RBC Capital analyst Sean Dodge maintained a Buy rating on Healthequity (HQY – Research Report) yesterday and set a price target of $92.00. The company’s shares closed yesterday at $83.53.
According to TipRanks, Dodge is an analyst with an average return of -5.8% and a 41.26% success rate. Dodge covers the Healthcare sector, focusing on stocks such as GoodRx Holdings, R1 RCM, and Catalent.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Healthequity with a $99.00 average price target, implying a 18.52% upside from current levels. In a report released today, Barclays also assigned a Buy rating to the stock with a $104.00 price target.
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The company has a one-year high of $84.13 and a one-year low of $48.86. Currently, Healthequity has an average volume of 591.9K.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HQY in relation to earlier this year. Most recently, in December 2023, Ian Sacks, an Insider at HQY sold 45,000.00 shares for a total of $2,857,500.00.
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.
Healthequity (HQY) Company Description:
HealthEquity, Inc. provides range of solutions for managing health care accounts. The firm’s offers its solutions for employers, health planbs, brokers, consultants and financial advisors. Its services include HAS, FSA, HRA, DCRA, 401(k), Commuter, COBRA and HIA. It also offers products like healthcare saving and spending platform, health savings accounts, investment advisory services, reimbursement arrangements, and healthcare incentives. The company was founded by Stephen D. Neeleman on September 18, 2002 and is headquartered in Draper, UT.
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