- Here’s Why You Should Retain HealthEquity (HQY) Stock for Now
- Jim Cramer Calls This Small-Cap Energy Stock The ‘Best Natural Gas Company And A Great Oil Company’
- HealthEquity Announces Record HSA Sales Outlook, Presentation at J.P. Morgan Healthcare Conference
- HealthEquity downgraded to outperform from strong buy at Raymond James
- About HealthEquity (NASDAQ:HQY) Stock
- Earnings and Valuation
Natera NTRA, another stock in the same industry, closed the last trading session 2.3% higher at $56.43. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Represents the company’s profit divided by the outstanding shares of its common stock.
The “King Of Quants” sees 10X potential…Eric Fry believes he just discovered America’s next “Wealth Supercluster” and it’s forming in the place you’d least expect. Investors are already flocking there for a chance at 1,000%+ returns. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Only 2 people have added HealthEquity to their MarketBeat watchlist in the last 30 days. 13 people have searched for HQY on MarketBeat in the last 30 days.
Here’s Why You Should Retain HealthEquity (HQY) Stock for Now
We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Given the continued march higher for interest rates, I feel the company is still being conservative.
Tech companies have made a lot of headlines with their layoffs, and it’s also trickled into other industries as well. That said, HQY’s business has held up reasonably well in past recessions, as people began to save more. Some of that is due to HQY locking in some rates via a laddering strategy and members moving some money into investments. However, where short-term rates are now and with the Fed recently indicating that it would get more aggressive with rate hikes, that number still seems too low. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
Jim Cramer Calls This Small-Cap Energy Stock The ‘Best Natural Gas Company And A Great Oil Company’
In the past three months, HealthEquity insiders have not sold or bought any company stock. MarketBeat has tracked 6 news articles for HealthEquity this week, compared to 4 articles on an average week. Join thousands of traders who make more informed decisions with our premium features. Real-time quotes, advanced visualizations, backtesting, and much more. HealthEquity possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. There may be delays, omissions, or inaccuracies in the Information.
Is HealthEquity, Inc. (NASDAQ:HQY) Expensive For A Reason? A Look At Its Intrinsic Value – Simply Wall St
Is HealthEquity, Inc. (NASDAQ:HQY) Expensive For A Reason? A Look At Its Intrinsic Value.
Posted: Fri, 11 Nov 2022 08:00:00 GMT [source]
It also provides mutual fund investment platform; and online-only automated investment advisory services through … At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.52% per year. These returns cover a period from January 1, 1988 through February 6, 2023.
HealthEquity Announces Record HSA Sales Outlook, Presentation at J.P. Morgan Healthcare Conference
View analysts price targets for HQY or view top-rated stocks among Wall Street analysts. Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. HQY manages employee consumer direct benefits, including health savings accounts , flexible spending accounts and health reimbursement arrangements HRAs), as well as other benefits such as COBRA and commuter benefits. As part of its services, it offers telemedicine, wellness incentives, healthcare bill evaluation, payment processing services, and treatment option and comparative pricing information. Let’s take a glance in the erstwhile performances of HealthEquity Inc., multiple moving trends are noted.
- Only 2 people have added HealthEquity to their MarketBeat watchlist in the last 30 days.
- Since 1988 it has more than doubled the S&P 500 with an average gain of +24.52% per year.
- As part of its services, it offers telemedicine, wellness incentives, healthcare bill evaluation, payment processing services, and treatment option and comparative pricing information.
- The stock’s price range for the 52-week period managed to maintain the performance between $51.10 and $79.20.
- HealthEquity’s stock is owned by a variety of institutional and retail investors.
And while account growth has been strong over the past decade, there is still a trend towards companies switching to high-deductible plans. There are somewhere around million HSA accounts, and HQY sees the market maturing at around 60 million. The company generates revenue from service, custodial, and interchange fees. Service fees are paid by clients on a per month per https://day-trading.info/ account basis, while HQY also makes interchange fees when a member makes a payment using its payment card or virtual payment system. My No. 1 dividend stock for a LIFETIME of income.Few people realize this… But dividends account for up to 90% of the stock market’s returns over the past century! I think it’s a crying shame folks don’t know how powerful dividends are.
HealthEquity witnesses solid growth in HSAs besides recording robust performances in all its segments in the third quarter of fiscal 2023. Sign Up NowGet this delivered to your inbox, and more info about our products and services. Maintaining independence and editorial freedom is essential to our mission of empowering investor success.
As such, I’m looking for strong results and at the very least reiterated guidance, with a pretty good chance that it raises guidance. The HSA market has been growing nicely for quite some time now, and deposits are projected to continue to grow at about a 10% annual pace . At the same time, participants are saving more than they are spending, which is leading to higher levels of assets under custodianship.
HealthEquity downgraded to outperform from strong buy at Raymond James
359 employees have rated HealthEquity Chief Executive Officer Jon Kessler on Glassdoor.com. Jon Kessler has an approval rating of 95% among the company’s employees. This puts Jon Kessler in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
The company’s average rating score is 2.80, and is based on 8 buy ratings, 2 hold ratings, and no sell ratings. When it comes to the year-to-date metrics, the HealthEquity Inc. recorded performance in the market was -14.93%, having the revenues showcasing -18.89% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 4.78B, as it employees total of 3688 workers. The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It’s packed with all of the company’s key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.
About HealthEquity (NASDAQ:HQY) Stock
That said, according to HQY, the average HSA balance is only $3,000 per participants, so there is a lot of potential upside for balance to grow. The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 21st 2023. High institutional ownership can be a signal of strong market trust in this company. HealthEquity has only been the subject of 2 research reports in the past 90 days.
HealthEquity has been upgraded to a Zacks Rank #2 , reflecting growing optimism about the company’s earnings prospects. The Zacks Medical – Services industry is growing on digital healthcare adoption. The Zacks Industry Rank assigns a rating to each of the 265 X Industries based on their average Zacks Rank.
As of February 28th, there was short interest totaling 2,990,000 shares, an increase of 7.9% from the February 13th total of 2,770,000 shares. Based on an average daily volume of 767,400 shares, the short-interest ratio is presently 3.9 days. The detailed multi-page Analyst report does an even deeper dive on the company’s vital statistics. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. HealthEquity, Inc. is engaged in providing technology-enabled services platforms that helps consumers to make healthcare saving and spending decisions. Currently, the analyst consensus on Healthequity is a Strong Buy with an average price target of $80.71, which is a 39.88% upside from current levels.
Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. binomial distribution mean and variance formulas A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return.
The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The company is scheduled to release its fiscal fourth-quarter earnings on Mar 21. A valuation method that multiplies the price of a company’s stock by the total number of outstanding shares.