Stock of the Day: Will Healthequity Inc Go Down Anytime Soon?

Stock of the Day: Will Healthequity Inc Go Down Anytime Soon?

The stock of Healthequity Inc (NASDAQ:HQY) is a huge mover today! About 486,163 shares traded hands. Healthequity Inc (NASDAQ:HQY) has risen 37.98% since April 8, 2016 and is uptrending. It has outperformed by 32.33% the S&P500.
The move comes after 9 months positive chart setup for the $2.49 billion company. It was reported on Nov, 10 by Barchart.com. We have $62.95 PT which if reached, will make NASDAQ:HQY worth $1.69 billion more.

Healthequity Inc (NASDAQ:HQY) Ratings Coverage

Out of 8 analysts covering HealthEquity Inc (NASDAQ:HQY), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. HealthEquity Inc has been the topic of 10 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The stock of Healthequity Inc (NASDAQ:HQY) has “Neutral” rating given on Wednesday, September 7 by Robert W. Baird. The firm earned “Overweight” rating on Friday, October 28 by JP Morgan. SunTrust maintained the shares of HQY in a report on Wednesday, June 8 with “Buy” rating. The firm earned “Outperform” rating on Tuesday, December 8 by Barrington Research. Barrington Research maintained Healthequity Inc (NASDAQ:HQY) rating on Wednesday, March 23. Barrington Research has “Outperform” rating and $30 price target. Avondale maintained it with “Market Outperform” rating and $27 target price in Wednesday, March 23 report. The company was maintained on Wednesday, June 8 by Suntrust Robinson. The firm earned “Outperform” rating on Monday, April 4 by Leerink Swann. The firm has “Hold” rating by TheStreet given on Tuesday, October 13.

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.”

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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