Stock Worth Mentioning Today: Will Healthequity Inc Run Out of Steam Soon?

Stock Worth Mentioning Today: Will Healthequity Inc Run Out of Steam Soon?

The stock of Healthequity Inc (NASDAQ:HQY) hit a new 52-week high and has $58.74 target or 47.00% above today’s $39.96 share price. The 9 months bullish chart indicates low risk for the $2.60 billion company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $58.74 price target is reached, the company will be worth $1.22B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.09 million shares traded hands or 85.34% up from the average. Healthequity Inc (NASDAQ:HQY) has risen 57.97% since April 11, 2016 and is uptrending. It has outperformed by 51.83% 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. The company was reinitiated on Friday, October 28 by JP Morgan. Robert W. Baird maintained the shares of HQY in a report on Wednesday, September 7 with “Neutral” rating. The stock has “Outperform” rating given by Barrington Research on Tuesday, December 8. The rating was maintained by SunTrust on Wednesday, June 8 with “Buy”. The firm has “Market Outperform” rating given on Wednesday, March 23 by Avondale. As per Wednesday, March 23, the company rating was maintained by Barrington Research. The firm has “Hold” rating by TheStreet given on Tuesday, October 13. Leerink Swann maintained Healthequity Inc (NASDAQ:HQY) on Monday, April 4 with “Outperform” rating. Suntrust Robinson maintained the shares of HQY in a report on Wednesday, June 8 with “Buy” rating.

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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