Revenue Update on Healthequity Inc(NASDAQ:HQY)

Healthequity Inc(NASDAQ:HQY) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during After-hours on Jun 7, 2016. Company reported revenue of $44.01M. Analysts estimated a revenue of $41.94M. Earnings per share were $0.15. Analysts had estimated an EPS of $0.13.

In a different note, On Apr 4, 2016, Leerink Swann said it Maintains its rating on Healthequity Inc. In the research note, the firm Raises the price-target to $26.00 per share. The shares have been rated ‘Outperform’ by the firm. On Mar 23, 2016, Avondale Partners said it Maintains its rating on Healthequity Inc. In the research note, the firm Raises the price-target to $25.00 per share. The shares have been rated ‘Market Outperform’ by the firm. On Mar 23, 2016, Barrington Research said it Maintains its rating on Healthequity Inc. In the research note, the firm Raises the price-target to $24.00 per share. The shares have been rated ‘Outperform’ by the firm.

Healthequity Inc (HQY) made into the market gainers list on Fridays trading session with the shares advancing 2.84% or 0.8 points. Due to strong positive momentum, the stock ended at $29, which is also near the day’s high of $29.393. The stock began the session at $28 and the volume stood at 4,21,904 shares. The 52-week high of the shares is $35.779 and the 52 week low is $15.8. The company has a current market capitalization of $1,685 M and it has 5,80,87,307 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 27, 2016, Stephen Neeleman (Founder and Vice Chairman) sold 19,900 shares at $25.04 per share price.Also, On May 27, 2016, Darcy G Mott (Executive VP and CFO) sold 10,000 shares at $25.00 per share price.On May 13, 2016, Jon Kessler (President and CEO) sold 52,000 shares at $25.21 per share price, according to the Form-4 filing with the securities and exchange commission.

HealthEquity Inc. is a provider of a range of solutions for managing health care accounts (Health Savings Accounts (HSAs)) Health Reimbursement Arrangements (HRAs) and Flexible Spending Accounts (FSAs)) for health plans insurance companies and third-party administrators. The Company is engaged in technology-enabled services platforms that allow 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. The Company’s products and services include healthcare saving and spending platform health savings accounts investment advisory services reimbursement arrangements and healthcare incentives.

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