Healthequity Inc Unusual Bullish Options Activity Means Profits for Traders

 Healthequity Inc Unusual Bullish Options Activity Means Profits for Traders

In today’s session Healthequity Inc (HQY) registered an unusually high (347) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the March, 2017 call, expecting serious HQY increase. With 347 contracts traded and 344 open interest for the Mar, 17 contract, it seems this is a quite bullish bet. The option with symbol: HQY170317C00040000 closed last at: $3 or 150% up. About 157,444 shares traded hands. Healthequity Inc (NASDAQ:HQY) has risen 58.58% since April 12, 2016 and is uptrending. It has outperformed by 53.59% 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. $40 is the highest target while $27 is the lowest. The $33.67 average target is -18.67% below today’s ($41.4) stock price. HealthEquity Inc has been the topic of 10 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Wednesday, March 23 by Barrington Research. The stock of Healthequity Inc (NASDAQ:HQY) has “Overweight” rating given on Friday, October 28 by JP Morgan. TheStreet initiated the stock with “Hold” rating in Tuesday, October 13 report. Suntrust Robinson maintained the shares of HQY in a report on Wednesday, June 8 with “Buy” rating. Barrington Research maintained Healthequity Inc (NASDAQ:HQY) rating on Tuesday, December 8. Barrington Research has “Outperform” rating and $38 price target. The stock has “Neutral” rating given by Robert W. Baird on Wednesday, September 7. Avondale maintained Healthequity Inc (NASDAQ:HQY) rating on Wednesday, March 23. Avondale has “Market Outperform” rating and $27 price target. The firm has “Buy” rating given on Wednesday, June 8 by SunTrust. The rating was maintained by Leerink Swann with “Outperform” on Monday, April 4.

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.”

HealthEquity, Inc. provides a range of solutions for managing healthcare accounts , Health Reimbursement Arrangements (HRAs) and Flexible Spending Accounts (FSAs)) for health plans, insurance companies and third-party administrators. The company has a market cap of $2.57 billion. The Firm is engaged in technology-enabled services platforms that allow clients to make healthcare saving and spending decisions. It has a 104.68 P/E ratio. 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.

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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