Stock Buzzer: Is Buying Healthequity Inc Here a Winning Strategy?

Stock Buzzer: Is Buying Healthequity Inc Here a Winning Strategy?

The stock of Healthequity Inc (NASDAQ:HQY) reached all time high today, Oct, 3 and still has $45.69 target or 21.00% above today’s $37.76 share price. This indicates more upside for the $2.25 billion company. This technical setup was reported by Barchart.com. If the $45.69 PT is reached, the company will be worth $472.50M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 713,832 shares traded hands or 41.50% 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 has “Outperform” rating by Barrington Research given on Wednesday, March 23. On Tuesday, December 8 the stock rating was maintained by Barrington Research with “Outperform”. Leerink Swann maintained the shares of HQY in a report on Monday, April 4 with “Outperform” rating. The stock has “Hold” rating given by TheStreet on Tuesday, October 13. Robert W. Baird maintained the stock with “Neutral” rating in Wednesday, September 7 report. SunTrust maintained the stock with “Buy” rating in Wednesday, June 8 report. The stock of Healthequity Inc (NASDAQ:HQY) earned “Buy” rating by Suntrust Robinson on Wednesday, June 8. Avondale maintained the shares of HQY in a report on Wednesday, March 23 with “Market Outperform” 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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