Notable Mover: What Will Happen to Healthequity Inc Next? The Stock Just Reaches Record High

Notable Mover: What Will Happen to Healthequity Inc Next? The Stock Just Reaches Record High

The stock of Healthequity Inc (NASDAQ:HQY) reached all time high today, Nov, 22 and still has $44.46 target or 7.00% above today’s $41.55 share price. This indicates more upside for the $2.44 billion company. This technical setup was reported by Barchart.com. If the $44.46 PT is reached, the company will be worth $170.80M 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 280,757 shares traded hands. Healthequity Inc (NASDAQ:HQY) has risen 59.01% since April 20, 2016 and is uptrending. It has outperformed by 54.45% the S&P500.

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. Barrington Research maintained the shares of HQY in a report on Wednesday, March 23 with “Outperform” rating. The stock has “Outperform” rating given by Barrington Research on Tuesday, December 8. The rating was initiated by TheStreet on Tuesday, October 13 with “Hold”. The stock of Healthequity Inc (NASDAQ:HQY) earned “Outperform” rating by Leerink Swann on Monday, April 4. The stock has “Neutral” rating given by Robert W. Baird on Wednesday, September 7. The stock has “Market Outperform” rating given by Avondale on Wednesday, March 23. The firm has “Buy” rating by SunTrust given on Wednesday, June 8. The rating was maintained by Suntrust Robinson on Wednesday, June 8 with “Buy”. JP Morgan reinitiated the stock with “Overweight” rating in Friday, October 28 report.

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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