Healthequity Incorporated (NASDAQ:HQY) on Focus After Report of More Shorts

Healthequity Inc (NASDAQ:HQY) has risen 95.58% since August 10, 2016 and is uptrending. BidaskClub cut shares of HealthEquity from a "buy" rating to a "hold" rating in a research report on Monday, July 24th. Eight analysts have provided estimates for HealthEquity's earnings, with estimates ranging from $0.12 to $0.15.

A number of research analysts have recently issued reports on the company. Equities analysts forecast that HealthEquity will post $0.58 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. Zacks Investment Research's EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for HealthEquity.

HealthEquity (NASDAQ:HQY) last announced its quarterly earnings data on Tuesday, June 6th. The company reported $0.19 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.16 by $0.03. HealthEquity had a net margin of 17.04% and a return on equity of 11.61%. The business's quarterly revenue was up 25.9% compared to the same quarter a year ago. During the same quarter in the previous year, the business earned $0.15 earnings per share. Cantor Fitzgerald maintained the shares of HQY in report on Thursday, July 13 with "Buy" rating. Chardan Capital Markets maintained the stock with "Buy" rating in Wednesday, March 22 report. CIBC started coverage on HealthEquity in a research note on Tuesday, March 14th. They now have $54.00 target price on the stock. Finally, Oppenheimer Holdings, Inc. reaffirmed an "outperform" rating and issued a $61.00 target price (up from $57.00) on shares of HealthEquity in a research report on Monday, June 12th. Zacks Investment Research raised shares of HealthEquity from a "hold" rating to a "buy" rating and set a $54.00 target price on the stock in a research report on Wednesday, July 12th.

Among 23 analysts covering Autoliv Inc (NYSE:ALV), 7 have Buy rating, 7 Sell and 9 Hold. The stock has an average rating of "Buy" and a consensus price target of $50.22.

Shares of HealthEquity (HQY) traded down 0.5010% during trading on Tuesday, hitting $50.8241. Shares saw a steep increase in trading volume of 104.59% over the normal average daily volume. The 50 day moving average was down $-3.99 whereas the 200 day average was down by -2.63%. HealthEquity has a one year low of $28.39 and a one year high of $54.95. The company has a market capitalization of $2.79 billion, a P/E ratio of 87.37 and a beta of 1.73.

ILLEGAL ACTIVITY NOTICE: "HealthEquity, Inc. (NASDAQ:HQY) This Quarter" was first published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another publication, it was copied illegally and republished in violation of worldwide trademark and copyright law. The original version of this article can be read at Also, VP Ashley Dreier sold 10,000 shares of the stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $47.81, for a total transaction of $478,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The disclosure for this sale can be found here. Insiders sold a total of 2,440,821 shares of company stock valued at $125,325,268 in the last quarter. Neeleman now owns $13,391,960 of the stock according to the SEC filing. Moreover, Soros Fund Management Llc has 0.22% invested in the company for 1.57 million shares. Peregrine Capital Management LLC increased its position in shares of HealthEquity by 6.4% in the first quarter. Following the completion of the sale, the insider now owns 1,000 shares of the company's stock, valued at approximately $50,830. Janney Montgomery Scott LLC increased its position in shares of HealthEquity by 17.7% in the first quarter. Peregrine Capital Management LLC now owns 743,830 shares of the company's stock valued at $29,776,000 after buying an additional 44,792 shares in the last quarter. Finally, Henderson Group PLC purchased a new stake in shares of HealthEquity during the first quarter valued at approximately $12,323,000.

HealthEquity, Inc., launched on October 18, 2002, is a 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 Company is engaged in technology-enabled services platforms that allow consumers to make healthcare saving and spending decisions.