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.
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.
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 9 best stock advisor websites 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.
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- Net money flow is the value of uptick trades minus the value of downtick trades.
- Measures how much net income or profit is generated as a percentage of revenue.
- Revenues are expected to be $229.43 million, up 12.9% from the year-ago quarter.
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.
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.
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 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.
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.
HealthEquity price target lifted to $75 from $70 at Raymond James
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.
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.
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.
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.
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 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.
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.
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.
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.
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 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.
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 https://day-trading.info/ 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.
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.