Market Runner: Could Healthequity Inc Change Direction After Making 52-Week High?

Market Runner: Could Healthequity Inc Change Direction After Making 52 Week High?

The stock of Healthequity Inc (NASDAQ:HQY) hit a new 52-week high and has $50.81 target or 35.00% above today’s $37.64 share price. The 8 months bullish chart indicates low risk for the $2.24 billion company. The 1-year high was reported on Oct, 3 by Barchart.com. If the $50.81 price target is reached, the company will be worth $784.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 519,733 shares traded hands or 3.03% up from the average. Healthequity Inc (NASDAQ:HQY) has risen 81.80% since February 29, 2016 and is uptrending. It has outperformed by 69.58% the S&P500.

Healthequity Inc (NASDAQ:HQY) Ratings Coverage

Out of 7 analysts covering HealthEquity Inc (NASDAQ:HQY), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. HealthEquity Inc has been the topic of 9 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Tuesday, October 13 by TheStreet. Barrington Research maintained Healthequity Inc (NASDAQ:HQY) rating on Tuesday, December 8. Barrington Research has “Outperform” rating and $38 price target. SunTrust maintained it with “Buy” rating and $40 target price in Wednesday, June 8 report. Robert W. Baird maintained it with “Neutral” rating and $35 target price in Wednesday, September 7 report. As per Wednesday, March 23, the company rating was maintained by Barrington Research. The firm has “Outperform” rating by Leerink Swann given on Monday, April 4. The company was maintained on Wednesday, March 23 by Avondale. Suntrust Robinson maintained Healthequity Inc (NASDAQ:HQY) on Wednesday, June 8 with “Buy” rating.

According to Zacks Investment Research, “HealthEquity, Inc. is a technology-enabled services platforms that empower consumers to make healthcare saving and spending decisions. The Company’s platform provides an ecosystem where consumers can access their tax-advantaged healthcare savings, compare treatment options and pricing, evaluate and pay healthcare bills, receive personalized benefit and clinical information, earn wellness incentives, and make educated investment choices to grow their tax-advantaged healthcare savings. HealthEquity, Inc. is headquartered in Draper, Utah.”

Another recent and important Healthequity Inc (NASDAQ:HQY) news was published by Prnewswire.com which published an article titled: “HealthEquity’s HSA Learning Site Educates Americans” on August 17, 2016.

HQY Company Profile

HealthEquity, Inc., incorporated on October 18, 2002, is a well-known provider of 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 Firm is engaged in technology-enabled services platforms that allow clients to make healthcare saving and spending decisions. The Company’s platform provides an ecosystem where clients can access their tax-advantaged healthcare savings, compare treatment options and pricing, evaluate and pay healthcare bills, receive personalized benefit and clinical information, earn wellness incentives and make educated investment choices to help in their tax-advantaged healthcare savings.

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