare sector while operating within the Health Information Services industry segment. At the end of the last regular session, the stock closed at $61.64 and fluctuated between $61.69 as its day high and $60.54 as its day low. The current market capitalization of HealthEquity Inc. is $5.16B. A total of 0.37 million shares were traded on the day, compared to an average of 859.02K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, HQY has seen 1 BUY and 4 SELL insider trades, representing the acquisition of 6,419 and the disposition of 35,423 shares. Over the last 12 months, there were 44 BUYs and 25 SELLs from insiders. Insiders purchased 245,266 shares during that period but sold 105,774.

In the most recent transaction, Wellborn Gayle Furgurson sold 5,237 shares of HQY for 62.00 per share on Dec 14. After the transaction, the Director now owns 12,023 company shares. In a previous transaction on Oct 21, Ladd Delano sold 5,897 shares at 75.00 per share. HQY shares that EVP, GC & CORPORATE SECRETARY owns now total 37,471.

Among the insiders who sold shares, Trittschuh Larry L disposed of 11,526 shares on Oct 13 at a per-share price of $70.00. This resulted in the EVP CHIEF SECURITY OFFICER holding 27,961 shares of HQY after the transaction. In another insider transaction, McCowan Debra Charlotte sold 4,225 shares at $70.91 per share on Sep 27. Company shares held by the Director now total 7,072.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for HQY in the last 3 months, the mean price target is $83.54 with high estimates of $101.00 and low estimates of $75.00. In terms of 52-week highs and lows, HQY has a high of $79.20 and a low of $43.61.

As of this writing, HQY has an earnings estimate of $0.34 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $0.37 per share and a lower estimate of $0.31. The company reported an EPS of $0.27 in the last quarter, which was 3.80% higher than expectations of $0.26.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 13 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HQY is Hold with a score of 4.57. A total of 10 analysts rated the stock as Buy while 1 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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