Robert W. Baird Keeps Their Hold Rating on Healthequity

In a report released today, Mark Marcon from Robert W. Baird maintained a Hold rating on Healthequity (NASDAQ: HQY), with a price target of $77. The company’s shares closed yesterday at $76.36, close to its 52-week high of $78.10.

According to TipRanks.com, Marcon is a 5-star analyst with an average return of 26.9% and a 83.3% success rate. Marcon covers the Services sector, focusing on stocks such as AMN Healthcare Services Inc, Korn/Ferry International, and Resources Connection.

Currently, the analyst consensus on Healthequity is Strong Buy and the average price target is $76.75, representing a 0.5% upside.

In a report issued on May 30, Cantor Fitzgerald also downgraded the stock to Hold with a $65 price target.

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Healthequity’s market cap is currently $4.64B and has a P/E ratio of 100.47. The company has a Price to Book ratio of 13.41.

Based on the recent corporate insider activity of 104 insiders, corporate insider sentiment is negative on the stock.

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HealthEquity, Inc. engages in the provision of healthcare saving solutions. Its products include healthcare saving and spending platform, health savings accounts, investment advisory services, reimbursement arrangements, and healthcare incentives.