HealthEquity Stock Will Continue To Benefit From Hawkish Fed HQY

Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. 10 brokers have issued twelve-month price targets for HealthEquity’s stock. On average, they expect the company’s share price to reach $80.62 in the next year. This suggests a possible upside of 37.2% from the stock’s current price.

Provide specific products and services to you, such as portfolio management or data aggregation. Morningstar Quantitative ratings for equities are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. HQY typically sells its solutions to employers, who then offer them to their employees. The company also manages other common employee benefits that complement its HSA offerings.

WageWorks Inc. said Tuesday it has received an unsolicited letter of interest from Mansa Parent Corp. that values the company at $58.58 a share. The company said its board has reviewed the letter and unanimously conclude… Storylines Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. This documentary-style series follows investigative journalists as they uncover the truth. Live from Hong Kong, bringing you the most important global business and breaking markets news information as it happens. The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

Its technology allows customers to see their tax-advantaged healthcare savings, compare treatment options and pricing, pay healthcare bills, receive benefit information, and earn wellness incentives. The firm primarily partners with health plans and employers and serves as the custodian of its customers’ health savings accounts . HealthEquity also engages in reimbursement arrangements and offers healthcare incentives to its members. In addition, the company provides investment advisory services to customers whose account balances exceed a certain threshold.

Short Interest

The industry with the best average Zacks Rank would be considered the top industry , which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. Measures how much net income or profit is generated as a percentage of revenue.

There really aren’t any good comps to value HQY off of, now that it purchased WageWorks. Historically, the company has commanded a healthy EV/EBITDA multiple, often over 40x. When it reported its Q3 results in December, HQY not only increased its FY23 forecast for the 4th straight quarter, in an unusual move it also provided FY24 guidance. When looking at risks, a drop in interest rates would be negative. That said, this is a company that had become accustomed to a low rate environment that is suddenly seeing a nice benefit.

MarketWatch

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Presently, HealthEquity Inc. shares are logging -33.79% during the 52-week period from high price, and 2.62% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $51.10 and $79.20. HealthEquity witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn’t suggest further strength down the… According to 17 analysts, the average rating for HQY stock is “Buy.” The 12-month stock price forecast is $83.88, which is an increase of 42.17% from the latest price.

RATIOS/PROFITABILITY

The company put out FY2024 revenue guidance already when it reported Q3 results, but it assumed an HSA cash yield of only 2.25%. For its part, HQY is the HSA market leader with over 8 million accounts and $22 billion in assets under custodianship. It’s done a good job of driving sales https://day-trading.info/ through its channel partners recently, with 75% of net new logos coming through partners. Its acquisition of WageWorks also helped give it full suite of employee benefit options to offer as well as cross-sell. Real-time analyst ratings, insider transactions, earnings data, and more.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary top 10 penny stocks on robinhood to buy under $1 in february set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer.

CompareHQY’s historical performanceagainst its industry peers and the overall market. TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities. I have no business relationship with any company whose stock is mentioned in this article. HQY is set to greatly benefit from higher interest rates, and whether that is in fiscal 2024 or later due to laddering rates, it’s still going to be a nice tailwind.

HealthEquity, Inc. (HQY)

While this highly sought-after metric has not proven reasonably effective, strong agreement among anal… The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest.

The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price. Expect a strong Q4 when the company reports earnings later this month. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 to -2 . This is a lower news sentiment than the 0.59 average news sentiment score of Medical companies.

• Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations.
• MarketBeat has tracked 6 news articles for HealthEquity this week, compared to 4 articles on an average week.
• The monthly returns are then compounded to arrive at the annual return.
• Style is an investment factor that has a meaningful impact on investment risk and returns.

In a report released on March 7, BTIG also maintained a Buy rating on the stock with a $85.00 price target. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements. Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance.

HealthEquity (HQY) Surges 10.0%: Is This an Indication of Further Gains?

Money Flow Uptick/Downtick RatioMoney flow measures the relative buying and selling pressure on a stock, based on the value of trades made on an “uptick” in price and the value of trades made on a “downtick” in price. The up/down ratio is calculated by dividing the value of uptick trades by the value of downtick trades. Net money flow is the value of uptick trades minus the value of downtick trades. Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends.

This represents a change of +19.3% from what the company reported a year ago. HealthEquity HQY shares ended the last trading session 10% higher at $57.70. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. Shares Sold ShortThe total number of shares of a security that have been sold short and not yet repurchased.Change from LastPercentage change in short interest from the previous report to the most recent report. Exchanges report short interest twice a month.Percent of FloatTotal short positions relative to the number of shares available to trade. Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock.

This provider of services for managing health care accounts is expected to post quarterly earnings of $0.34 per share in its upcoming report, which represents a year-over-year change of +70%. Revenues are expected to be $229.43 million, up 12.9% from the year-ago quarter. HealthEquity saw a increase in short interest during the month of February.

Meanwhile, outside of rates, HSA is a nice, steady growing business. At this point, the biggest risk for HQY right now might be high expectations. Based on the FY24 EBITDA consensus of $325.4 million, HQY trades at an EV/EBITDA multiple of about 19.5x. Based on the FY25 EBITDA estimate of $404.5 million, it trades at about 15.8x. Solid job creation has been a driver for HSA usage growth, and this tailwind could turn into more of a headwind in 2023.

Here’s Why You Should Retain Inari Medical (NARI) Stock Now

According to analysts’ consensus price target of $80.62, HealthEquity has a forecasted upside of 36.6% from its current price of $59.00. Raw Stochastic average of HealthEquity Inc. in the period of last 50 days is set at 1.03%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 1.03%. In the last 20 days, the company’s Stochastic %K was 30.05% and its Stochastic %D was recorded 55.79%.